HyProMag USA receives first major equipment for North Texas rare earth magnet facility

Who's involved

• HyProMag USA LLCoperator of rare earth magnet recycling and manufacturing facility
• CoTec Holdings Corp.joint venture partner
• Julian TregerChief Executive Officer of CoTec

The facts

• HyProMag USA secured a long-term lease agreement for the Northlake facility in December 2025.^{1 2 3} Stated by 3 sources
• The facility is located at Ironhead Commerce Center, Building 1, in Denton County.^{1 2 3} Stated by 3 sources
• The facility targets approximately 1,526 metric tons of annual production.^{1 2 3} Stated by 3 sources
• The facility is expected to create approximately 100 direct jobs.^{1 2 3} Stated by 3 sources
• Electrical power capacity has been secured through Oncor Electric Delivery Company LLC.^{1 2 3} Stated by 3 sources
• Initial magnet cutting and finishing operations are targeted for the first half of 2027.³
• Phase 1 integrated recycling and manufacturing operations commissioning is targeted for mid-2028.³

Who said what

These are statements and claims made by the people involved. They are reported, not verified.

• Julian Treger, CEO of CoTec The facility will strengthen U.S. manufacturing capacity and contribute to a secure rare earth magnet supply chain.^{1 2}