A historic groundbreaking ceremony was held this week in downtown Amarillo.
The CVMR Texas and Amarillo Economic Development Corporation hosted a event to introduce the first Environmentally Neutral Industrial Scale Critical Minerals Refinery in the U.S.
After multiple agreements were passed, including tax abatements and location incentive agreements, by both the Potter County Commissioners Court and the Amarillo City Council, CVMR Inc. will officially be bringing its new facilities to Amarillo.
The CVMR is a privately held, metal refining technology provider that is also engaged in mining and refining mineral resources in 18 countries.
CVMR or Chemical Vapor Metal Refining, is a group of companies in 20 different countries that specializes in refining rare-earth metals. The company is a world leader in metal powder production.
The facility is expected to be around 500,000 square feet on 540 acres located at US Hwy 60.
For more information visit amarilloedc.com