Mkango Resources Ltd (AIM / TSX-V: MKA) has reached a major milestone in its North American growth strategy after taking possession of a 125,000-square-foot facility in the Dallas-Fort Worth area of Texas, which will become the company’s flagship rare earth magnet recycling and manufacturing hub in the United States.
The facility will be operated by HyProMag USA, Mkango’s subsidiary focused on rare-earth magnet recycling, and will mark the start of preparatory work ahead of commercial development.
The project will utilise HyProMag’s patented Hydrogen Processing of Magnet Scrap (HPMS) technology, which is designed to recover and recycle rare earth materials from end-of-life permanent magnets, supporting the development of a domestic and sustainable supply chain for critical minerals.
Once operational, the facility is expected to produce approximately 941 tonnes per year of recycled neodymium-iron-boron (NdFeB) magnets, along with approximately 611 tonnes of associated co-products. The project is designed with an anticipated operating life of 40 years.
Management believes the development will play an important role in reducing North America’s reliance on imported rare earth magnet materials, which are essential for electric vehicles, wind turbines, defence systems and advanced manufacturing technologies.
The Dallas-Fort Worth location was selected for its strong transport links, industrial infrastructure and access to skilled labour, positioning the operation to efficiently serve customers across the United States.
The project is also expected to deliver significant regional economic benefits, creating between 90 and 100 skilled jobs once fully operational.
The development represents another important step in Mkango’s strategy of building an integrated rare earths business spanning both primary production and recycling, while supporting the growing Western push to establish secure domestic supply chains for critical minerals and magnet manufacturing.
