Mkango Resources Ltd. (LSE:MKA) and CoTec Holdings Corp. (TSXV: CTH) announced that Intelligent Lifecycle Solutions LLC (ILS) has begun stockpiling feedstock under a new supply agreement with HyProMag USA LLC. This development marks a key milestone in HyProMag USA’s efforts to establish a rare earth magnet recycling and manufacturing facility in Texas, designed to strengthen the domestic supply chain for critical rare earth materials.
The collaboration with ILS is expected to bolster the circular economy by reintroducing recycled materials into production while supporting U.S. initiatives to reshore industrial capabilities. Once operational, HyProMag USA aims to play a pivotal role in reducing reliance on overseas suppliers and ensuring a more resilient supply of rare earth magnets.
About Mkango Resources Ltd.
Mkango Resources, listed on AIM and the TSX-V, is focused on building sustainable sources of rare earth magnets, alloys, and oxides. Through its investment in Maginito Limited, the company is advancing the recovery and production of key elements such as neodymium, praseodymium, dysprosium, and terbium, all of which are in high demand for electric vehicles, wind power, and other clean energy technologies. Beyond recycling, Mkango also controls advanced-stage rare earth projects in Malawi and Poland, both recognized as Strategic Projects under the EU’s Critical Raw Materials Act.
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