Company Starts Long-Lead Equipment Procurement, Increases Projected Magnet Production, and Progresses U.S. Build-Out HyProMag USA, LLC ('HyProMag USA' or the 'Company'), a U.S.-based leader in rare earth magnet recycling and manufacturing, today provided an update on the development of its Ironhead facility (the 'Texas Hub') and the build-out of its U.S. commercial platform (together, the 'Project').