--- title: "Mkango seeks funding to expand rare earth magnet recycling" publisher: "Share Talk" author: "sharetalk" published: "2026-11-09T08:09:19+00:00" modified: "2026-11-09T08:09:19+00:00" date: 2026-11-09 canonical: "https://www.share-talk.com/mkango-seeks-funding-to-expand-rare-earth-magnet-recycling/" category: "Mining" categories: ["Mining"] tags: ["Africa", "Alexander Lemon", "anaesthetic machine", "base metals", "Blantyre", "CapeTown", "Cobalt", "CoTec Holdings", "downstream supply-chain technologies", "Dr Paul Armitage", "drilling", "ERMA", "Gold", "Graphite", "hand-auger", "HyProMag", "HyProMag USA", "Leon Louw", "Lithium", "Maginito", "Malawi", "Mercy James Centre", "MiningIndaba", "MKA", "Mkango", "Mkango Rare Earths Limited", "mkango resources", "Nickel", "NobleGroup", "Poland", "Queen Elizabeth Central Hospital", "rare earth magnet manufacturing", "Rare Earth Magnets", "RareEarths", "Recycled", "recycling", "REE", "rutile", "Songwe Hil", "Talaxis", "TSX Venture Exchange", "URANIUM", "William Dawes"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/9a6975be-917f-4c54-aa22-2be42652670c.png?fit=1727%2C911&quality=80&ssl=1" format: "news" language: "en-GB" --- # Mkango seeks funding to expand rare earth magnet recycling **Published:** November 9, 2026 **Author:** sharetalk **Categories:** Mining **Tags:** Africa, Alexander Lemon, anaesthetic machine, base metals, Blantyre, CapeTown, Cobalt, CoTec Holdings, downstream supply-chain technologies, Dr Paul Armitage, drilling, ERMA, Gold, Graphite, hand-auger, HyProMag, HyProMag USA, Leon Louw, Lithium, Maginito, Malawi, Mercy James Centre, MiningIndaba, MKA, Mkango, Mkango Rare Earths Limited, mkango resources, Nickel, NobleGroup, Poland, Queen Elizabeth Central Hospital, rare earth magnet manufacturing, Rare Earth Magnets, RareEarths, Recycled, recycling, REE, rutile, Songwe Hil, Talaxis, TSX Venture Exchange, URANIUM, William Dawes **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/9a6975be-917f-4c54-aa22-2be42652670c.png?fit=1727%2C911&quality=80&ssl=1) --- [Mkango Magnetic Materials Ltd (AIM/TSX-V: MKA)](https://www.investegate.co.uk/announcement/rns/mkango-resources--mka/proposed-fundraising-capital-access-window/9863825) has announced plans for a potential fundraising to support the expansion of its rare earth magnet recycling and manufacturing operations, triggering a temporary trading pause on both AIM and Canada’s TSX Venture Exchange. The company confirmed on **Monday, 9 November 2026**, that it intends to use AIM’s newly introduced **Capital Access Window** arrangements to facilitate discussions with investors and provide greater pricing stability during the proposed fundraising. **Trading in Mkango’s shares on AIM was scheduled to pause from 7.30 am UK time**, while trading on the TSX Venture Exchange will be halted from the start of the Toronto session. Both trading restrictions are expected to remain in place until Mkango announces the outcome of the fundraising process. **The proposed fundraising would supplement Mkango’s existing cash reserves**, with proceeds intended primarily for capital expenditure supporting the scale-up of its rare earth recycling and magnet manufacturing businesses, alongside general working capital requirements. The company also intends to provide **an opportunity for retail investors to participate**, should the fundraising proceed. However, **Mkango has not disclosed a fundraising target, proposed issue price or number of new shares**, and there is no certainty that the transaction will be completed. Any share offering would also require the applicable regulatory approvals, including those of the TSX Venture Exchange. The Capital Access Window follows changes to the AIM Rules for Companies announced in August 2026, designed to facilitate capital raising while temporarily suspending share trading to provide a more stable environment for potential investors. **Mkango’s strategy centres on developing an integrated rare earth supply chain**, covering recycling, alloy production and magnet manufacturing, alongside its established rare earth mining and separation projects. Through its **79.4%-owned Maginito subsidiary**, the company has interests in recycling businesses operating across the UK, Germany and the United States. The remaining 20.6% of Maginito is owned by CoTec Holdings. Maginito owns **100% of HyProMag Limited**, which specialises in recovering and manufacturing rare earth magnets using Hydrogen Processing of Magnet Scrap (HPMS) technology. HyProMag also holds a **90% interest in HyProMag GmbH**, expected to increase to 100% following completion of a previously announced acquisition. The German business has been designated a **Strategic Project under the European Union’s Critical Raw Materials Act**, reflecting the importance of developing European rare earth processing and recycling capacity. Meanwhile, **HyProMag USA is being developed through a 50:50 joint venture between Maginito and CoTec**, extending the company’s recycling ambitions into the North American market. Mkango’s recently acquired **Remloy business in Bitterfeld, Germany**, provides an additional recycling route, converting end-of-life rare earth magnets into neodymium-iron-boron alloy powders for bonded and hot-deformed magnet applications. These operations complement HyProMag’s recycling technology and Mkango Rare Earths UK’s chemical processing activities, which are focused on recovering mixed rare earth carbonates and oxides. **The company’s broader strategy is to establish sustainable supplies of neodymium, praseodymium, dysprosium and terbium**, materials used in high-performance permanent magnets for electric vehicles, wind turbines and other advanced technologies. Alongside its recycling operations, Mkango continues to develop the **Songwe Hill rare earth project in Malawi and the proposed Pulawy separation facility in Poland**. Both projects have received Strategic Project designation under the EU Critical Raw Materials Act. **Songwe Hill has also secured US$4.6 million in reimbursable development funding from the US International Development Finance Corporation**, supporting front-end engineering and design work. Separately, Mkango is pursuing a proposed Nasdaq listing of its mining and separation interests through a business combination involving **Mkango Rare Earths Limited and Crown PropTech Acquisitions**. That transaction remains subject to the necessary approvals and completion conditions, and is separate from the proposed fundraising announced on Monday. **The new fundraising initiative is primarily focused on accelerating Mkango’s recycling and magnet manufacturing operations**, which are central to its ambition of establishing a vertically integrated rare earth materials business. The additional capital could help support equipment investment, plant development and operational expansion as the company works towards larger-scale commercial production. However, the amount raised, the potential dilution to existing shareholders and the financial impact of the transaction will remain unknown until the fundraising terms are announced. **Mkango’s decision to use the Capital Access Window represents a significant financing step as it seeks to expand its rare earth recycling operations across multiple jurisdictions.** Investors will now await **confirmation of the fundraising outcome, any retail participation arrangements, the final share issue terms and the resumption of trading on AIM and the TSX Venture Exchange**.   --- **Original URL:** https://www.share-talk.com/mkango-seeks-funding-to-expand-rare-earth-magnet-recycling/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*