Critical Minerals Factbook
Federal instrument · Cooperative agreement

DPA Title III award to Urban Mining Company (Noveon Magnetics), 2020

Reported $28.8 million in Defense Production Act Title III funding announced by the U.S. Department of Defense in September 2020 for Urban Mining Co. of San Marcos, Texas (rebranded Noveon Magnetics in May 2022), to sustain critical workforce capabilities during COVID-19 disruption and strengthen the domestic rare earth magnet supply chain built on the company's magnet-to-magnet recycling process. Amount is carried at 'reported' confidence from trade press coverage of the DoD announcement.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Financial state: Obligated

Program: Defense Production Act Title III · U.S. Department of Defense

Terms

Amount$28.8M (total Defense Production Act Title III funding amount as reported in trade press coverage of the September 2020 DoD announcement)

Immutable financial events

  1. Sep 11, 2020 · Obligated

Operational milestones are displayed on the linked facility line, not duplicated in this ledger.

Sources