Mkango Resources Limited has announced a major milestone for its US subsidiary, HyProMag USA, which has now secured a lease for its first rare-earth magnet recycling and manufacturing facility in the Dallas–Fort Worth region of Texas.
The site spans 128,000 sq ft and is expected to be commissioned by mid-2027. It will deploy HyProMag’s patented HPMS (Hydrogen Processing of Magnet Scrap) technology to extract rare-earth materials from end-of-life products and remanufacture them into new magnets — a key step toward building a domestic, circular supply chain for critical NdFeB magnets in the United States.
Key details of the planned facility include:
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Annual output: ~750 tonnes of recycled NdFeB magnets
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Co-products: ~807 tonnes per year
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Operational lifespan: 40 years
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Employment: 90–100 skilled jobs
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Carbon footprint: 2.35 kg CO₂-equivalent per kg of product, significantly lower than conventional production
Julian Treger, CoTec CEO commented: “Finalising 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.“
Will Dawes, Mkango CEO & HyProMag USA Director commented: “The Texas Facility being developed by HyProMag USA will help to transform rare-earth supply chains in the United States. Together with our partners, we’re building the foundation for a resilient domestic magnet sector that supports the next generation of clean energy and technology manufacturing.”
A fly over of the facilities location can be found at https://youtu.be/J8RHkZSfo0Y
