US invests 92 million into REE Recycling in Dallas-Fort Worth, Texas.HYPROMAG USA RECEIVES "MAKE MORE IN AMERICA" DOMESTIC FINANCE LETTER OF INTEREST FOR UP TO US$92 MILLION FROM US EXIM BANK
London / Vancouver: June 12, 2025 - CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) ("CoTec") and Mkango Resources Ltd. (AIM/TSX-V: MKA) ("Mkango") are pleased to announce HyProMag USA, LLC, a Delaware corporation ("HyProMag USA" or the "Project") has received a Make More in America (MMIA) domestic finance letter of interest ("LOI") from the U.S. Export-Import ("EXIM") Bank for its first integrated rare earth recycling and magnet making facility in Dallas-Fort Worth, Texas.
HyProMag is commercializing Hydrogen Processing of Magnet Scrap (HPMS) recycling technology in the UK, Germany and the United States. HPMS technology was developed at the Magnetic Materials Group (MMG) at the 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.
https://www.voxmarkets.co.uk/rns/announcement/d1514862-b7a5-4447-8c54-b9752104f008/
US invests 92 million into REE Recycling in Dallas-Fort Worth,...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.003(37.5%) |
Mkt cap ! $57.94M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 1.1¢ | 0.8¢ | $622.5K | 67.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1040323 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 4416350 | 7 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| IXR (ASX) Chart |