{"id":141788,"title":"Mkango’s HyProMag USA Secures Power for Texas Rare Earth Magnet Hub","publisher":"Share Talk","author":"sharetalk","published":"2026-10-13T11:24:49+00:00","modified":"2026-10-13T11:24:49+00:00","canonical_url":"https://www.share-talk.com/mkangos-hypromag-usa-secures-power-for-texas-rare-earth-magnet-hub/","markdown_url":"https://www.share-talk.com/mkangos-hypromag-usa-secures-power-for-texas-rare-earth-magnet-hub.md","json_url":"https://www.share-talk.com/mkangos-hypromag-usa-secures-power-for-texas-rare-earth-magnet-hub.json","category":"Mining","categories":["Mining"],"tags":["Africa","Alexander Lemon","anaesthetic machine","base metals","Blantyre","CapeTown","Cobalt","Dr Paul Armitage","drilling","ERMA","Gold","Graphite","hand-auger","HyProMag GmbH","Leon Louw","Lithium","Maginito","magnet recycling","Malawi","Mercy James Centre","MiningIndaba","MKA","Mkango","Mkango Magnetic Materials","mkango resources","Nickel","NobleGroup","Poland","Queen Elizabeth Central Hospital","rare earth","Rare Earth Magnets","RareEarths","Recycled","REE","rutile","Songwe Hil","Songwe Hill","Talaxis","TSX Venture Exchange","URANIUM","William Dawes"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/10/8b89ddf5-6baf-4a9c-9228-8e63d5673ed0.png?fit=1727%2C911&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Mkango Magnetic Materials Ltd. (AIM/TSX-V: MKA)](https://www.investegate.co.uk/announcement/rns/mkango-resources--mka/hypromag-usa-secures-power-and-advances-project-/9820597) said HyProMag USA has secured power capacity with **Oncor Electric Delivery Company** for its planned Texas rare earth magnet recycling and manufacturing hub.\n\nThe power allocation covers the initial cutting and finishing operation and the proposed **Phase 1 development**, with a pathway to additional capacity for Phase 2 through a substation upgrade.\n\nHyProMag USA expects the electricity supplied to the facility to come predominantly from **renewable energy sources**.\n\n**PegasusTSI** has started a contractor-selection process for the cutting and finishing facility, while **Weston Solutions** is progressing permitting activities.\n\nThe first stage is targeted for commissioning during **the first half of 2027**.\n\nThat operation will not initially manufacture magnet blocks from recycled material in Texas. Instead, it is designed to **cut, finish and qualify NdFeB magnet blocks supplied from other HyProMag Group operations**.\n\nThe facility is intended to establish US finishing capability, customer qualification processes and workforce training ahead of the larger integrated development.\n\nHyProMag USA plans to operate to recognised magnetic-material and quality standards, including **ASTM A977/A977M** and systems aligned with ISO 9001.\n\nThe larger **Phase 1 Texas Hub is targeted for completion in mid-2028**. It is designed to produce approximately **550 tonnes per annum of sintered NdFeB magnet blocks and finished magnets**, together with around 484 tonnes of co-products, giving approximately **1,034 tonnes per annum of total payable production**.\n\nA subsequent Phase 2 expansion envisages approximately **1,048 tonnes per annum of NdFeB magnet blocks and cylinders** plus 478 tonnes of co-products, taking total payable production to approximately **1,526 tonnes per annum**.\n\nImportantly, those figures are **design capacities rather than current production or confirmed future output**.\n\nCoTec chief executive **Julian Treger** said securing power, advancing permitting and commencing contractor selection further de-risk the project and support the goal of establishing a domestic US rare earth magnet supply chain.\n\nFor investors, the significance is that the Texas Hub is moving from engineering and planning towards **site infrastructure, permitting and contractor procurement**.\n\nThe next tangible milestones are the award of construction contracts, permitting progress and successful commissioning of the **initial cutting and finishing operation in H1 2027**, followed by execution of the larger integrated Phase 1 development targeted for 2028."}