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Mulberry Industries, based in Georgia, and Ramaco Resources, a developer of critical minerals in Wyoming, have signed a non-binding memorandum of understanding (MOU) to establish an offtake partnership aimed at strengthening the domestic rare earth and permanent magnet supply chain in the U.S. Under the MOU, Ramaco will negotiate to supply Mulberry with customized oxide blends containing rare earth elements such as samarium, neodymium-praseodymium, yttrium, gallium, and dysprosium-terbium.

This supply will support Mulberry's existing 10-year rare earth stockpile for the production of advanced permanent magnets for defense, aerospace, automotive, and robotics sectors. The partnership seeks to reduce U.S. reliance on China, which currently dominates rare earth mining and refining. Ramaco's Brook Mine, the first new rare earth mine in the U.S. in over 70 years, is set to begin producing commercial oxides.