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.
Price: 7.05 GBX
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Rare earths analyst Christopher Ecclestone talks us through the growing global demand for this specific suite of 11 minerals needed for magnets, EVs and wind turbines. Chris explains how China's creeping dominance in the space is worth tracking and what investors should keep an eye out for...
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