A $1.25 billion-plus company investment is expected to create more than 1,500 jobs, dramatically expand domestic manufacturing capacity, and strengthen America’s supply chain independence.
NORTHLAKE, Texas—MP Materials Corp. has selected a 120‑acre site in Northlake to develop “10X,” the company’s planned large-scale rare earth magnet manufacturing campus, according to a February release from the company.
Located less than 10 miles from MP’s existing Independence facility in Fort Worth, the new campus is expected to “cement North Texas as the center of gravity for the United States’s rare earth magnet supply chain,” the release said.
The 10X campus will significantly expand MP’s fully integrated U.S. rare earth magnetics manufacturing platform, which already encompasses mining and refining, metallization and alloying, sintering, finished magnet production, and closed‑loop recycling.
“Once operational, the new campus is expected to contribute to the company’s total production capacity of approximately 10,000 metric tons of NdFeB rare earth magnets per year, dramatically advancing the nation’s ability to produce these strategic components domestically,” the release stated.
MP expects to invest more than $1.25 billion in the project and create more than 1,500 direct manufacturing and engineering jobs at the site. At the time of the announcement (February 26), the company said it anticipated “breaking ground imminently.” Engineering and equipment procurement is well underway, the company said, with commissioning set to begin in 2028.
The decision to expand in North Texas is reported to reflect “the world‑class workforce and deep manufacturing expertise in the region, both of which are critical to scaling a complex and globally competitive rare earth magnetics capability in the U.S.”
This project is enabled by the State of Texas, Denton County, and the City of Northlake, which have approved a comprehensive incentive package totaling roughly $200 million over more than a decade, including grants, abatements, and exemptions. The package is reported to include more than $66 million in grants from the Texas Enterprise Fund (TEF) and Texas Semiconductor Innovation Fund (TSIF), underscoring Texas’s leadership in next‑generation manufacturing.
MP Materials will invest more than $1.25 billion to develop what it called “the largest and most strategic U.S. rare earth magnet manufacturing asset in history.” (Image: MP Materials via Business Wire)
The site to be acquired from Hillwood is within the AllianceTexas development and was selected following a national site evaluation process led by CBRE.
10X is described as “a cornerstone of MP’s previously announced public-private partnership with the U.S. Department of War, which was established in July 2025 to accelerate U.S. rare earth magnet independence.”
“This partnership provides long‑term demand certainty to support the rapid build‑out of domestic magnet manufacturing capacity, while keeping the 10X facility wholly owned and operated by MP Materials,” the release stated. “These magnets underpin technologies central to economic resilience and national security, including drones, robotics, AI data centers, electrification, and advanced semiconductor fabrication.”
MP Materials’ Independence facility began commercial metal production in 2024, followed in 2025 by first alloy flake and finished magnet production on commercial equipment. This is reported to have restored end-to-end production capabilities in the United States for the first time in decades.
“The experience, technical talent, and supplier ecosystem developed through Independence form the foundation for 10X and give MP a significant advantage in scaling advanced magnet manufacturing in the U.S.,” the company stated in the release.
“10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible,” said James Litinsky, founder, chairman, and CEO of MP Materials, in a statement. “We are advancing key objectives under our public-private partnership with the Department of War and accelerating America’s rare earth and magnet independence with an uncompromising focus on speed, execution, and delivery.”
According to MP Materials, 10X will incorporate next-generation NdFeB magnet manufacturing technologies, including an MP‑developed Grain Boundary Diffusion (GBD) process and other innovations that significantly reduce or eliminate heavy rare earth requirements entirely while maintaining high coercivity and thermal stability. The light and heavy rare earth raw materials necessary to support 10X will be sourced from MP’s processing facility in Mountain Pass, California.
Scrap from Texas magnet production will be reintegrated into MP’s short‑loop and long‑loop recycling circuits in Texas and California, tightening circularity and cost performance across the platform.
MP’s commercial relationships include long‑term commitments from some of America’s most important and technologically sophisticated end‑users of rare earth magnets. They are reported to include a long‑term magnet supply agreement with General Motors and collaboration with Apple to build an innovative rare earth recycling and magnet production system. This is said to reflect broad confidence among leading industrial and consumer‑technology manufacturers in the strength and reliability of a fully integrated U.S. production platform.
“MP Materials’ plan to build a new Magnet Manufacturing Campus in Northlake is great news for Texas,” said U.S. Senator John Cornyn of Texas, in a statement. “I look forward to seeing how this expansion will bolster Texas’ economy, create opportunities for innovation, and strengthen our national security.”
MP Materials describes itself as “America’s only fully integrated rare earth producer with capabilities spanning the entire supply chain—from mining and processing to advanced metallization and magnet manufacturing.”
“We extract and refine materials from one of the world’s richest rare earth deposits in California and manufacture the world’s strongest and most efficient permanent magnets,” the company said in the release. “Our products enable innovation across critical sectors of the modern economy, including transportation, energy, robotics, defense, and aerospace.”