Traxys will become Phoenix Tailings preferred trading partner for rare earth metals and provide feedstock, offtake, and strategic assistance
Traxys North America LLC (“Traxys”) has announced a strategic partnership with Phoenix Tailings, Inc. (“Phoenix”) bringing together Traxys’ leadership in critical metals trading with Phoenix’s breakthrough rare earth production technology and capacity.
Traxys will partner with Phoenix on global feedstock sourcing and downstream metal sales, expanding supply from allied markets and strengthening commercial distribution of critical rare earth metals including Samarium (Sm), Yttrium (Y), Dysprosium (Dy), Terbium (Tb), and other strategic rare earth elements. These materials are critical for national defense and support core economic sectors such as energy, automotive, artificial intelligence, robotics, and advanced medical technology.
In addition to the partnership, Traxys has invested in Phoenix’s recently announced financing round. The investment will expand domestic rare earth production capacity, including scale-up into Samarium (Sm), Yttrium (Y), and other rare earth elements essential to high performance magnets, aerospace systems, and advanced technology applications, reinforcing secure supply for the United States and its allies.
Alan Docter, Chairman of Traxys, said:
“We are impressed by Phoenix Tailings’ business proposition, experienced and proven leadership, clear strategic vision, and financial backing. There is a clear imperative to enhance the U.S. production capability for critical metals, and we believe Phoenix is the company that can make this happen. We are prepared to provide our merchant and marketing capabilities to support Phoenix’s business plan, and we will put our entire supply chain expertise at the service of Phoenix.”
Nicholas Myers, Co-Founder and CEO of Phoenix Tailings, said:
“Traxys operates at the center of global critical mineral markets. Their ability to secure feedstock, structure complex cross-border transactions, and deliver reliable offtake strengthens our commercial foundation at scale. This partnership integrates world-class market access with our domestic production platform, ensuring U.S.-refined rare earth metals reach the largest industrial customers with certainty and discipline.”
