MKA

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

Retrieved on: 
Monday, March 11, 2024

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.

Key Points: 
  • 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

Retrieved on: 
Wednesday, January 3, 2024

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.

Key Points: 
  • 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”.

First Production of Recycled Magnets at Tyseley Energy Park in Birmingham, UK Major Milestone for HyProMag

Retrieved on: 
Tuesday, December 12, 2023

Commercial production at Tyseley is targeted for mid-2024, with initial throughput targeted at 20 tonnes per annum (“tpa”) rare earth magnets and alloys, scaling up to a minimum of 100tpa in subsequent months.

Key Points: 
  • Commercial production at Tyseley is targeted for mid-2024, with initial throughput targeted at 20 tonnes per annum (“tpa”) rare earth magnets and alloys, scaling up to a minimum of 100tpa in subsequent months.
  • HyProMag is the main industrial partner for the Tyseley development and the exclusive licencee for underlying HPMS technology, developed at the University of Birmingham and now being commercialised by HyProMag.
  • Commissioning of the remaining equipment and infrastructure at Tyseley is expected in the coming weeks, underpinning the subsequent transition to commercial production.
  • This has allowed us to test recycled magnets in a range of products for the first time with extremely encouraging results.

Mkango Resources Limited Releases First Environmental Social Governance Report

Retrieved on: 
Monday, November 13, 2023

LONDON and VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd (AIM/TSX-V: MKA) (the “Company” or “Mkango”) is pleased to announce that it has published its inaugural Environmental, Social & Governance (“ESG”) Report for the year 2022.

Key Points: 
  • LONDON and VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd (AIM/TSX-V: MKA) (the “Company” or “Mkango”) is pleased to announce that it has published its inaugural Environmental, Social & Governance (“ESG”) Report for the year 2022.
  • Please follow this link to the ESG report on the Company’s website https://mkango.ca/site/assets/files/4152/mkango_esg_report_web12-11-23.pdf
    Alexander Lemon, Mkango President, commented: “I am delighted to publish our inaugural ESG Report.
  • As countries around the world move towards climate-smart economies, there is growing recognition of the importance of the natural and social environment within global society.
  • Monica Chang’anamuno Minister of Mines for Malawi and a large government delegation visited the Songwe Hill rare earth project.

Mkango Announces Results of Annual General Meeting

Retrieved on: 
Thursday, October 26, 2023

LONDON and VANCOUVER, British Columbia, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango") announces that at its Annual General Meeting (“AGM”) held yesterday all resolutions were duly passed.

Key Points: 
  • LONDON and VANCOUVER, British Columbia, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango") announces that at its Annual General Meeting (“AGM”) held yesterday all resolutions were duly passed.
  • 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.
  • Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
  • For further information on Mkango, please contact:

Updated Corporate Presentation

Retrieved on: 
Wednesday, October 18, 2023

LONDON and VANCOUVER, British Columbia, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) is pleased to announce that, following the acquisition of HyProMag Ltd, the corporate presentation has been updated in line with Mkango’s vision and strategy of sustainably sourcing rare earths for the green transition.

Key Points: 
  • LONDON and VANCOUVER, British Columbia, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) is pleased to announce that, following the acquisition of HyProMag Ltd, the corporate presentation has been updated in line with Mkango’s vision and strategy of sustainably sourcing rare earths for the green transition.
  • The updated presentation is now available on the Company's website www.mkango.ca .
  • Mkango Resources also announces that it will be attending the 19th International Rare Earths Conference in San Antonio, U.S., hosted by Metal Events, from October 18-20, 2023.
  • For further information on Mkango, please contact:

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

Retrieved on: 
Wednesday, October 11, 2023

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

Key Points: 
  • 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

Retrieved on: 
Tuesday, October 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.

Key Points: 
  • 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.

CoTec Completes Conversion of £2M Mkango Loan Note to Increase Equity Position in Maginito from 10 Per Cent to 20.6 Per Cent

Retrieved on: 
Monday, October 2, 2023

As a result of the conversion, CoTec’s equity position in Maginito has increased from 10 per cent to 20.6 per cent.

Key Points: 
  • As a result of the conversion, CoTec’s equity position in Maginito has increased from 10 per cent to 20.6 per cent.
  • In February 2023, CoTec and Maginito entered into a co-operation agreement in relation to rare earth element (“REE”) opportunities in the United States.
  • CoTec and Mkango also expect that the Joint Venture will seek US government funding for the US Project.
  • Julian Treger, CoTec CEO commented: “With the Maginito conversion completed our focus will be the operational roll out of the HyProMag technology in the United States.

Mkango Subsidiary, Maginito, and CoTec Form US Joint Venture

Retrieved on: 
Thursday, September 14, 2023

HyProMag is 100 per cent owned by Maginito Limited (“Maginito”), which is owned on a 90:10 basis by Mkango and CoTec.

Key Points: 
  • HyProMag is 100 per cent owned by Maginito Limited (“Maginito”), which is owned on a 90:10 basis by Mkango and CoTec.
  • Following completion of the Feasibility Study, CoTec and Mkango would make a joint decision on whether the Joint Venture will proceed with the construction of the US Project.
  • CoTec will fund the initial operations of the Joint Venture, including the costs of the Feasibility Study.
  • CoTec and Mkango also expect that the Joint Venture will seek US government funding for the US Project.