HyProMag USA Finalizes Long Term Lease for Dallas-Fort Worth Rare Earth Magnet Recycling and Manufacturing Hub

Executive Summary

• HyProMag USA, the U.S. joint‑venture of CoTec Holdings, finalized a lease for its flagship rare‑earth magnet recycling and manufacturing facility in Dallas‑Fort Worth, Texas.
• The 128,000 sq ft Texas Facility will serve as the hub of a planned “hub‑and‑spoke” network that includes pre‑processing sites in Nevada and South Carolina, with commissioning targeted for mid‑2027 pending permitting and financing.
• The project is expected to create ~90–100 skilled jobs and achieve an annual production capacity of 750 t of recycled NdFeB magnets plus 807 t of co‑products (total payable capacity 1,557 t within five years).

Key Details

• Lease Agreement: HyProMag USA will occupy 50 % of Building 1 at Ironhead Commerce Center, Denton County, Texas (~128,000 sq ft).
• Strategic Location: Adjacent to BNSF intermodal rail link and Alliance Airport, facilitating feedstock logistics.
• Technology: Facility will employ patented Hydrogen Processing of Magnet Scrap (HPMS) technology licensed from the University of Birmingham.
• Production Targets: 750 t/yr recycled sintered NdFeB magnets; 807 t/yr NdFeB co‑products; total payable capacity 1,557 t within five years of commissioning; 40‑year operating life.
• Job Creation: Anticipated 90–100 skilled positions in magnet manufacturing, engineering, and advanced materials processing.
• Financing & Permitting: Commissioning slated for mid‑2027, subject to final permitting and financing arrangements.
• Feedstock Supply: Expanded partnership with Intelligent Lifecycle Solutions (ILS) – ILS is stockpiling magnet‑bearing material to support U.S. operations.
• Network Expansion: Texas Facility will act as central hub for a short‑loop network; pre‑processing facilities planned in Nevada and South Carolina. Modular design enables rapid replication across the United States.
• Feasibility Study Highlights (referenced): Annual production capacity, low carbon footprint (2.35 kg CO₂‑eq/kg NdFeB product), and economic robustness of the project.

Notable Quotes

“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.” – Julian Treger, Chief Executive, CoTec Holdings Corp.