Company
CVE:MKA
Mkango Resources Ltd is moving towards production at its rare earth recycling venture in the UK, Germany and the USA. The company’s HyProMag venture uses Hydrogen Processing of Magnet Scrap (HPMS) to recycle rare earths. HyProMag’s technology has been selected by the transnational association Minerals Security Partnership (MSP) for support as one of its key projects. The rare earth magnet recycling technology was selected by MSP due to its strong potential to contribute towards the development of responsible critical mineral supply chains.
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Rare earths & specialist minerals
“We envisage that recycling of rare earth magnets will play a key role in the development of robust supply chains to catalyse and support growth in the electric vehicle sector"
Rare earths & specialist minerals
Completion of a feasibility study for the firm's Malawi rare earth mine is presently targeted in the second half of next year
Rare earths & specialist minerals
Mkango has already made considerable progress on its feasibility study
Mkango is assessing its options for Thambani, including joint venture opportunities.
Rare earths & specialist minerals
Its subsidiary Maginito has taken a 25% stake in HyProMag for £300,000 and has an option to take this to 49% for a further £1mln
Rare earths & specialist minerals
The incumbent CFO will stay on as a consultant to ensure a smooth transition
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HyProMag owns the rights for a process to extract and demagnetise neodymium iron boron alloy powders from magnets embedded in scrap and redundant equipment
SENET has completed more than 500 projects and studies in Africa while also having the largest hydrometallurgical process engineering team on the continent
During the first half, an updated mineral resource for Songwe had indicated a “substantial increase” in geological confidence for the completion of a feasibility study
Mkango's feasibility work on Songwe Hill is being paid for by a £7mln investment from Talaxis
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The Mchinji licence has been granted for the exploration of nickel, cobalt, gold, base metals, graphite, platinum group metals, ilmenite, vanadium, chrome, uranium, rare earth elements and other minerals.
Investments and investor services
The Footsie finished down nearly six points at 7,603
Archive
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The miner retains 100% ownership of the project and said the new exploration programme aims to add value
