RE: RNS out7 Jul 2025 07:04
In parallel with development of the UK Plant, HyProMag is rolling out HPMS technology into Germany and the USA, and is also evaluating other jurisdictions including Japan, Canada and South Korea. In Germany, HyProMag GmbH ("HyProMag Germany") is developing a rare earth magnet recycling and manufacturing plant at Pforzheim (the "Pforzheim Plant"), with first production targeted by the end of 2025. HyProMag USA LLC ("HyProMag USA") completed a feasibility study in 2024 for a rare earth magnet recycling and manufacturing operation in the USA, with detailed engineering currently underway and first production targeted for H1 2027.