Maybe look a bit closer to what they are doing." Deliver...

Maybe look a bit closer to what they are doing." Deliver purified alloy powder on a very large scale " Full circular supply chain from scrap to magnet. .

Maginito and Inserma Anoia S.L ("Inserma") have entered into a binding and exclusive agreement to collaborate on the optimization, commercialization and roll-out of pre-processing technologies for HyProMag in the United Kingdom, Germany, the United States and other regions. The technologies autonomously pre-process scrap such as hard disk drives to remove the NdFeB magnet containing component which can be processed via HPMS to deliver purified alloy powder on a very large scale.

HyProMag is commercializing HPMS recycling technology in the UK, Germany and United States. HyProMag is also evaluating other jurisdictions, and in mid-2024 launched a collaboration with Envipro on rare earth magnet recycling in Japan. HPMS technology was developed at the Magnetic Materials Group (MMG) at University of Birmingham, underpinned by approximately US$100 million of research and development funding, and has major competitive advantages versus other rare earth magnet recycling technologies, which are largely focused on chemical processes but do not solve the challenges of liberating magnets from end-of-life scrap streams - HPMS provides this solution.

About Mkango Resources Ltd.

Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.

Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.

Maginito and CoTec are also rolling out HyProMag's recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company. HyProMag is also evaluating other jurisdictions, and recently launched a collaboration with Envipro on rare earth magnet recycling in Japan.

At the DFW hub in Texas, the HPMS system uses hydrogen to extract NdFeB powder from the scrap material in a series of controlled reactions that occur at near atmospheric pressure. This method minimizes energy consumption and reduces environmental impact compared to conventional extraction methods. Following extraction, the NdFeB alloy powder undergoes conventional magnet manufacturing to produce high-performance magnets that meet industry standards.

https://www.londonstockexchange.com/news-article/MKA/hypromag-usa-feasibility-study-results/16778937