IXR 4.35% 1.1¢ ionic rare earths limited

General Chat / Discussion, page-5789

  1. 2,938 Posts.
    lightbulb Created with Sketch. 762

    Birmingham to become UK’s first centre for rare earth magnet recycling

    Rare earth magnets, one of the building block materials for clean growth, will be recycled at a plant at Birmingham’s Tyseley Energy Park


    Pioneering rare earth recycling company HyProMag, which was formed by researchers from the University of Birmingham’s School of Metallurgy and Materials, is to be acquired by Maginito Ltd, in a deal that aims to catalyse the further scale-up and international roll-out of technology first piloted at the University of Birmingham and forming the basis for the UK’s first full scale remanufacturing facility for rare earth magnets at Birmingham’s Tyseley Energy Park being developed later this year.

    HyProMag’s core technology is the based upon the patented process - Hydrogen Processing of Magnet Scrap (HPMS), which was originally developed within the University’s Magnetic Materials Group (MMG) to extract rare earth magnets from scrap and redundant equipment and subsequently licensed to HyProMag.

    Rare earth magnets play a key role in clean energy technologies including electric vehicles and wind turbine generators. They are also a key component in electronic devices including mobile phones, hard disk drives and loudspeakers.


    https://www.birmingham.ac.uk/news/2023/birmingham-to-become-uks-first-centre-for-rare-earth-magnet-recycling
 
watchlist Created with Sketch. Add IXR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.