Mkango Resources Ltd (UK) (TSE:MKA) has released an update.
Mkango Resources Ltd. has announced its year-end 2023 financials and highlights a significant strategic move in rare earth magnet recycling through its subsidiary Maginito Limited. The subsidiary has acquired HyProMag Ltd., which specializes in a novel Hydrogen Processing of Magnet Scrap technology, aiming to enter markets in the UK, Germany, and the USA between 2024-2026. This acquisition, bolstered by investments from CoTec Holdings Corp., positions Mkango at the forefront of sustainable rare earth element supply chain solutions.
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