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HyProMag USA Advances North Texas Rare Earth Magnet Facility With First Major Equipment Delivery

  • HyProMag USA LLC delivered its first major process equipment to the Northlake Texas Facility in Northlake, Texas.
  • The facility targets approximately 1,526 metric tons of annual production of recycled NdFeB magnets & 100 direct jobs.
  • The company secured a long-term lease for the site in December 2025 & electrical power capacity through Oncor Electric Delivery Company LLC.
  • Initial magnet cutting & finishing operations are targeted for the first half of 2027, with Phase 1 commissioning scheduled for mid-2028.
  • An Expansion Pre-Feasibility Study confirmed potential to reach 4,192 metric tons of NdFeB magnet production & 6,000 metric tons of total salable materials annually by 2034 across four plants.
  • The project utilizes HPMS technology, which uses 88% less energy & reduces carbon emissions by 85% compared to conventional methods.
  • HyProMag USA LLC is owned 50:50 by CoTec Holdings Corp. & HyProMag Limited, with HyProMag Limited 100% owned by Maginito Limited.
Company
HyProMag USA
Keywords
Metals & Mining, Company Update