MKANGO RESOURCES LTD.550 Burrard StreetSuite 2900VancouverBC V6C...

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 Earths UK has successfully commissioned a long-loop recycling pilot plant at
Tyseley Energy Park in Birmingham, which processes NdFeB magnet scrap or swarf to produce rare earth carbonates and oxides via a chemical route

· Complements the short-loop recycling plant currently being commissioned by HyProMag and University of Birmingham also at Tyseley Energy Park, which processes NdFeB magnet scrap to produce rare earth alloys and magnets

· Both recycling processes are underpinned by the patented Hydrogen Processing of Magnet Scrap (HPMS) technology developed at University of Birmingham, 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/