tiprankstipranks
Mkango Resources Advances in Magnet Recycling
Company Announcements

Mkango Resources Advances in Magnet Recycling

Mkango Resources Ltd (UK) (TSE:MKA) has released an update.

Don't Miss our Black Friday Offers:

Mkango Resources Ltd. has announced its year-end 2023 financials and highlights a significant strategic move in rare earth magnet recycling through its subsidiary Maginito Limited. The subsidiary has acquired HyProMag Ltd., which specializes in a novel Hydrogen Processing of Magnet Scrap technology, aiming to enter markets in the UK, Germany, and the USA between 2024-2026. This acquisition, bolstered by investments from CoTec Holdings Corp., positions Mkango at the forefront of sustainable rare earth element supply chain solutions.

For further insights into TSE:MKA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskMkango Resources Closes Private Placement Successfully
TipRanks UK Auto-Generated NewsdeskMkango Resources Delays Share Admission Amid Admin Hurdles
TipRanks UK Auto-Generated NewsdeskMkango Resources Issues Shares in Compensation Plan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App