Mkango Resources (TSE:MKA) has released an update.
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Mkango Resources Ltd. subsidiary HyProMag is collaborating in the £11 million PULSE project, funded in part by the UK government to innovate in the electric vehicle sector by developing sustainable In-Wheel Motor technology using recycled rare earth magnets. This initiative not only aims to reduce CO2 emissions but also anticipates significant job creation and advances Mkango’s position in rare earth magnet recycling and manufacturing.
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