Mkango and CoTec’s Joint Venture Advances Rare Earth Magnet Recycling

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

Mkango Resources Ltd. and CoTec Holdings Corp. have announced that Intelligent Lifecycle Solutions LLC has started stockpiling feedstock as part of a new agreement with HyProMag USA LLC. This initiative is a significant step in HyProMag USA’s project to establish a rare earth magnet recycling and manufacturing plant in Texas, aiming to secure a robust supply chain for rare earth magnets in the U.S. The collaboration with ILS is expected to enhance the circular economy and critical mineral supply chains, positioning HyProMag USA as a key player in reshoring the U.S. industrial base.

More about Mkango Resources

Mkango Resources Ltd. is a company listed on the AIM and TSX-V, focusing on the production of recycled rare earth magnets, alloys, and oxides. Through its interest in Maginito Limited, Mkango aims to develop sustainable sources of neodymium, praseodymium, dysprosium, and terbium to meet the growing demand from electric vehicles, wind turbines, and clean energy technologies. The company also owns advanced stage rare earth projects in Malawi and Poland, which have been selected as Strategic Projects under the European Union Critical Raw Materials Act.

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