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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: 4.65 GBX

LSE:MKA
Market: LSE
Market Cap: £6.18 m
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Mkango Resources' Will Dawes welcomes launch of innovative rare earth...

Mkango Resources Ltd's (LON:MKA)(CVE:MKA) Will Dawes caught up with Proactive's Andrew Scott following the launch of its Innovate UK grant-funded project "Rare-Earth Recycling for E-Machines" (RaRE). Dawes adds they've been continuing work on the feasibility study at Songwe Hill with...

on 2/6/20

2 min read