The latest announcement is out from Mkango Resources ( (TSE:MKA) ).
Mkango Resources Ltd. announced significant progress in the construction of a rare earth magnet recycling and manufacturing facility at Tyseley Energy Park, UK, in collaboration with the University of Birmingham and its subsidiary HyProMag Limited. The facility aims to enhance the UK’s rare earth magnet supply chain by integrating innovative recycling technologies with new magnet production, with commercial production targeted to begin by the end of Q2 2025. The UK government’s recent site visit underscores the project’s importance in advancing the country’s critical minerals strategy and clean energy transition.
More about Mkango Resources
Mkango Resources Ltd. is a company listed on the AIM and TSX-V, focusing on the production of recycled rare earth magnets, alloys, and oxides. Through its subsidiary Maginito Limited, Mkango aims to develop sustainable sources of neodymium, praseodymium, dysprosium, and terbium to meet the growing demand from electric vehicles, wind turbines, and other clean energy technologies. The company has interests in rare earth projects in the UK, Germany, Malawi, and Poland, and is expanding its recycling technology into the United States.
YTD Price Performance: 27.04%
Average Trading Volume: 1,568,498
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £30.91M
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