HyProMag USA Secures Dallas–Fort Worth Site for Flagship Rare-Earth Magnet Recycling Hub

The latest update is out from Mkango Resources ( (TSE:MKA) ).

HyProMag USA, partly owned by Mkango Resources, has finalised a long-term lease for its first rare-earth magnet recycling and manufacturing facility at Ironhead Commerce Center in the Dallas–Fort Worth area of Texas, positioned near key rail and air infrastructure. The Texas facility will act as the central hub of a U.S. hub-and-spoke network, supported by planned pre-processing sites in Nevada and South Carolina, and will utilise University of Birmingham-developed HPMS technology to produce an estimated 1,557 metric tonnes per year of recycled neodymium-iron-boron magnets and co-products within five years of commissioning, while creating around 90–100 skilled jobs. The move advances HyProMag USA’s plans to establish a fully domestic, scalable and modular rare-earth magnet supply chain, strengthen its feedstock partnerships with electronics recycler Intelligent Lifecycle Solutions, and support U.S. efforts to reduce reliance on overseas magnet supplies and revitalise domestic clean-energy and technology manufacturing capabilities.

The most recent analyst rating on (TSE:MKA) stock is a Hold with a C$0.99 price target. To see the full list of analyst forecasts on Mkango Resources stock, see the TSE:MKA Stock Forecast page.

Spark’s Take on TSE:MKA Stock

According to Spark, TipRanks’ AI Analyst, TSE:MKA is a Neutral.

The score is mainly constrained by very weak financial performance (no revenue, widening TTM losses, ongoing cash burn, and negative equity). Technicals are also weak with the price below key moving averages and a negative MACD. A positive corporate update around regulatory impact and funding support improves the outlook somewhat, but valuation remains unattractive due to losses and no dividend support.

To see Spark’s full report on TSE:MKA stock, click here.

More about Mkango Resources

Mkango Resources is a dual-listed company on AIM and the TSX Venture Exchange with a strategic focus on rare-earth elements, operating through its U.S. affiliate HyProMag USA. HyProMag USA specialises in rare-earth magnet recycling and processing, leveraging patented Hydrogen Processing of Magnet Scrap (HPMS) technology to recover and remanufacture neodymium-iron-boron magnets from end-of-life products, with a market focus on building a domestic, circular supply chain for critical magnet materials in the United States.

Average Trading Volume: 175,563

Technical Sentiment Signal: Buy

Current Market Cap: C$350.7M

See more data about MKA stock on TipRanks’ Stock Analysis page.