HyProMag UK's Facility Boosts Rare Earth Recycling and Manufacturing

The HyProMag UK's first commercial-scale rare earth sintered magnet manufacturing facility was inaugurated by the UK Minister for Industry. Situated in Tyseley Energy Park, this facility marks a significant advancement in the separation and recycling of rare earth magnets. It utilizes the exclusive HPMS technology from the University of Birmingham and HyProMag, enhancing recycling capabilities in the UK.

This development is a key step for HyProMag USA, accelerating its rollout in the U.S. and improving customer product verification. The UK Facility stands alone as the only commercial-scale rare earth sintered magnet manufacturing site in the UK and has the capacity to recover and produce significant volumes of material annually.

CoTec Holdings Corp. holds a substantial interest in HyProMag USA. The company is actively progressing with plans for expansion in the U.S., reflecting the growing demand for sustainable recycling solutions. HyProMag USA is poised to become a significant player as it advances towards a commercial footprint in the United States.