Mkango’s HyProMag Commissions Second UK Unit to Scale Rare Earth Recycling From Hard Drives

Mkango Resources ( (TSE:MKA) ) has provided an update.

Mkango’s subsidiary HyProMag has commissioned a second automated hard disk drive pre-processing unit in the U.K., co-located with its new commercial-scale magnet recycling facility at Tyseley Energy Park in Birmingham. The Inserma-developed system rapidly separates magnet and printed circuit board assemblies from hard drives, enabling low-cost, sustainable recovery of rare earths and precious metals at scale.

As part of commissioning, a 13,000-unit HDD batch is being processed, with each unit designed to handle more than 30,000 drives per week on a single shift once fully ramped. The rollout, supported by partners Inserma, Intelligent Lifecycle Solutions and CoTec, positions HyProMag to tap the rising flow of end-of-life data centre drives in the U.K. and internationally, strengthening its feedstock security and expanding its rare earth recycling footprint in Europe and the U.S.

The most recent analyst rating on (TSE:MKA) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Mkango Resources stock, see the TSE:MKA Stock Forecast page.

Spark’s Take on MKA Stock

According to Spark, TipRanks’ AI Analyst, MKA is a Neutral.

The score is held down primarily by weak financial performance: no revenue, sustained cash burn, and a sharp TTM deterioration including negative equity. Technicals provide the main support due to a strong uptrend and positive momentum, but valuation remains constrained by ongoing losses and no dividend data.

To see Spark’s full report on MKA stock, click here.

More about Mkango Resources

Mkango Resources is a mineral development company with a strong focus on rare earths and magnet recycling through its subsidiary HyProMag. Operating in the U.K., Europe and North America, it targets the growing demand for sustainable critical materials, particularly NdFeB magnet feedstock sourced from end-of-life electronic equipment such as hard disk drives.

Average Trading Volume: 84,237

Technical Sentiment Signal: Buy

Current Market Cap: C$293.4M

Find detailed analytics on MKA stock on TipRanks’ Stock Analysis page.