Rare earth magnet expansion
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Mkango Resources Limited - Hypromag USA Advances Expansion To Three States
Accessnewswire· 2026-01-12 07:10
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 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 listing Greater than $2 billion post-tax NP ...