CoTec Holdings' HyProMag USA Unveils Major Expansion, $2.18B Potential Value

Published: Jan 13, 2026 16:01

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CoTec Holdings (TSE:CTH) announced that it holds a majority stake in HyProMag USA. HyProMag USA has completed a conceptual study for the expansion of its South Carolina and Nevada hubs. By 2029, the company's total NdFeB magnet and alloy production in the US is expected to increase from 1,552 mt per year to 4,656 mt, complementing its first plant in Texas and supporting a scalable domestic recycling and manufacturing platform. The expansion plan has now entered the pre-feasibility work stage, outlining three modular production scenarios across the three hubs in Texas, South Carolina, and Nevada. Based on projected prices, the conceptual after-tax net present value reaches up to $2.18 billion, with a real internal rate of return of 38.7%. This indicates strong economics supporting the accelerated build-out of US rare earth magnet capacity and reinforces HyProMag USA’s positioning in strengthening domestic supply chain resilience and preparing for a future public listing.

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