MP Materials launches Project Swarm to coordinate US drone magnet demand and lock in domestic capacity
MP•Drone companies have signed term sheets
Multiple drone companies have signed term sheets to join; the initiative targets domestic NdFeB magnet supply ahead of expanded 2027 DFARS requirements.
Priority access without binding purchase commitments
The structure allows participants to hold priority access without binding purchase commitments, giving MP Materials demand visibility to invest ahead of need.
Project Swarm targets domestic rare earth magnet demand
MP Materials launched “Project Swarm” to aggregate rare earth magnet demand from U.S. and allied drone, robotics, and motor makers.
The program aims to reserve future production capacity at its planned 10X magnet plant in Northlake, Texas, citing foreign-controlled supply-chain risk.
