Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Mkango signs 3-D magnets agreement with Metalysis

Mkango Resources has signed an MoU in regard to the development of rare earth technologies
Mkango signs 3-D magnets agreement with Metalysis
Rare earth magnets are used in computers

Mkango Resources Limited (LON:MKA)(CVE:MKA) has entered into a Memorandum Of Understanding with Metalysis Limited jointly to research, develop and commercialise novel rare earth metal alloys for use in three-dimensional printed permanent magnets.

Metalysis owns a proprietary metal processing technology that can manufacture metal powders at high margins, and which originated in the University of Cambridge.

WATCH: Zak Mir on Mkango Resources

The MOU will combine Mkango's expertise in the rare earths and rare earths magnets markets Metalysis' technology.

The two companies envisage a comprehensive research and development programme, culminating in the joint pursuit of commercial opportunities. One such opportunity includes evaluating the United Kingdom as a future host country for a manufacturing plant to exploit a commercialised technology. 

Rare earth permanent magnets are a critical component of many electric vehicles, as well as other consumer and green technologies. China dominates the rare earth permanent magnet industry, and with one of the few rare earths projects outside China to have advanced beyond the pre-feasibility stage, Mkango is well-placed to respond to the global demand outlook.

Mkango's share of the first phase of R&D costs will be funded out of existing cash resources.

 

Alastair_55b0a5ec88c28.jpg


Register here to be notified of future MKA Company articles
View full MKA profile View Profile

Mkango Resources Ltd Timeline

Newswire
February 20 2017

Related Articles

nevada
January 06 2017
Sienna's property is located in the deepest sections of a basin that's hosts lithium production from brine.
picture of Finland
January 16 2017
Rompas-Rajapalot is a relatively new discovery, but the potential is there for it to become a major gold ‘address’
Peak Resources Ltd’s Darren Townsend talks rare earths in Proactive Q&A Sessions™
November 23 2016
Darren Townsend presented at Mines and Money Melbourne.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use