How MP Materials is Securing the U.S. Supply Chain with a New $1.25 Billion Texas Mega-Campus
With a massive $1.25 billion investment and Pentagon backing, MP Materials is transforming North Texas into the epicenter of America's tech and defense supply chain to end reliance on foreign critical minerals.
Forget the silicon; it is time to talk about the high-powered magnets running everything from AI data centers to advanced defense drones. Today, MP Materials Corp. (NYSE: MP) decided to plant a massive, 120-acre flag in Northlake, Texas, announcing the development of “10X,” a colossal new rare earth magnet manufacturing campus. Backed by an eye-watering investment of over $1.25 billion, this facility isn't just a win for the Lone Star State’s economy, it is a deeply strategic, heavily funded play to rip the United States' critical supply chain away from foreign reliance.
Located a mere ten miles from the company's existing Independence facility in Fort Worth, 10X is poised to transform North Texas into the undisputed center of gravity for America's rare earth magnet production. Once the facility boots up for commissioning in 2028, it is expected to pump out approximately 10,000 metric tons of NdFeB (Neodymium-iron-boron) rare earth magnets annually. In the process, the campus will create over 1,500 direct manufacturing and engineering jobs, proving that domestic hardware and component production is making a serious comeback. Groundbreaking is expected to happen imminently, with engineering and equipment procurement already well underway.
You do not build a billion-dollar campus without a few heavy hitters in your corner. The 10X project serves as the cornerstone of MP Materials Corp.’s (NYSE: MP) public-private partnership with the U.S. Department of War, originally established in July 2025. Thanks to a ten-year Pentagon offtake commitment, the company has the long-term demand certainty required to scale up operations rapidly.
Local governments are also eagerly opening their checkbooks to ensure the project lands in their backyard. The State of Texas, Denton County, and the City of Northlake approved a comprehensive incentive package hovering around $200 million over the next decade. This war chest includes more than $66 million in grants directly from the Texas Enterprise Fund and the Texas Semiconductor Innovation Fund, signaling the state's aggressive push into next-generation manufacturing.
The site itself was acquired from the privately held real estate developer Hillwood, following a rigorous national site evaluation process led by commercial real estate giant CBRE Group, Inc. (NYSE: CBRE). But the real magic is what will happen on the factory floor. 10X will utilize next-generation manufacturing technologies, including a proprietary Grain Boundary Diffusion process. This innovation drastically reduces or entirely eliminates the need for heavy rare earths, all while maintaining the intense thermal stability required by the world's most demanding tech.
To fuel the massive operation, raw materials will flow directly from the company's processing facility in Mountain Pass, California, while scrap from the Texas production lines will be seamlessly reintegrated into short- and long-loop recycling circuits. Furthermore, the company already boasts long-term commercial relationships with some of the most technologically sophisticated end-users on the planet. This includes a major magnet supply agreement with General Motors Company (NYSE: GM) and an innovative recycling and production collaboration with Apple Inc. (NASDAQ: AAPL).
As CEO James Litinsky noted, this expansion is about building industrial strength at a scale the nation hasn't seen in generations. With heavy political backing from state senators to the governor's office, and an uncompromising focus on execution, MP Materials Corp. (NYSE: MP) is ensuring that the future of American manufacturing is highly magnetic.
Source: MP Materials Selects Northlake, Texas, as the Site of “10X,” a New U.S. Rare Earth Magnet Manufacturing Campus (Press Release, February 26, 2026).