Modular, Scalable & Flexible
Unlike capital-intensive traditional magnet recyclers, our production units can be deployed, replicated, and scaled rapidly across the US, producing multiple magnet grades simultaneously.
Designed for permanence Rare-earth magnet recycling & production
Our Story
HyProMag USA is a rare-earth magnet recycling and manufacturing company that aims to create a secure, domestic, and scalable magnet supply from end-of-life materials. Operating in the United States, we offer a more reliable and resilient alternative to conventional magnet production, building for scale and long-term industrial demand.
HyProMag USA is owned equally by CoTec Holdings Corp. (TSXV: CTH; OTCQX: CTHCF) and HyProMag Limited, a subsidiary of Maginito Limited and ultimately Mkango Resources Limited (AIM/TSX-V: MKA), bringing together proven technology, deep industry expertise, and long-term strategic backing.
About Us3,000+ magnets
Produced to date at the pilot facility
15+ years
Technology development with demonstrated success
Up to 88%
Lower energy use than conventional production
$100+ million
Invested in R&D backing innovation & capability
Empowering U.S. supply chain security and building the future
A de-risked, modular path to scaling
Our Approach
We aim to create a reliable and repeatable domestic supply of rare-earth magnets through a modular approach that drastically reduces scaling risk. Each U.S. module mirrors operating reference plants in UK & Germany, making the scaling path predictable and low-risk.
Our technology
Leading with trust Anchored in innovation
Hydrogen Processing of Magnet Scrap (HPMS) is a patented and revolutionary hydrogen-based technology that extracts Neodymium Iron Boron (NdFeB) magnet material from electronic and industrial waste.
This short-loop, magnet-to-magnet process enables faster, more energy-efficient domestic production while reducing material loss and operational risk compared to conventional long-loop methods.
Our Technology
The HyProMag advantage
Speed to Market with Strong Economics
By focusing on recycling waste, we bypass the 10-15 year timelines of mining or long-loop processing, enabling efficient throughput and strong margins.
Short & Swift Process
We streamline the production from typically 24 steps to just 5, while producing higher-value finished magnets than most other producers.
Strategic Fit for US Corporates
Our process is designed to integrate directly into large US manufacturing ecosystems while creating a secure domestic loop.
Supported by a shared vision of progress
Government Support
Selected under the Minerals Security Partnership, HyProMag USA is one of 17 projects advancing the critical minerals sector.
Feedstock Partner
Pre-processing facilities co-located in South Carolina and Nevada for feedstock stockpiling commenced in August 2025.
Technology Partner
15+ years of collaboration for R&D support and technology development with $100M+ invested in HPMS technology.
Experience you can count on
Our Leadership
News & Announcements
Explore the latest announcements, project milestones, media coverage, and industry insights as we advance in domestic rare-earth magnet supply.
More from HyProMagContact
If you are interested in securing the future of rare-earth magnet supply, we welcome the conversation.
200 Continental Dr, Newark, DE, 19713, USA