HyProMag USA to Lease 128,000 sq ft Texas Facility for Magnet Recycling

HyProMag USA Secures Major Lease for Texas Rare Earth Magnet Facility

HyProMag USA has taken a significant step forward by securing a long-term lease for a 128,000 square-foot facility in the Ironhead Commerce Center, Dallas-Fort Worth, Texas. This site will serve as a central hub for recycling and remanufacturing rare-earth permanent magnets, contributing to the domestic supply chain of critical minerals.

The facility, using the patented Hydrogen Processing of Magnet Scrap (HPMS) technology, is expected to be commissioned by mid-2027, pending final permitting and financing. The project aims to create approximately 90-100 skilled jobs in the fields of magnet manufacturing, engineering, and advanced materials processing.

Julian Treger, Chief Executive of CoTec, remarked, “Finalizing the Texas Facility lease represents another major milestone in HyProMag USA’s mission to deliver a secure, sustainable rare-earth magnet supply chain in the United States. With the site secured and local partnerships in place, we’re moving decisively toward completing financing, construction and the first commercial-scale production of recycled magnets in the United States.”

The Texas Facility will occupy 50% of Building 1 at the Ironhead Commerce Center and is strategically positioned next to key infrastructure, including the BNSF intermodal rail link and Alliance airport. This positioning supports HyProMag USA’s plan for a hub-and-spoke network, which will include pre-processing sites in Nevada and South Carolina.

HyProMag USA has partnered with Intelligent Lifecycle Solutions to stockpile magnet-bearing materials, ensuring a steady supply of feedstock for the facility’s operations.

Market and Industry Context

HyProMag USA’s new facility is part of a broader strategy to establish a fully domestic, circular supply chain for rare-earth magnets, critical for revitalizing U.S. industry. The modular design of the facility allows for scalability and replication across the United States, reducing reliance on international sources for rare-earth materials.

Company and Project Background

HyProMag USA is a joint venture between CoTec Holdings Corp. and HyProMag Limited, the latter being fully owned by Maginito Limited. This venture focuses on leveraging breakthrough technologies for resource extraction and recycling to enhance supply chain security and sustainability.

The project’s feasibility study indicates an expected annual production capacity of 750 metric tons of recycled sintered NdFeB magnets and 807 metric tons of associated NdFeB co-products, aiming for a total of 1,557 metric tons of NdFeB within five years of commissioning.

Environmental and Economic Impact

An independent ISO-compliant product carbon footprint study revealed a notably low CO2 footprint for the facility’s products, aligning with the project’s sustainability goals. HyProMag USA’s operations are anticipated to boost the local economy by creating jobs and establishing a critical mineral supply chain in the U.S.

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