Mkango Resources (TSE:MKA) has released an update.
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Mkango Resources Ltd. is advancing the commissioning of the UK’s first commercial scale rare earth magnet recycling and manufacturing plant, set to start operations in Q1 2025. The plant, supported by HyProMag and the University of Birmingham, will initially produce 25-30 tonnes per year of recycled NdFeB alloys and magnets, with potential to scale up significantly. This initiative positions Mkango as a leader in sustainable rare earth magnet production, catering to the growing demand from clean energy technologies.
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