Stillwater Rare Earth Magnet Facility
Sector: Aerospace & Defense • Location: Stillwater, Oklahoma, United States
Source: KOKH
USA Rare Earth's magnet facility in Stillwater, Oklahoma, was announced in 2022 as a key part of building a domestic supply chain for critical materials used in smartphones and national defense. The project promised production by 2023 but is still not fully operational in 2026, with full capacity expected by the end of 2026 or into 2027. The facility has been commissioned and is producing producti
- Status
- Prospective
- Sector
- Aerospace & Defense, Warehouse, Manufacturing (Industrial), Commercial
- Location
- Stillwater, Oklahoma, United States of America
- Updated
- 22 Jul 2026
- Source
- KOKH
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Project Information
Participants
| Not available for this record. |
Status
Original status | under development |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | USA Rare Earth's magnet facility in Stillwater, Oklahoma, was announced in 2022 as a key part of building a domestic supply chain for critical materials used in smartphones and national defense. The project promised production by 2023 but is still not fully operational in 2026, with full capacity expected by the end of 2026 or into 2027. The facility has been commissioned and is producing production-grade magnets while ramping up operations. The project has received significant public support including $1.2 million from the State of Oklahoma, local tax incentives, and up to $7 million from the City of Stillwater through a tax increment financing agreement. The city funding is structured as a loan repaid through tax revenue generated by the project, dependent on full production and economic activity. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | Oklahoma |
City | Stillwater |
Source
Source | KOKH |
URL |
More Details
Record type | Project |
Sector | Aerospace & Defense, Warehouse, Manufacturing (Industrial), Commercial |
Article published date | 2026-04-24 |
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