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Mkango Resources ( (TSE:MKA) ) has shared an update.
Mkango Resources’ HyProMag USA unit has completed expansion concept studies and begun pre-feasibility work for new rare earth magnet recycling and manufacturing plants in South Carolina and Nevada, alongside its first facility in Texas, with the aim of tripling U.S. NdFeB magnet and alloy production capacity to 4,656 tonnes per year by 2029. The studies, which outline modular, fully integrated production hubs co-located with feedstock suppliers and supported by strong projected economics, point to a substantial scale-up of low‑carbon recycled magnet output, underpin the company’s planned U.S. listing, and signal a potential boost to the domestic magnet industry and skilled manufacturing employment, while helping to strengthen U.S. supply chain security for critical rare earth materials.
The most recent analyst rating on (TSE:MKA) stock is a Hold with a C$0.99 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 TSE:MKA Stock
According to Spark, TipRanks’ AI Analyst, TSE:MKA is a Neutral.
The score is mainly constrained by very weak financial performance (no revenue, widening TTM losses, ongoing cash burn, and negative equity). Technicals are also weak with the price below key moving averages and a negative MACD. A positive corporate update around regulatory impact and funding support improves the outlook somewhat, but valuation remains unattractive due to losses and no dividend support.
To see Spark’s full report on TSE:MKA stock, click here.
More about Mkango Resources
Mkango Resources is a rare earths company developing a vertically integrated business focused on recycled neodymium-iron-boron (NdFeB) permanent magnets through its HyProMag USA subsidiary. The group is building a network of U.S. hubs to process magnet scrap and manufacture NdFeB alloy powders and magnets, targeting the growing domestic supply chain for high-performance magnets used in electric vehicles, wind turbines and advanced electronics.
Average Trading Volume: 175,563
Technical Sentiment Signal: Buy
Current Market Cap: C$350.7M
For detailed information about MKA stock, go to TipRanks’ Stock Analysis page.