HyProMag USA Timeline

Events

• 2026-07-27 - Production Milestone - HyProMag USA fast-tracks Texas magnet-finishing commissioning - Initial finished-magnet equipment commissioning and production are targeted for the first half of 2027. The phased plan brings finishing capability forward while the wider Texas Hub continues development. The production date remains a target, not completed… - source: mkango.ca
• 2026-06-22 - Production Milestone - HyProMag USA starts long-lead equipment procurement - Procurement followed completion of the Class 2 cost estimate. H2 2027 commissioning remains a project target, not operating production. - source: hypromagusa.com
• 2025-12-11 - Production Milestone - HyProMag USA secures Texas Hub lease - HyProMag USA finalized a long-term lease for approximately 128,000 square feet at Ironhead Commerce Center in Dallas–Fort Worth. The site is planned as the central recycling and magnet-manufacturing hub. Commissioning in 2027 remains subject to permitting… - source: hypromagusa.com
• 2024-01-03 - Company Formation - CoTec and Maginito form HyProMag USA joint venture - CoTec Holdings and Maginito formed HyProMag USA as a 50:50 U.S. joint venture to commercialize HPMS magnet recycling. The joint venture was announced on 3 January 2024. HyProMag sublicensed its HPMS technology to the U.S. venture. - source: maginito.com