CoTec Notes Portfolio Company HyProMag USA Commissions Rare Earth Magnet Recycling System

Milestone advances U.S. rare earth magnet recycling platform and domestic supply chains

Mar. 16, 2026 at 11:10am

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CoTec Holdings Corp. announced that its U.S. joint venture HyProMag USA has commissioned an Inserma hard disk drive magnet pre-processing system at its facility in Williston, South Carolina. The system can separate magnet assemblies from end-of-life hard drives at a rate of over 60,000 drives per week, supporting HyProMag USA's broader strategy to build a domestic rare earth magnet recycling and manufacturing hub.

Why it matters

The commissioning of the Inserma system marks an important operational milestone for HyProMag USA as it works to establish a new domestic platform for rare earth magnet recycling and manufacturing in the United States. Rare earth magnets are critical components for advanced manufacturing and AI infrastructure, and this investment helps strengthen U.S. supply chains for these strategic materials.

The details

The Williston site houses two automated Inserma pre-processing units that can separate magnet assemblies from end-of-life hard disk drives in approximately three seconds per drive. This commissioning event represents the first stage of HyProMag USA's 'hub-and-spoke' manufacturing strategy, where magnet-bearing materials are recovered and pre-processed at regional facilities before being supplied to the company's planned rare earth magnet recycling and manufacturing hub in Dallas-Fort Worth, Texas.

  • The commissioning event took place on Friday, March 13, 2026.

The players

CoTec Holdings Corp.

A company redefining the future of resource extraction and recycling, focused on rare earth magnets and strategic materials.

HyProMag USA LLC

A U.S.-based joint venture rare earth permanent magnet recycling and manufacturing company owned 50:50 by CoTec Holdings Corp. and HyProMag Limited.

Congressman Joe Wilson

A U.S. Representative who attended the commissioning event and highlighted the importance of expanding domestic capabilities in critical materials and advanced manufacturing.

Julian Treger

The CEO of CoTec Holdings Corp.

Intelligent Lifecycle Solutions (ILS)

The company that hosts the Inserma pre-processing system at its facility in Williston, South Carolina.

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What they’re saying

“This investment demonstrates how South Carolina continues to attract innovative companies to build the technologies that will power the next generation of American manufacturing - creating jobs. Rare earth minerals are critical to our national security, and we must take control of our domestic manufacturing and supply chains to protect American interests.”

— Congressman Joe Wilson

“We're grateful to Congressman Wilson and the many state and local South Carolina leaders who joined us to mark this important milestone. Partnership and community support are essential as we work to establish a new domestic platform for rare earth magnet recycling and manufacturing in the United States. Through collaborations with companies like ILS and strong engagement with local stakeholders, HyProMag USA is building the feedstock supply chains and operational capabilities needed to support large-scale magnet production in the years ahead.”

— Julian Treger, CEO of CoTec Holdings Corp.

What’s next

The next step is for HyProMag USA to continue building out its 'hub-and-spoke' manufacturing strategy, with the Williston site serving as a regional pre-processing facility to supply the company's planned rare earth magnet recycling and manufacturing hub in Dallas-Fort Worth, Texas.

The takeaway

This commissioning marks an important milestone in CoTec's efforts to establish a domestic rare earth magnet recycling and manufacturing platform in the United States, helping to strengthen strategic supply chains for critical materials needed in advanced manufacturing and AI infrastructure.