HyProMag USA Rare Earth Magnet Recycling and Manufacturing Project
Sector: Manufacturing (Industrial) • Location: Texas, South Carolina, Nevada, United States
Source: ACCESS Newswire
HyProMag USA is advancing detailed engineering design for a rare earth magnet recycling and manufacturing facility in Texas, USA. The project scope has been extended to include three HPMS vessels increasing production capacity. Expansion plans include additional facilities in South Carolina and Nevada. The Notice to Proceed is expected in Q1 2026 with commissioning targeted for mid-2027. The proje
- Status
- Detailed engineering design ongoing
- Sector
- Manufacturing (Industrial)
- Location
- Texas, South Carolina, Nevada, United States of America
- Updated
- 22 Jul 2026
- Source
- ACCESS Newswire
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Project Information
Participants
| Not available for this record. |
Status
Original status | detailed engineering design ongoing |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | HyProMag USA is advancing detailed engineering design for a rare earth magnet recycling and manufacturing facility in Texas, USA. The project scope has been extended to include three HPMS vessels increasing production capacity. Expansion plans include additional facilities in South Carolina and Nevada. The Notice to Proceed is expected in Q1 2026 with commissioning targeted for mid-2027. The project has received a finance letter of interest from the U.S. Export-Import Bank for potential financing of up to $92 million. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | Texas, South Carolina, Nevada |
Source
Source | ACCESS Newswire |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial) |
Article published date | 2025-12-03 |
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