The document summarizes a project called REE4EU that aims to develop a process for extracting rare earth elements from permanent magnets and nickel metal hydride battery waste to strengthen the European rare earth element supply chain. The process involves using high temperature electrolysis and ionic liquid extraction. In the first year of the project, lab-scale integration of these steps was completed and an engineering design for the industrial-scale process was developed. A report on stakeholders in the rare earth element value chain was also produced to help with dissemination efforts.