Its small, but surely the second agreement in an ever growing list. It now has a (small) sales footprint in the US and Korea. These are the trickling beginnings of what should prove to be a growing supply stream.
Perhaps the Noveon contract has a little more future growth potential too:
"Dunn figures that once its San Marcos facility is at capacity, by 2024 or 2025, it will be able to churn out 2,000 tons of magnets under long-term supplier agreements, using a mix of recycled and mined rare-earth materials, and bringing in revenue of $250 million with 40% Ebitda at current magnet prices. After that, he hopes to set up similar magnet factories in Europe and Asia (outside of China), with a goal of reaching $1 billion in revenue within five years."
https://www.forbes.com/sites/amyfeldman/2023/05/10/meet-the-texas-startup-that-recycles-rare-earth-magnets-bypassing-china/?sh=2e598cdd2c1a
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