Reetec As
Financials
Estimates*
NOK | 2022 |
---|---|
Revenues | <1m |
Profit | (32.8m) |
% profit margin | (31869 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
Total Funding | - |
Recent News about Reetec As
EditREEtec is a pioneering company in the rare earth elements (REE) industry, focusing on the development and operation of high-purity REE separation plants. The company primarily serves clients in the high-tech and green energy sectors, including manufacturers of electric vehicles and wind generators, where rare earth magnets are essential. Operating within the industrial and technological markets, REEtec employs a unique and innovative separation process that has been successfully scaled from laboratory to pilot and industrial demo plants. The business model revolves around the production and sale of high-purity rare earth oxides (REO), with revenue generated through long-term offtake agreements with key partners such as Vital Metals. REEtec's strategic focus on high-quality, sustainable REE production positions it as a critical player in the global transition to green energy.
Keywords: rare earth elements, high purity, separation technology, green energy, electric vehicles, wind generators, industrial plant, offtake agreements, sustainable production, high-tech devices.