MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
PILOT PLANT SUCCESSFULLY COMMISSIONED FOR LONG-LOOP RECYCLING OF RARE EARTH MAGNETS
01 July 2024
Highlights
· Mkango Rare EarthsUKhas successfully commissioneda long-loop recycling pilot plant at
Tyseley Energy Park inBirmingham, which processes NdFeB magnet scrap or swarf to produce rare earth carbonates and oxides via a chemical route
· Complementsthe short-loop recycling plant currently being commissioned by HyProMag and University ofBirminghamalso at Tyseley Energy Park, which processes NdFeB magnet scrap to produce rare earth alloys and magnets
· Both recycling processes are underpinned by thepatented Hydrogen Processing of Magnet Scrap (HPMS) technology developed at University ofBirmingham, which liberates NdFeB magnets from end-of-life scrap streams in a cost effective and energy efficient way
https://www.voxmarkets.co.uk/rns/announcement/8a2145fe-bcb0-461e-8823-d947db4b15a3/
(20min delay)