MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
HYPROMAG TO COLLABORATE WITH ENVIPRO, A LEADING RECYCLING AND MATERIALS
TRADING COMPANY IN JAPAN
Highlights
· HyProMag has launched a collaboration with Envipro on rare earth magnet recycling in Japan and the United Kingdom - Mkango has a 79.4% indirect interest in HyProMag, via Maginito
· Envipro was established in 1950 and is a leading recycling and materials trading company, listed on Tokyo Stock Exchange and based in Shizuoka, Japan, with 2023 sales of overUS$300million, handling scrap volumes of 625,000 tonnes, and a global footprint including the United Kingdom
· The collaboration encompasses the following:
o Joint marketing of HyProMag recycling technology solutions and recycled magnets in Japan
o Recycling trials to be carried out in UK and Japan on NdFeB scrap supplied by Envipro
o Analysis of the NdFeB scrap supply market and offtake opportunities in Japan
o Collaboration on potential HyProMag recycling technology development in Japan.
· Mkango continues to evaluate opportunities to expand its interests in rare earth magnet recycling globally through joint ventures, collaboration, marketing and offtake agreements.
London / Vancouver: June 10, 2024-Mkango Resources Ltd.(AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that pursuant to a non-binding Memorandum of Understanding ("MoU"), HyProMag Limited ("HyProMag") has launched a collaboration with Envipro Holdings Inc. ("Envipro") on rare earth magnet recycling in Japan and the United Kingdom (the "Collaboration").
Mkango Resources Ltd - HYPROMAG TO COLLABORATE WITH ENVIPRO - Vox Markets
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