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The latest announcement is out from Mkango Resources ( (TSE:MKA) ).
Mkango Resources’ German subsidiary HyProMag GmbH has successfully completed the first commissioning runs of its commercial-scale Hydrogen Processing of Magnet Scrap vessel at a new rare earth magnet recycling and manufacturing plant in Pforzheim, which is permitted to produce up to 750 tonnes per year of neodymium-iron-boron magnets and alloys. The plant, partially funded by European and regional authorities, will start with at least 100 tonnes per year of capacity, potentially rising to about 350 tonnes with multiple shifts and a targeted 750 tonnes under evaluation, and will supply high-grade recycled NdFeB alloy powder with a lower carbon footprint to customers already in engagement as Mkango builds an integrated, more autonomous and sustainable rare earth supply chain across Europe, the UK and the U.S.
Commissioning progress includes installation of a jet mill, transverse alignment press, sintering furnace, gas storage systems and upgraded power infrastructure, with final commissioning steps to follow and an official opening ceremony later in April led by the German Federal Ministry for Economic Affairs and Energy. Executives from Mkango and HyProMag said the milestone underpins their strategy to scale HPMS-based recycling in Germany, the UK and the U.S., strengthen Europe’s strategic autonomy in rare earths and support EU industrial and climate objectives, positioning the group as a one-stop supplier of primary and recycled rare earth products at a time of growing demand from electric vehicles, wind turbines and other clean energy technologies.
More about Mkango Resources
Mkango Resources is a dual-listed rare earths company on AIM and the TSX-V, focused on becoming a market leader in recycled rare earth magnets, alloys and oxides, and in developing new sustainable sources of neodymium, praseodymium, dysprosium and terbium. Through its majority-owned subsidiary Maginito, Mkango controls recycling specialist HyProMag in the UK and Germany and is expanding HPMS recycling technology into the U.S., while also advancing the Songwe Hill rare earths project in Malawi and the Puławy separation plant in Poland, both designated as Strategic Projects under the EU Critical Raw Materials Act.
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