RE: Wow! USA government to partner MKA!!16 May 2023 10:02
Access to highly energy efficient, patented Hydrogen Processing of Magnet Scrap ("HPMS") technology
§ Ability to manufacture rare earth magnets with significantly reduced carbon footprint
§ Maginito and CoTec have launched the roll-out of HPMS into the US:
§ Evaluating the development of recycling, chemical processing, alloy and magnet manufacturing
§ Scoping studies and site selection underway ahead of feasibility studies
§ CoTec and Maginito to form 50/50 joint venture for US developments, with CoTec to fund feasibility study and project development costs
§ Ongoing discussions with US Government, potential customers and recycling partners