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Phoenix Tailings, a pioneering metal refining company in the United States, has set its sights on an initial public offering (IPO) within the next three years. This strategic move aims to bolster the construction of its state-of-the-art rare earth element factory. This facility will specialize in producing vital rare earth elements essential for the manufacturing of automobiles, advanced medical equipment, and sophisticated military technology. CEO Nick Myers characterized this plan as both ambitious and proactive. Notably, Phoenix Tailings has already inaugurated the world's first rare earth recycling plant, which boasts the remarkable feat of producing no toxic byproducts and achieving zero carbon emissions. By 2026, the plant is projected to reach a capacity exceeding 3,000 tons.
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