-+ 0.00%
-+ 0.00%
-+ 0.00%

Mkango Resources Unit's JV Leases Facility for Rare Earth Elements Recycling

MT Newswires·12/11/2025 08:15:30
Listen to the news
08:15 AM EST, 12/11/2025 (MT Newswires) -- Mkango Resources (MKA.L) unit Maginito's joint venture HyProMag USA finalized a lease to establish its first rare-earth magnet recycling and manufacturing facility in Dallas-Fort Worth in Texas, US. HyProMag USA will use the facility to recover and remanufacture rare earth magnets from end-of-life products. The commissioning of the facility is expected by mid-2027, subject to final permitting and financing, according to a Thursday filing. HyProMag USA, which is jointly owned by CoTec Holdings and Maginito, plans to develop rare-earth magnet recycling and manufacturing operations in the US, including the facility in Texas, and two pre-processing facilities in South Carolina and Nevada.