Mkango Resources Ltd (LSE:MKA) reported progress on its HyProMag USA project, which is centered on rare earth magnet recycling and production in the Dallas–Fort Worth area of Texas. The initiative seeks to create a sustainable domestic supply of neodymium iron boron (NdFeB) magnets, with the Detailed Design phase now 25% complete. Engineering and design work continues to advance, with plans to expand operations across three U.S. hubs.
The project is expected to play a key role in reshaping the American magnet industry by generating skilled employment opportunities and delivering a low-carbon supply chain solution.
About Mkango Resources
Mkango Resources Ltd, dual-listed on AIM and TSX-V, is focused on developing recycled rare earth magnets, alloys, and oxides. Through its stake in Maginito, the company aims to establish itself as a leader in sustainable supplies of neodymium, praseodymium, dysprosium, and terbium—critical materials for clean energy technologies such as electric vehicles and wind turbines. Mkango is active in recycling projects in the UK, Germany, and the U.S., and also controls advanced-stage rare earth developments in Malawi and Poland.
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