Dallas – September 29, 2026 -- The global rare earth magnets market is projected to grow from roughly $21.98 billion in 2025 to $30.01 billion by 2030, a 6.4% compound annual growth rate, according to ResearchAndMarkets.com, with electric vehicles, wind turbines, robotics and consumer electronics driving demand. Persistence Market Research puts the 2026 market at $15.8 billion, rising to $30.4 billion by 2033 at a 9.8% CAGR, and identifies North America as the fastest-growing region at 11.3% annually. Texas is emerging as the geographic center of that domestic build-out.
Tactical Resources adds Pecos River Commission chairman as advisor
Tactical Resources Corp. (NASDAQ: TREO) appointed P. Lourcey Sams as Special Advisor effective September 23, 2026. Sams, appointed by the President in April 2026 as U.S. Commissioner and Chairman of the Pecos River Commission, brings nearly five decades of Texas energy and economic development experience, including co-founding Pennant Development and Production, LLC and serving as President of Banner Energy, Inc. since 1988. His mandate covers commercial partnerships, offtake introductions, and state and local funding opportunities for the company's Peak Project in Hudspeth County, which sits within the Sierra Blanca Quarry roughly 90 miles southeast of El Paso and targets rare earth-enriched fines from railway ballast crushing. Tactical began trading on Nasdaq on August 20, 2026, and has engaged Forte Dynamics Inc. for a gap analysis toward a preliminary economic assessment.
MP Materials commits $1.25 billion to North Texas magnet campus
MP Materials Corp. (NYSE: MP) selected a 120-acre Northlake, Texas site for its planned 10X magnet manufacturing campus, less than 10 miles from its existing Independence facility in Fort Worth. The project carries more than $1.25 billion in planned investment and over 1,500 expected jobs, backed by a state and local incentive package and a 10-year Pentagon offtake commitment. Independence began commercial metal production in 2024 and produced its first commercial-equipment alloy flake and finished magnets in 2025.
USA Rare Earth pairs Texas deposit with producing Brazil operation
USA Rare Earth, Inc. (NASDAQ: USAR) completed its combination with Serra Verde Group on September 3, 2026, gaining feedstock from Serra Verde's Goiás, Brazil operation, which began production in January 2024 and is described by the company as the only scaled non-Asian producer of all four magnetic heavy rare earth elements. The deal supports development of USA Rare Earth's own Round Top deposit in Hudspeth County near Sierra Blanca.
Critical Metals reports 99% dissolution rate on Greenland concentrate
Critical Metals Corp. (NASDAQ: CRML) reported on September 16, 2026 that testwork on Tanbreez project concentrate in Greenland achieved greater than 99% dissolution into 19 ultra-high-purity rare earth products, alongside preliminary modelling for a proposed joint venture refinery in Romania set to receive 50% of Tanbreez concentrate under an existing term sheet. Shares rose sharply on September 21 following a U.S.-Denmark security agreement covering Greenland, though the agreement does not grant mining rights and refinery economics remain preliminary.
Wyoming backs Ramaco's pilot plant with $6.1 million grant
Ramaco Resources, Inc. (NASDAQ: METC) broke ground on a pilot processing plant and laboratory adjacent to its Brook Mine near Sheridan, Wyoming, supported by a $6.1 million matching grant from the Wyoming Energy Authority's Energy Matching Fund, extending state-level rare earth support beyond Texas.