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Mkango Resources invests in rare earth magnets recycler

Mkango Resources Ltd's (LON:MKA, CVE:MKA) Will Dawes talks Proactive London through the news they're to buy a stake in a company that's developed a technology to recycle rare earth magnets.

Mkango's taking a 25% stake for £300,000 and will provide a £200,000 convertible loan for HyProMag - which has developed a patented process for extracting and demagnetising neodymium iron boron alloy powders from magnets embedded in scrap and redundant equipment.

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Price: 7.05 GBX

LSE:MKA
Market: LSE
Market Cap: £9.38 m
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