Mkango Resources Ltd. has confirmed that management is unaware of any material change in the company’s operations that would explain the recent increase in market activity, following a request for comment from the Canadian Investment Regulatory Organisation (CIRO).
The company reiterated its strategic focus on becoming a leader in recycled rare earth magnets through its 79.4% interest in Maginito Limited, with CoTec Holdings Corp. holding the remaining 20.6%.
Maginito has a portfolio of key investments, including:
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HyProMag Ltd. in the UK and HyProMag GmbH in Germany, both focused on rare earth magnet recycling; and
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Mkango Rare Earths UK Ltd., supporting downstream technology and processing initiatives.
In addition, Maginito and CoTec are expanding internationally through HyProMag USA LLC, a 50/50 joint venture established to roll out Hydrogen Processing of Magnet Scrap (HPMS) recycling technology in the United States.
Beyond its recycling ventures, Mkango also holds two major development assets:
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The Songwe Hill Rare Earths Project in Malawi, and
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The Pulawy Rare Earths Separation Project in Poland.
The company said it remains committed to advancing its integrated rare earth supply chain strategy, spanning primary production and recycling, to support the global shift toward sustainable magnet and clean energy technologies.
