HyProMag USA LLC has completed pre-feasibility study (PFS) evaluating the potential expansion of its proposed U.S. rare earth magnet manufacturing platform beyond its first plant in Northlake, Texas, which is in detailed engineering, with Phase 1 commissioning expected in mid-2028. HyProMag is developing advanced rare earth magnet recycling and manufacturing operations to establish a secure domestic U.S. supply chain for neodymium iron boron (NdFeB) magnets, essential components for AI infrastructure, defense systems, robotics, electric vehicles, and advanced electronics.
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