TSX:CTH | Jotup

Mkango Subsidiary, Maginito, and CoTec Appoint Lead Engineers BBA and Pegasus to Complete the Feasibility Study for HyProMag USA

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월요일, 3월 11, 2024

Hydrogen, Magnet, BBA, Acquisition, Carbon footprint, Research, Neodymium magnet, MKA, Plant, CTH, Tyseley, Carbon, HPMS, University, Environment, Recycling, Mineral, Feasibility study, Rare-earth element

Julian Treger, CoTec CEO commented: “The Feasibility Study represents a significant milestone towards the construction of commercial-scale magnet recycling and production facilities in the United States.

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Julian Treger, CoTec CEO commented: “The Feasibility Study represents a significant milestone towards the construction of commercial-scale magnet recycling and production facilities in the United States.
HyProMag has sublicenced the HPMS technology to HyProMag USA, which is 50:50 per cent owned by CoTec and Maginito.
Following completion of the Feasibility Study, CoTec and Mkango will make a joint decision as to whether HyProMag USA will proceed with the construction of the US Project.
Funding provided by CoTec would be in the form of shareholder loans to HyProMag USA.

Mkango Subsidiary Maginito and CoTec Form HyProMag USA Joint Venture and Commence Process to Appoint EPCM Provider for the Feasibility Study

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수요일, 1월 3, 2024

Hydrogen, Magnet, Construction management, EPCM, Recycling, MKA, Research, Neodymium magnet, Mineral, Feasibility study, Engineering, Joint venture, HPMS, Plant, University, Neodymium, Carbon, CTH, Rare-earth element

The newly formed joint venture company, HyProMag USA, LLC (“HyProMag USA” or the “Joint Venture”), plans to develop a low cost, low carbon, sustainable rare earth magnet recycling and production business underpinned by HPMS.

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The newly formed joint venture company, HyProMag USA, LLC (“HyProMag USA” or the “Joint Venture”), plans to develop a low cost, low carbon, sustainable rare earth magnet recycling and production business underpinned by HPMS.
HyProMag is 100 per cent owned by Maginito, which is owned on a 79.4/20.6 per cent basis by Mkango and CoTec, and is commercialising rare earth magnet recycling in the UK, Germany and United States.
Following completion of the Feasibility Study, CoTec and Mkango will make a joint decision as to whether the Joint Venture will proceed with the construction of the US Project.
“We look forward to working and collaborating with local, state and federal stakeholders targeting the completion of the feasibility study”.

HyProMag’s Rare Earth Magnet Recycling Technology Selected as a Minerals Security Partnership Project

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수요일, 10월 11, 2023

HyProMag utilises hydrogen to recycle rare earth magnets vital for the global energy transition by liberating them from end-of-life scrap.

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HyProMag utilises hydrogen to recycle rare earth magnets vital for the global energy transition by liberating them from end-of-life scrap.
“We see this as a significant endorsement of the technology, which can make a substantial impact in unlocking the supply chain for rare earth magnet recycling from end-of-life products and enabling the production of rare earth alloys and magnets with a significantly reduced carbon footprint.”
HyProMag Ltd is commercialising rare earth magnet recycling using Hydrogen Processing of Magnet Scrap (HPMS) technology, which can liberate and recycle magnets from end-of-life scrap.
In line with MSP’s commitment to recycling and reuse, the development of new sources of recycled rare earths can accelerate development of sustainable and competitive rare earth magnet production.
It is focused on developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet, and separation technologies.

Mkango and CoTec Provide Update on Roll-Out Of HyProMag’s Rare Earth Magnet Recycling Technology Into the United States

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화요일, 10월 10, 2023

LONDON and VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) and CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) (“CoTec”) are pleased to provide an update on the roll-out of HyProMag’s rare earth magnet recycling technology into the United States.

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LONDON and VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) and CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) (“CoTec”) are pleased to provide an update on the roll-out of HyProMag’s rare earth magnet recycling technology into the United States.
HyProMag Ltd (“HyProMag”) is a wholly owned subsidiary of Maginito Ltd (“Maginito”), which is 79.4% owned by Mkango and 20.6% owned by CoTec.
Based on positive scoping studies to date, Maginito and CoTec have commenced planning for the feasibility study for the United States operation (“Feasibility Study”), targeted for completion by mid-2024.
It is focused on developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet, and separation technologies.

Presenting on the Emerging Growth Conference on March 8 Register Now

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화요일, 3월 7, 2023

Conference, Growth, Video game

MIAMI, March 07, 2023 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 51st Emerging Growth Conference on March 8, 2023.

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MIAMI, March 07, 2023 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 51st Emerging Growth Conference on March 8, 2023.
The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

Mkango and CoTec Sign Definitive Agreements to Invest in Mkango, Maginito and to Collaborate in Rare Earth Technologies in United States

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수요일, 2월 1, 2023

LONDON and VANCOUVER, British Columbia, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) and CoTec Holdings Corp. (TSX-V: CTH) (“CoTec”) are pleased to announce that they have signed definitive agreements in relation to a £2 million convertible loan agreement in Mkango, a £1.5 million equity investment in Maginito, and subject to Closing, a co-operation agreement regarding future investments in rare earth processing technology opportunities in the United States.

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Additionally, on the Maginito Investment Closing, Mkango and Maginito will enter into a management agreement whereby Mkango will continue to manage Maginito.
The Convertible Loan is secured over the shares held by Mkango in Maginito and the terms supersede all previous convertible notes issued by Mkango to CoTec.
Provided that the Maginito Investment Closing occurs, CoTec has the option to convert the Principal Amount and interest into Maginito Shares giving it an effective interest, post conversion, of 20.6% of Maginito (“CoTec Maginito Conversion Right”).
Subject to Maginito Investment Closing, Maginito and CoTec will enter into a co-operation agreement regarding future investments in rare earth processing technology opportunities in the United States.

Mkango and CoTec Provide Transaction Update

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목요일, 12월 29, 2022

LONDON and VANCOUVER, British Columbia, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) and CoTec Holdings Corp. (TSX-V: CTH) (“CoTec”) are pleased to provide an update on the transaction announced on 30 May 2022 (the “Transaction”).

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LONDON and VANCOUVER, British Columbia, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) and CoTec Holdings Corp. (TSX-V: CTH) (“CoTec”) are pleased to provide an update on the transaction announced on 30 May 2022 (the “Transaction”).
CoTec has advanced a further £325,000 to Mkango by way of a convertible advance note (the “Advance”) and Mkango has extended exclusivity until January 31, 2023.
The terms of the Advance are consistent with the terms of the advance that CoTec provided to Mkango in October 2022.
Mkango also has an extensive exploration portfolio in Malawi, including the Mchinji rutile exploration project, the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.