REEMAG Achieves Major Milestone in Sustainable Magnet Production with Successful Scale-Up of Recycled NdFeB Magnets

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- REEMAG LLC (“REEMAG” or the “Company”), a leader in sustainable rare earth magnet recycling, and a portfolio company of Cove Capital LLC, proudly announces a significant breakthrough in its mission to transform the rare earth magnet industry with low-carbon footprint solutions. The company has successfully scaled its innovative and proprietary carbon-free recycling process from a single NdFeB (neodymium-iron-boron) magnet to handle a quantity approximately 100 tim ...