Mkango Resources (TSE:MKA) has released an update.
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Mkango Resources Ltd. and CoTec Holdings Corp. have announced a promising feasibility study for their HyProMag USA project, which aims to develop a cutting-edge rare earth magnet recycling operation in the U.S. Utilizing innovative technology, the project is set to produce recycled magnets with a lower carbon footprint, offering robust financial returns and supporting various industries. This initiative is poised to secure a significant share of the U.S. market, promising a revival of domestic magnet production and job creation.
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