California-Based Maglut Heavy Industries Raises $3.1M in Funding
Aug 28, 2026 | By Devin Jacobs
SUMMARY
- Maglut Heavy Industries raised $3.1M in funding.
- The funding will support refining and team expansion.
- Maglut develops technology to refine rare earth elements.
Follow us
Follow usMaglut Heavy Industries, a Long Beach, CA-based rare earths and critical minerals processing startup, has raised $3.1 million in a funding round.
The round saw backers Wave Function, Nova Threshold, and Julian Capital.
The company will use the capital to expand refining infrastructure, grow its engineering teams, and increase commercial processing capacity.
Funding Snapshot
| Metric | Details |
|---|---|
| Fundraise Amount | $3.1 million |
| Funding Stage | Undisclosed |
| Company | Maglut Heavy Industries |
| Sector | Critical Minerals / CleanTech |
| Headquarters | Long Beach, California, USA |
| Investors | Wave Function, Nova Threshold, Julian Capital |
RECOMMENDED FOR YOU
About Maglut Heavy Industries
Founded by Curtis Wu and Azhar Yerzhanova, Maglut Heavy Industries is developing a chromatography-based platform to process and refine rare earth elements in the U.S.
Read More:HealthCare Startup Arintra Raises $25M in Series B Funding
The company's ARC-1 system has been validated at pilot scale, separating real-world feedstock into individual rare earth oxides at 99.9% purity or higher.
Core offerings include:
- Rare earth separation
- Chromatography-based refining
- ARC-1 separation system
- Critical mineral processing
Core Technologies / Products / Services
| Capability/Product | Application/Use Case |
|---|---|
| ARC-1 | Rare earth separation |
| Chromatography | Mineral refining |
| Proprietary Resins | Selective element separation |
| Water-Based Processing | Lower-impact refining |
Leadership Comments
"Rare earth processing is one of the clearest examples of a sovereign capability America let atrophy," said Curtis Wu, Co-founder and CEO of Maglut. "The countries that control access to critical minerals will shape the next era of technology.
Read More:California-Based Gatik Raises $200M in Series D Funding Round
Recommended Stories for You
Devin Jacobs Mar 24, 2026
Devin Jacobs May 7, 2026
Startuprise Sep 16, 2025
Devin Jacobs Jan 18, 2024
Startuprise Jan 13, 2026
Trending Stories
DailyPay Announces Appointment of Inbal Shani to its Board of Directors
Market Research NIQ Appoints Irina Stoian as Chief AI Commercial Officer
Massachusetts-Based Dash Bio Scores $30M in Series A Funding
[Funding alert] NYC-based Qortex Secures $10m in Funding
BNSF Railway’s Todd Podell Joins Board of Venti Technologies
Speakeasy Scores $8.8M in funding from Positive Sum to Scale Operations for Live Experiences
Defense-Based K2 Space Raises $500M in Series D Funding Round
[Funding alert] CA-based Proto Hologram Secures an Investment from Cartan Capital
