HyProMag USA Finalizes Long Term Lease for Dallas-Fort Worth Rare Earth Magnet Recycling and Manufacturing Hub
Rhea-AI Summary
CoTec (OTCQB:CTHCF) noted that HyProMag USA finalized a long-term lease for a 128,000 sq ft Texas facility at Ironhead Commerce Center in Dallas-Fort Worth to recycle and remanufacture rare-earth permanent magnets. The site sits next to BNSF intermodal rail and Alliance airport and will occupy 50% of Building 1. HyProMag USA plans to use the licensed HPMS hydrogen processing technology and aims to commission the Texas Facility by mid-2027, subject to final permitting and financing. The project expects to create ~90–100 skilled jobs, will act as a central hub for a hub-and-spoke network with pre-processing sites in Nevada and South Carolina, and has a feedstock partnership with Intelligent Lifecycle Solutions, which is stockpiling magnet-bearing materials.
Positive
- 128,000 sq ft leased for Texas facility
- Targets mid-2027 commissioning
- Plans to create 90–100 skilled jobs
- Exclusive HPMS technology license for U.S. operations
- Feedstock partnership with Intelligent Lifecycle Solutions
Negative
- Commissioning target is subject to final permitting and financing
- Occupies only 50% of Building 1, limiting initial capacity
- No financing or firm construction start date disclosed
Key Figures
Market Reality Check
Peers on Argus
No peer stocks or sector momentum flags were detected, suggesting the setup before this announcement reflected company-specific factors rather than a broader sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 26 | Pilot plant results | Positive | +4.8% | MagIron pilot plant tests delivered high iron recoveries versus prior operations. |
| Nov 19 | Quarterly filings | Positive | +6.4% | Q3 financials, HyProMag USA progress and oversubscribed LIFE financing disclosed. |
| Nov 19 | Feedstock agreement | Positive | +6.4% | HyProMag USA expanded feedstock supply with ILS for rare earth magnet materials. |
| Nov 11 | Board appointment | Positive | -1.4% | New independent director appointed for CoTec Québec and Lac Jeannine support. |
| Nov 06 | Investor update call | Neutral | -10.6% | Announcement of investor update covering HyProMag USA and Lac Jeannine progress. |
Operational and project advancement news has often aligned with positive price reactions, while governance and event-related updates have shown more mixed or negative reactions.
Over the last few weeks, CoTec reported several project and corporate milestones. On Nov 26, pilot plant tests at MagIron showed strong iron recoveries and lifted the stock about 4.85%. On Nov 19, Q3 filings and financing updates coincided with a roughly 6.38% gain, alongside positive reaction to a HyProMag USA feedstock agreement. Board changes on Nov 11 and an investor update announcement on Nov 6 saw negative reactions. Today’s Texas facility lease builds on this recent stream of HyProMag-related development news.
Market Pulse Summary
This announcement finalizes a long-term lease for HyProMag USA’s flagship Texas rare earth magnet recycling hub, targeting commissioning by mid-2027 and creating 90 to 100 skilled jobs. It advances CoTec’s recent stream of HyProMag-related milestones, following feedstock and engineering updates in November. Investors may watch for permitting outcomes, financing arrangements, and progress on the planned hub-and-spoke network to assess how quickly this 128,000-square-foot facility translates into commercial-scale recycled magnet production.
Key Terms
hydrogen processing of magnet scrap ("HPMS") technical
AI-generated analysis. Not financial advice.
Milestone Advances U.S. and Secures Location for Flagship Texas Facility Supporting Domestic Critical-Minerals Supply Chains
VANCOUVER, BC / ACCESS Newswire / December 11, 2025 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to note today's press release by HyProMag USA, LLC ("HyProMag USA"), its U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company.
HyProMag USA announced it has finalized the lease agreement for its proposed rare-earth magnet recycling and manufacturing facility in Dallas-Fort Worth, Texas.
Julian Treger, Chief Executive of CoTec commented: "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. 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."
HyProMag USA's first facility (the "Texas Facility" or the "Project") will be located at Ironhead Commerce Center, Building 1, Dallas-Fort Worth, Denton County, Texas. The Project site is strategically located next to critical infrastructure, the BNSF intermodal rail link and the Alliance airport. The milestone marks the next phase in HyProMag USA's Project expansion and underscores its commitment to building a fully domestic, circular supply chain for rare-earth magnets critical to revitalizing U.S. industry and to provide a long-term domestic supply of critical minerals.
The Texas Facility will leverage the patented Hydrogen Processing of Magnet Scrap ("HPMS") technology - developed by the Magnetic Materials Group at the University of Birmingham with over 25 years of R&D and exclusively licensed to HyProMag Limited, a
HyProMag USA will occupy 50 percent of Building 1 at Ironhead Commerce Center, approximately 128,000 square feet. The Texas Facility will serve as the central hub of HyProMag USA's hub-and-spoke short-loop network, which includes planned pre-processing facilities in Nevada and South Carolina. The Project's modular design allows for faster replication across the U.S., providing a more scalable blueprint for restoring rare-earth magnet production and reducing reliance on overseas sources.
For further information, please refer to HyProMag USA's press release, available at: www.hypromagusa.com
A fly over of the facility's location can be found here: https://www.youtube.com/watch?v=J8RHkZSfo0Y
About HyProMag USA
HyProMag USA, LLC is owned 50:50 by CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) and HyProMag Limited. HyProMag Limited is
For more information, please visit www.hypromagusa.com
HyProMag USA Feasibility Study
The independent Feasibility Study on the development of a state-of-the-art rare earth magnet recycling and manufacturing operation in the United States includes the Texas Facility, and two pre-processing facilities located in South Carolina and Nevada respectivelyi . In March 2025, HyProMag USA announced the expansion of the detailed engineering phase to include three HPMS vesselsii and that it was initiating concept studies for further expansion and complementary "Long Loop" recyclingiii . The Texas Facility's annual production is expected to be 750 metric tons per annum of recycled sintered NdFeB magnets and 807 metric tons per annum of associated NdFeB co-products (total payable capacity - 1,557 metric tons NdFeB within five years of commissioning) over a 40-year operating life. It is expected the Texas Facility will provide significant optionality to supply the U.S. market with additional NdFeB alloy powder while assisting in revitalizing the U.S. magnet sector with the creation of 90-100 skilled magnet manufacturing jobs.
In March 2025, HyProMag USA announced the results of an independent ISO-Compliant product carbon footprint study which confirmed an exceptionally low CO2 footprint of 2.35 kg CO2 eq. per kg of NdFeB cut sintered block productiv .
In August 2025, HyProMag USA announced ILS had formally commenced its stockpiling of feedstock initiative pursuant to the recently announced feedstock supply and pre-processing site share agreement between HyProMag USA and ILS.
In September 2025, HyProMag USA announced the commissioning of a concept study to evaluate the expansion of its operations into Nevada and South Carolina in collaboration with ILSv and the commissioning of a concept study to evaluate long-loop recycling with Worley Group Incvi .
About CoTec
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) is redefining the future of resource extraction and recycling. Focused on rare earth magnets and strategic materials, CoTec integrates breakthrough technologies with strategic assets to unlock secure, sustainable, and low-cost supply chains for the United States and its allies.
CoTec's mission is clear: accelerate the energy transition while strengthening U.S. economic and national security. By investing in and deploying disruptive technologies, the Company delivers capital-efficient, scalable solutions that transform marginal assets, tailings, waste streams, and recycled products into high-value critical minerals.
From its HyProMag USA magnet recycling joint venture in Texas, to iron tailings reprocessing in Québec, to next-generation copper and iron solutions backed by global majors, CoTec is building a diversified portfolio with long-term growth, rapid cash flow potential, and high barriers to entry. The result is a game-changing platform at the intersection of technology, sustainability, and strategic materials.
For more information, please visit www.cotec.ca
For further information, please contact:
Braam Jonker - (604) 992-5600
Forward-Looking Information Cautionary Statement
Statements in this press release regarding the Company and its investments which are not historical facts are "forward-looking statements" which involve risks and uncertainties, including statements relating to the Texas Facility, Feasibility Study, potential future employment and production, the entering of the lease agreement for the Texas Facility and management's expectations with respect to its current and potential future investments, including HyProMag USA, and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements, due to known and unknown risks and uncertainties affecting the Company, including but not limited to resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company please refer to "Risk Factors" in the Company's filing statement dated April 6, 2022, a copy of which may be found under the Company's SEDAR profile at www.sedar.com. The Company assumes no responsibility to update forward-looking statements in this press release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company's continuous disclosure documents which are available on SEDAR at www.sedarplus.ca .
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
iii Conventional leach, extraction purification and precipitation process
v https://hypromagusa.com/hypromag-usa-to-commission-scoping-study-to-triple-capacity/
SOURCE: CoTec Holdings Corp.
View the original press release on ACCESS Newswire
FAQ
What did CoTec (CTHCF) announce on December 11, 2025 about HyProMag USA's Texas facility?
When does HyProMag USA expect the CTHCF-backed Texas Facility to be commissioned?
How many jobs will the HyProMag USA Texas Facility create according to the announcement for CTHCF investors?
What technology will HyProMag USA use at the new CTHCF-linked Texas plant?
How will the Texas Facility fit into HyProMag USA's broader CTHCF strategy?
Does HyProMag USA have feedstock to support CTHCF's planned U.S. operations?
