CoTec affiliate HyProMag USA secures Oncor power capacity for Texas rare earth magnet recycling hub

Bitget2026/10/13 11:07

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CoTec affiliate HyProMag USA secured power capacity with Oncor for its Texas rare earth magnet recycling and manufacturing hub.
Electricity supply is expected to come predominantly from renewable energy resources.
Cutting and finishing operations are targeted for commissioning in H1 2027 using NdFeB magnet blocks supplied from HyProMag Group operations.
Phase 1 is targeted for mid-2028 completion with about 1,034 tpa of total payable production, including 550 tpa of NdFeB magnets.
Phase 2 expansion plans target about 1,526 tpa of total payable production.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoTec Holdings Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610130701ACCESSWRNAPR_____1236154) on October 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoTec affiliate HyProMag USA secures Oncor power capacity for Texas rare earth magnet recycling hub

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