HyProMag USA, supported by Mkango Resources (LSE:MKA), is bringing forward the development of its Texas Hub by introducing magnet finishing capabilities ahead of the launch of its full-scale recycling operations. The company expects to begin commissioning the initial equipment at its Dallas-Fort Worth facility during the first half of 2027, using up to 20 tonnes of neodymium-iron-boron (NdFeB) magnet blocks supplied from its existing operations in the U.K. and Germany. This approach is designed to meet growing demand from U.S. customers while maintaining uninterrupted supply to European markets.
The phased development strategy will see HyProMag USA commission its integrated Hydrogen Processing of Magnet Scrap (HPMS) facility by the second quarter of 2028. Once fully operational, the site is expected to achieve an annual payable capacity of approximately 678 metric tonnes of recycled NdFeB material and produce up to 1,526 tonnes of finished magnetic products. By establishing downstream magnet manufacturing before recycling operations reach full scale, the company aims to reduce execution risk, strengthen relationships with industrial customers and secure long-term feedstock from end-of-life products including electric vehicle motors, industrial rotors and MRI systems. The project represents a significant step in building a domestic U.S. supply chain for recycled rare earth magnets.
More about Mkango Resources
Mkango Resources is a rare earths development company focused on sustainable magnet recycling and manufacturing through its HyProMag business. Operating across the U.K., Germany and the United States, HyProMag is developing facilities that recover and manufacture neodymium-iron-boron magnets used in technologies such as electric vehicles, wind turbines, artificial intelligence infrastructure and advanced electronic devices.
The company’s proprietary Hydrogen Processing of Magnet Scrap (HPMS) technology enables high-value magnet materials to be recovered directly from waste streams using significantly less energy than conventional recycling methods. Through the expansion of its recycling and manufacturing network, Mkango aims to establish a secure, low-carbon supply of critical rare earth magnets for customers across North America and Europe.
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