Mkango Resources Drives Forward Rare Earth Magnet Recycling Initiative

Mkango Resources ( (TSE:MKA) ) has provided an update.

Mkango Resources, through its subsidiary HyProMag, has entered into a collaboration with Areera to recover and recycle rare earth magnets from speaker assemblies, marking a significant step in sustainable recycling efforts. This collaboration, which involves innovative technologies and partnerships with Inserma and RISE, presents a major market opportunity by addressing the largely untapped potential of recycling rare earth magnets from electronic waste, potentially reshaping recycling practices in the UK and beyond.

More about Mkango Resources

Mkango Resources is a company listed on the AIM and the TSX-V, with a corporate strategy focused on becoming a market leader in the production of recycled rare earth magnets, alloys, and oxides. Through its subsidiary Maginito Limited, Mkango aims to develop sustainable sources of rare earth elements such as neodymium, praseodymium, dysprosium, and terbium, primarily for use in electric vehicles, wind turbines, and other clean energy technologies. Maginito has significant interests in HyProMag and Mkango Rare Earths UK Ltd, with initiatives in rare earth magnet recycling in the UK, Germany, and the United States.

YTD Price Performance: 30.50%

Average Trading Volume: 1,386,945

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £31.71M

For a thorough assessment of MKA stock, go to TipRanks’ Stock Analysis page.