Mkango to Buy Heraeus Remloy Unit, Expanding Rare Earth Recycling in Germany

Mkango Resources ( (TSE:MKA) ) just unveiled an announcement.

Mkango Resources has agreed to acquire Heraeus Amloy Technologies’ Remloy rare earth magnet recycling business in Germany for €8 million in cash, funded in part from a recent equity placement, with closing expected in the summer of 2026 subject to regulatory approvals. The Bitterfeld plant, which recycles end-of-life magnets via a melting process to produce NdFeB alloy powders, is fully commissioned, targeting initial commercial sales by year-end and a medium-term scale-up to 500 tonnes of alloy annually.

The acquisition brings a 300-tonne stockpile of rare earth magnets and alloys and adds a second rare earth plant in Germany alongside HyProMag GmbH, strengthening Mkango’s integrated recycling platform and “one-stop-shop” offering across sintered, bonded and hot-deformed magnet markets. Management highlights potential operational synergies and minimal additional capex needs, positioning Mkango to deepen its presence in the secondary magnetic materials market and to blend future primary feedstock from Songwe Hill with recycled material, a move that could enhance security of supply for European and global customers focused on sustainable rare earth sourcing.

More about Mkango Resources

Mkango Resources is a dual-listed rare earths company focused on producing recycled rare earth magnets, alloys and oxides through its Maginito subsidiary and associated HyProMag recycling operations in the UK, Germany and the U.S. It also owns the advanced Songwe Hill rare earths project in Malawi and the proposed Puławy separation plant in Poland, both designated as Strategic Projects under the EU Critical Raw Materials Act, targeting supply to electric vehicle, wind and clean energy markets.

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