MP Materials Expands DFW Footprint With 120-Acre, $1.25B Project

A $1.25B manufacturing campus in Northlake aims to cement North Texas as the nation’s rare earth magnet hub.

The big build: MP Materials plans a 120-acre campus, known as 10X, in Northlake within Hillwood’s AllianceTexas development. The Las Vegas-based company will acquire the site and invest $1.25B. The facility will sit less than 10 miles from its existing 250K SF Fort Worth operation.

Production boost: The new campus is expected to raise annual production capacity to about 10,000 metric tons of neodymium-iron-boron magnets. These magnets are used in defense systems, semiconductors and data centers. Groundbreaking is expected soon, with full operations targeted after testing in 2028.

Federal and local support: The project is tied to MP’s partnership with the U.S. Department of Defense. The DoD agreed to buy $400M in company stock and purchase 100% of the plant’s output for its first 10 years. State and local incentives total roughly $200M in grants, abatements and exemptions.

Domestic supply chain: Raw materials will come from MP’s mining and processing facility in CA, supporting a vertically integrated U.S. supply chain. The company began commercial metal production in Fort Worth in 2024. The expansion is designed to reduce reliance on foreign rare earth magnet suppliers.

Defense growth: MP’s investment adds to a growing defense manufacturing presence in North Texas. Drone maker EagleNXT recently moved its HQ to Allen to produce military-grade drones. Nationally, companies like Anduril are also expanding with significant state-backed incentives.

➥ THE TAKEAWAY

Reshoring in Northlake: With federal backing and $1.25B in private investment, MP Materials’ Northlake campus positions DFW as a strategic anchor in the reshoring of critical defense and semiconductor supply chains.

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