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Commissioning of Inserma hard disk drive magnet pre-processing system at the ILS facility in Williston, South Carolina
Operational milestone advances U.S. rare earth magnet recycling platform and supports domestic supply chains for advanced manufacturing and AI infrastructure
The Williston site houses two automated Inserma pre-processing units that separate magnet assemblies from end-of-life hard disk drives in approximately three seconds per drive, with combined capacity exceeding 60,000 drives per week.
Equipment delivery supports commissioning pathway for planned U.S. rare earth magnet recycling platform; on-site operational milestone events expected following commissioning
UK Minister for Industry opens HyProMag UK's first commercial scale rare earth sintered magnet manufacturing facility
Facility derisks HyProMag USA roll out and accelerates opportunity for U.S. customer magnet product verification
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 NPV and 38.7% real IRR for expanded developments, based on forecast market prices[i], support commencement of pre-feasibility studies for the expansions
Texas Facility Expansion Increases Magnet Capacity, Supports Domestic Critical-Minerals Supply Chains and Increases Post-Tax NPV to US$780 million (forecast prices) and US$409 million (current prices)
Milestone Advances U.S. and Secures Location for Flagship Texas Facility Supporting Domestic Critical-Minerals Supply Chains
