Mkango Resources Ltd (LON:MKA)(CVE:MKA) has highlighted the launch of a new website for Maginito Ltd (www.maginito.com), together with a new Maginito company presentation.
Maginito is 75.5% owned by Mkango, which is completing a feasibility study for the Songwe Hill rare earths project in Malawi, and 24.5% owned by Talaxis Ltd, which is focused on investment in and development of technology metal opportunities.
Maginito was established to pursue downstream green technology opportunities in the rare earths supply chain, encompassing neodymium magnet recycling, as well as innovative rare earth alloy, magnet and separation technologies.
In January 2020, Maginito acquired a 25% interest in UK based NdFeB magnet recycler, HyProMag Ltd.