Highlights Mkango Resources has conditionally raised gross proceeds of £750,000 via a direct Company subscription from existing shareholders, including a £150,000 investment by Mkango CEO William Dawes Use of proceeds include the acquisition of additional equipment to underpin HyProMag's transition to first commercial sales of recycled NdFeB at Tyseley Energy Park in Birmingham, UK targeted for H2 2024, and orders of long [...]
CoTec Holdings Corp. and Mkango Resources Ltd. are pleased to announce that Canada-based BBA USA Inc. and US-based PegasusTSI Inc. have been engaged to complete the HyProMag USA, LLC bankable feasibility study to engineer and design its REE magnet recycling plants and a production facility in the United States. The Feasibility Study is expected to be completed during H2 2024. HyProMag USA has the potential to supply the [...]
CoTec Holdings Corp. and Mkango Resources Ltd. are pleased to announce that CoTec and Maginito Limited have formed a 50/50 joint venture entity which will roll out HyProMag Limited's Hydrogen Processing of Magnet Scrap recycling technology into the United States. The newly formed joint venture company, HyProMag USA, LLC , plans to develop a low cost, low carbon, sustainable rare earth magnet recycling and production [...]
LONDON, UK / VANCOUVER, BC / ACCESSWIRE / January 3, 2024 / CoTec Holdings Corp. and Mkango Resources Ltd. are pleased to announce that CoTec and Maginito Limited have formed a 50/50 joint venture entity which will roll out HyProMag Limited's Hydrogen Processing of Magnet Scrap recycling technology into the United States. The newly formed joint venture company, HyProMag USA, LLC , plans to develop a low cost, low carbon [...]
Mkango Resources Ltd. regrets to announce that Stephen Motteram has stepped down from his position as the Talaxis Nominated Director on the Mkango Board, following his resignation from Noble Resources Trading Ltd. Derek Linfield, Chairman of Mkango stated: "On behalf of the Board and our shareholders, I would like to thank Stephen for his significant contributions to the development of the business during his time as a [...]
Mkango Resources Ltd. is pleased to announce the first production of recycled rare earth magnets in the United Kingdom on commercial scale magnet manufacturing equipment in over 20 years, a major milestone in securing critical raw materials for the energy transition. HIGHLIGHTS: First production runs of short-loop recycled rare earth magnets completed at the Tyseley Energy Park rare earths hub in Birmingham, UK [...]
Mkango Resources Ltd. is pleased to announce that it has published its inaugural Environmental, Social & Governance Report for the year 2022. This report has been prepared, to the extent applicable for the current phase of operations, in accordance with the Global Reporting Initiative Standards 'Core' option and is accompanied by a wider set of disclosures on Mkango's sustainability performance. 2022 ESG highlights [...]
Mkango Resources Ltd. announces that at its Annual General Meeting held yesterday all resolutions were duly passed. All business put forth at the Meeting was approved by shareholders of the Company, including: the election of Derek Linfield, William Dawes, Alexander Lemon, Philipa Varris, Stephen Motteram, Susan Muir and Shaun Treacy as Directors of the Company; appointment of BDO LLP as auditors of the Company and [...]
Mkango Resources Ltd. 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 [...]
Mkango Resources Ltd. and CoTec Holdings Corp. are pleased to announce that HyProMag Ltd's rare earth magnet recycling technology has been selected by the Minerals Security Partnership for support as one of its key projects. The technology was selected by the MSP because the MSP determined its strong potential to contribute towards the development of responsible critical mineral supply chains. The MSP was formed in 2022 [...]
Mkango Resources Ltd. and CoTec Holdings Corp. are pleased to provide an update on the roll-out of HyProMag's rare earth magnet recycling technology into the United States. HyProMag Ltd is a wholly owned subsidiary of Maginito Ltd , 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 [...]
CoTec Holdings Corp. and Mkango Resources Ltd. are pleased to announce that CoTec has converted its £2 million convertible loan note in Mkango into additional shares of Mkango's subsidiary Maginito Ltd. . As a result of the conversion, CoTec's equity position in Maginito has increased from 10 per cent to 20.6 per cent. Maginito owns 100% of HyProMag Limited . In February 2023, CoTec and Maginito entered into a [...]
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