Durham – October 15, 2026 -- Vulcan Elements, a U.S. rare earth magnet manufacturer, will lead a three-year research project funded by the U.S. Department of Energy's ARPA-E to develop magnetic materials potentially more powerful than rare earth magnets, the company announced.

Co-Founder and Chief Technology Officer Dr. Piotr Kulik will head the effort. The project was competitively selected for ARPA-E funding. Kulik is also an Assistant Professor at the University of Central Florida (UCF).