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Mkango Resources ( (TSE:MKA) ) has issued an announcement.
Mkango Resources Ltd. and CoTec Holdings Corp. have announced the completion of an independent Product Carbon Footprint analysis for HyProMag USA, confirming a low carbon footprint for their recycled rare earth magnets. The study highlights HyProMag’s potential to transform rare earth magnet supply chains with its environmentally friendly recycling process, significantly reducing carbon emissions compared to traditional mining methods, and supporting the growing demand for sustainable magnet production in the U.S. and globally.
More about Mkango Resources
Mkango Resources Ltd. is involved in the rare earth industry, focusing on the production and recycling of rare earth permanent magnets. The company is developing a major source of recycled rare earth magnets in Texas, USA, through its HyProMag USA project, which utilizes patented technology to recover and remanufacture magnets with a significantly reduced carbon footprint.
YTD Price Performance: 18.49%
Average Trading Volume: 1,545,188
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £34.06M
For a thorough assessment of MKA stock, go to TipRanks’ Stock Analysis page.