The proposed addition of a third HPMS vessel to the HyProMag USA hub-and-spoke rare-earth magnet recycling project design appears a no-brainer given its potential to deliver a c.50% increase in output for just a c.6% rise in capex. We also welcome plans for further expansion and the addition of complementary long-loop chemical processing, which would broaden the product suite and further strengthen HyProMag USA’s competitive positioning.
