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An update from Mkango Resources ( (TSE:MKA) ) is now available.
HyProMag Ltd., a subsidiary of Mkango Resources, showcased its rare earth magnet recycling and manufacturing projects at the Minerals Security Partnership meeting in Brussels. Utilizing the innovative Hydrogen Processing of Magnet Scrap (HPMS) technology, HyProMag is set to commercialize this method in the UK, Germany, and the US, with a collaboration underway in Japan. This technology, which offers significant competitive advantages over other recycling methods, positions HyProMag to contribute to the development of responsible critical mineral supply chains, thereby bolstering Mkango’s industry positioning and stakeholder value.
More about Mkango Resources
Mkango Resources Ltd. is a company listed on the AIM and the TSX-V, focused on becoming a leader in the production of recycled rare earth magnets, alloys, and oxides. It aims to develop sustainable sources of critical minerals such as neodymium, praseodymium, dysprosium, and terbium to meet the growing demand from industries like electric vehicles and wind turbines. The company has significant interests in rare earth magnet recycling through its stake in Maginito and is involved in various projects, including the Songwe Hill rare earths project in Malawi and the Pulawy rare earths separation project in Poland.
YTD Price Performance: -31.30%
Average Trading Volume: 1,106,396
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £27.13M
For detailed information about MKA stock, go to TipRanks’ Stock Analysis page.
