Mkango Resources Limited has announced that its US subsidiary, HyProMag USA, has broadened its feedstock supply agreement with Intelligent Lifecycle Solutions (ILS) to secure a wider range of rare earth magnet materials.
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Under the expanded deal, HyProMag USA will now receive not only magnets recovered from hard disk drives, but also from electric motors, wind turbines, and other end-of-life technologies — significantly increasing the diversity and volume of recyclable material available.
The move supports the build-out of HyProMag USA’s advanced rare earth magnet recycling and manufacturing plant in Fort Worth, Texas, which is expected to produce 750 tonnes per year of recycled magnets and 807 tonnes per year of co-products over an anticipated 40-year operating life. The facility is set to create 90–100 skilled jobs, marking a major step forward for domestic rare earth supply chains.
Mkango also confirmed that ILS pre-processing facilities in South Carolina and Nevada are on track to receive Inserma magnet separation systems by December 2025, helping streamline the recovery of magnet materials before they are sent to Fort Worth for final processing.
Julian Treger, Chief Executive of CoTec commented: “The ILS supply agreement continues to progress multiple NdFeB feedstocks that have been successfully tested through the accelerated piloting programme at the University of Birmingham’s HPMS pilot facility which will support the technical procurement team as it continues to target and purchase bulk NdFeB feedstock sources across the United States. HyProMag USA is continuing to work closely to build long-term partnerships with commercial suppliers and federal and state government’s to facilitate these feedstock sources.”
Graham Davy, ILS CEO commented: “ILS is excited to expand its procurement efforts to other NdFeB sources in partnership with HyProMag USA. The additional procurement and pre-processing operations will assist the recovery and recycling of critical strategic materials within the U.S. and provide a platform for further ILS growth. We look forward to working collaboratively with manufacturers and with their supply and vendor chains to facilitate the growth of rare earth material recycling using HyProMag’s innovative magnet recycling technology in the USA.”
