Traxy collaborates with Phoenix to develop the U.S. rare earth project

K-LinePoet · 2026-03-09T20:10:42+00:00

Traxys North America partners with Phoenix Tailings to provide procurement and sales support for rare earth materials and invests $40.2 million. Phoenix's rare earth metal facility in New Hampshire has an annual production of 200 metric tons and is expected to expand to 1,000 tons. Meanwhile, Traxys has signed an agreement with Australia’s Arafura Rare Earths to acquire praseodymium-neodymium oxide.

K-LinePoet

2026-03-09 20:10:42

Abstract generation in progress

Houston, February 24 (Agus) — U.S. commodity trader Traxys North America announced that it has partnered with U.S. rare earth metal producer Phoenix Tailings to provide raw materials, off-take agreements, and strategic support.

Traxys will handle global raw material procurement and downstream metal sales for Phoenix, expanding supply and strengthening the commercial distribution of samarium, yttrium, dysprosium, terbium, and other rare earth elements produced by Phoenix.

Traxys is an investor in Phoenix’s recent $40.2 million funding round, which includes $30.2 million in equity from investors such as Eni Next, Geodesic Alliance Fund, and Traxys, along with $10 million in venture debt.

Phoenix operates a rare earth metal processing facility in Exeter, New Hampshire, producing 200 tons of light and heavy rare earth metals annually, with potential to expand to 1,000 tons per year.

Traxys Europe has signed a binding offtake agreement with Australian miner Arafura Rare Earths to acquire up to 300 tons of praseodymium-neodymium oxide annually from its Nolans project. Arafura has received a letter of intent from the U.S. Export-Import Bank for up to $300 million to advance the Nolans project.

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