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An update from Mkango Resources ( (TSE:MKA) ) is now available.
Mkango Resources Ltd announced that HyProMag USA has expanded its magnet capacity at the Texas Hub, significantly improving project economics with a post-tax NPV increase to US$780 million based on forecast prices. The expansion supports domestic critical-minerals supply chains and could revitalize the U.S. magnet sector, creating 90-100 skilled jobs. HyProMag USA is also exploring a potential U.S. listing by late 2026 or early 2027, contingent upon successful project execution and regulatory approvals.
More about Mkango Resources
Mkango Resources Ltd is a company listed on the AIM and TSX-V, focusing on the production of recycled rare earth magnets, alloys, and oxides. It aims to become a market leader in this industry through its interest in Maginito Limited, which it predominantly owns.
Find detailed analytics on MKA stock on TipRanks’ Stock Analysis page.