HyProMag USA Finalizes Long Term Lease for Dallas-Fort Worth Rare Earth Magnet Recycling and Manufacturing Hub

Core Viewpoint - CoTec Holdings Corp. announces the finalization of a lease agreement for a rare-earth magnet recycling and manufacturing facility in Dallas-Fort Worth, Texas, through its joint venture HyProMag USA, which supports domestic critical-minerals supply chains [1] Company Developments - HyProMag USA, a U.S.-based joint venture of CoTec, is focused on rare earth permanent magnet recycling and manufacturing [1] - The new facility in Texas is part of a strategic initiative to enhance the domestic supply chain for critical minerals [1] Industry Implications - The establishment of the facility is expected to contribute to the growing demand for sustainable and domestic sources of rare earth materials, which are essential for various high-tech applications [1]