The Texas Construction News staff writer
DALLAS-FORT WORTH— HyProMag USA, LLC has finalized a long-term lease agreement for a new rare earth magnet recycling and manufacturing facility in Denton County, marking a significant step toward establishing a domestic supply chain for critical magnetic materials.
The facility will occupy approximately 128,000 sq. ft. at the Ironhead Commerce Center, encompassing 50 percent of Building 1. Strategically located near the BNSF intermodal rail link and Alliance Airport, the site will serve as the central hub for the company’s U.S. operations.
The facility will utilize patented Hydrogen Processing of Magnet Scrap (HPMS) technology to recover and remanufacture rare earth magnets from end-of-life products. Commissioning of the plant is targeted for mid-2027, subject to final permitting and financing.
“Finalizing the Texas Facility lease represents another major milestone in HyProMag USA’s mission to deliver a secure, sustainable rare-earth magnet supply chain in the United States,” said Julian Treger, Chief Executive of CoTec, a joint venture partner in the project. “With the site secured and local partnerships in place, we’re moving decisively toward completing financing, construction and the first commercial-scale production of recycled magnets in the United States.”
Once operational, the facility is expected to create between 90 and 100 skilled jobs in manufacturing, engineering, and advanced materials processing. The plant is projected to have an annual production capacity of 750 metric tons of recycled sintered neodymium-iron-boron magnets.
