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Companies complete study for HyProMag USA project, aiming to recycle rare earth magnets, with $262M post-tax NPV.
Mkango Resources and CoTec Holdings have completed a feasibility study for the HyProMag USA project, which focuses on recycling rare earth magnets using patented HPMS technology.
The study shows strong financials, with a $262 million post-tax NPV and a 23% real IRR based on current prices.
The $125 million project, set for completion by Q1 2027, aims to produce recycled NdFeB magnets in the U.S., creating about 90 jobs.
It could be replicated across the country.
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Las empresas completan el estudio para el proyecto HyProMag USA, con el objetivo de reciclar imanes de tierras raras, con $262M post-tax NPV.