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Mkango Resources ( (TSE:MKA) ) just unveiled an update.
Mkango Resources Ltd. announced that its subsidiary, HyProMag USA, has expanded its feedstock supply agreement with Intelligent Lifecycle Solutions, a global electronics recycler. This expansion aims to enhance the procurement and recycling of neodymium iron boron feedstock from various sources, supporting HyProMag USA’s recycling and manufacturing plant in Texas. The initiative is expected to bolster the U.S. magnet sector, create jobs, and promote sustainable recycling practices, positioning Mkango as a key player in the rare earth magnet recycling industry.
More about Mkango Resources
Mkango Resources Ltd. is a company focused on becoming a leader in the production of recycled rare earth magnets, alloys, and oxides. It operates through its interest in Maginito Limited, which is involved in rare earth magnet recycling in the UK and Germany, and is expanding its operations into the United States. Mkango also owns the Songwe Hill rare earths project in Malawi and the Pulawy rare earths separation project in Poland, both strategic projects under the European Union Critical Raw Materials Act.
Learn more about MKA stock on TipRanks’ Stock Analysis page.