Following Completion of Expansion Concept Studies HyProMag USA Advances Expansion to Three States Supporting a Path to Triple U.S. Rare Earth Magnet Capacity by 2029

The Mining News
January 12, 2026
12:28 am

Completed concept studies for expansion of South Carolina and Nevada hubs, increasing total HyProMag USA magnet and alloy production from 1,552 metric tons NdFeB to 4,656 metric tons NdFeB per annum, supporting scalable U.S. manufacturing strategy and reinforcing momentum towards a planned U.S. public listingGreater than $2 billion post-tax NPV and 38.7% real IRR for expanded developments, based on forecast market pricesi, support commencement of pre-feasibility studies for the expansions

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