RE: Rns out11 Dec 2025 07:02
HYPROMAG USA FINALISES LONG TERM LEASE
FOR DALLAS-FORT WORTH RARE EARTH MAGNET RECYCLING AND MANUFACTURING HUB
London / Vancouver: 11 December 2025 - Mkango Resources Ltd (AIM/TSX-V: MKA) (the "Company" or "Mkango"), is pleased to announce that HyProMag USA, LLC ("HyProMag USA"), a U.S.-based leader in rare-earth recycling and processing, has finalised a lease agreement for its proposed rare-earth magnet recycling and manufacturing facility in Dallas-Fort Worth, Texas. HyProMag USA's first facility (the "Texas Facility" or the "Project") will be located at Ironhead Commerce Center, Building 1, Dallas-Fort Worth, Denton County, Texas. This Project site is strategically located next to critical infrastructure, the BNSF intermodal rail link and the Alliance airport. The milestone marks the next phase in HyProMag USA's Project expansion and underscores its commitment to building a fully domestic, circular supply chain for rare-earth magnets critical to revitalising U.S. industry and to provide a long-term domestic supply of critical minerals.