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Pin to quick picksMkango Res Share News (MKA)

Share Price Information for Mkango Res (MKA)

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Share Price: 7.10
Bid: 6.70
Ask: 7.50
Change: 0.15 (2.16%)
Spread: 0.80 (11.94%)
Open: 6.85
High: 7.10
Low: 6.75
Prev. Close: 6.95
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Mkango Resources hails HyProMag's technology chosen for key project

Wed, 11th Oct 2023 17:24

(Alliance News) - Mkango Resources Ltd on Wednesday said that HyProMag Ltd's rare earth magnet recycling technology has been selected by the Minerals Security Partnership for support as one of its key projects.

Mkango said HyProMag was chosen because MSP views its strong potential to contribute towards the development of responsible critical mineral supply chains.

Mkango explained: "The MSP was formed in 2022 by 14 governments and aims to ensure adequate supplies of minerals such as rare earths to meet net zero-carbon goals. It aims to support public and private sector investments building diverse, secure, and responsible global critical minerals supply chains. Partner governments includes the United Kingdom, the US, Australia, Canada, Finland, France, Germany, Japan, India, the Republic of Korea, Norway, Sweden and the EU."

Julian Treger, chief executive officer of CoTec Holdings Corp, which also noted the announcement, said: "This exciting development is a strong validation of HyProMag's REE recycling technology and further demonstrates its attractiveness and potential, both from a strategic and commercial perspective."

Maginito, which is 79% owned by Mkango and 21% owned by CoTec, bought HyProMag in 2023.

Mkango Resources shares closed 2.9% higher at 8.75 pence each in London on Wednesday.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Nov 2020 15:40

IN BRIEF: Mkango Resources Venture Gets UK Grant For Recycling Magnets

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30 Nov 2020 09:07

Mkango investment HyProMag gets grant for magnet recycling project

(Sharecast News) - Mkango Resources announced on Monday that HyProMag and its partners, European Metal Recycling and the University of Birmingham have been awarded a grant from the Industrial Strategy Challenge Fund, delivered by UK Research and Innovation, for a new project, 'Rare-Earth Extraction from Audio Products', or 'REAP'.

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UK TRADING UPDATE SUMMARY: Creo Makes Up To EUR5 Million Acquisition

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Mkango begins drilling and sampling programme at Mchinji

(Sharecast News) - Mkango Resources announced the start of an extensive hand-auger drilling and soil sampling programme on Tuesday, to identify rutile prospects within its 869 square kilometre Mchinji licence, EPL 0544/19, in Malawi's Mchinji district.

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15 Sep 2020 11:42

Mkango Hails New Discoveries At Mchinji Asset In Malawi

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Mkango Says Malawi Government Satisfied With Songwe Work; Loss Widens

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31 Mar 2020 18:31

UK TRADING UPDATE SUMMARY: Softcat Cancels Interim Dividend Payout

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31 Mar 2020 16:41

Mkango Resources 'working proactively' amid pandemic

(Sharecast News) - Mkango Resources updated the market in response to the Covid-19 coronavirus pandemic on Tuesday, and on timing for completion of the ongoing feasibility study for the 51%-owned Songwe Hill rare earths project in Malawi.

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12 Feb 2020 15:11

Mkango Resources reports results from recent Thambani exploration

(Sharecast News) - Mkango Resources announced results from its recent mineral exploration programme at the Thambani project in southern Malawi on Wednesday, reporting that assay results from 128 rock samples collected during the 2019 exploration programme returned uranium, tantalum and niobium values ranging up to 0.74% triuranium octoxide, 0.41% tantalum pentoxide and 3.24% niobium pentoxide.

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12 Feb 2020 09:51

Mkango Still Exploring Thambani Options As It Extends Mineralisation

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10 Jan 2020 13:10

Mkango subsidiary buys into UK magnet recycling firm HyProMag

(Sharecast News) - Mkango Resources announced on Friday that its subsidiary Maginito has completed the acquisition of an initial 25% interest in HyProMag - a private, UK-based company focussed on rare earth magnet recycling, as it initially announced on 23 September.

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10 Jan 2020 11:02

Mkango Resources Subsidiary Maginito Acquires 25% Interest In HyProMag

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Mkango Resources Hires Tim Slater Of Harmer Slater As Interim CFO

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