Mkango Provides Construction Update ON UK Magnet Recycling and Manufacturing Facility at Tyseley Energy Park, Welcomes UK Government Site Visit
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MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO PROVIDES CONSTRUCTION UPDATE ON UK MAGNET RECYCLING AND MANUFACTURING FACILITY
AT TYSELEY ENERGY PARK, WELCOMES UK GOVERNMENT SITE VISIT
London / Vancouver: March 6, 2025 – Mkango Resources Ltd. (AIM/TSX-V: MKA) is pleased to provide an update
on the progress of the rare earth magnet recycling and manufacturing facility currently being constructed at
Tyseley Energy Park , UK . Developed by the University of Birmingham and in partnership with Mkango’s
subsidiary, HyProMag Limited (“HyProMag”), the facility is set to strengthen the UK’s domestic supply chain for
rare earth magnets by integrating innovative recycling technologies with new magnet production.
Last month, representatives from the UK’s Department for Business and Trade (“DBT”) and the Office for
Investment visited the site, highlighting continued government support for HyProMag’s mission to establish a
UK-based, sustainable rare earth magnet recycling and manufacturing facility.
Significant progress has been made at the Tyseley facility over the last three months.
Key updates include:
- Initial commercial production is targeted to commence by the end of Q2 2025, subject to completion of the
required infrastructure.
- Magnet a lignment presses are now fully commissioned, and the powder processing plant has been
constructed.
- Infrastructure development is progressing, with data, battery, and electrical rooms completed and electrical
and gas pipe installation works advancing well.
- The factory acceptance test for the Hydrogen Processing Magnet Scrap (“HPMS”) vessel is taking place this
week, with shipment to the UK from Germany expected by the end of the month.
- Ongoing HPMS pilot production continues to enable early product deliveries to customers ahead of full-scale
production and this is to be scaled up in parallel with commissioning of the commercial plant at Tyseley.
Ivan Lima, Investment Lead for Critical Minerals at DBT, commented : “A great visit to Birmingham by the DBT
Critical Minerals team and Office for Investment to see the magnet recycling pilot plant at the University of
Birmingham. We also visited Tyseley Energy Park to see progress on the scaled-up plant. Amazing work being
done in this groundbreaking technology! Thanks especially to Prof. Allan Walton, Nick Mann, and William Dawes
for making us feel so welcome”
William Dawes, CEO of Mkango Resources, commented: “We are pleased with the progress at Tyseley, where
we are integrating both new magnet manufacturing and sustainable recycling technologies in collaboration with
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the University of Birmingham. This facility will play a critical role in strengthening the UK’s rare earth magnet
supply chain and supporting the country’s clean energy transition. The visit from representatives of the DBT and
Office for Investment reaffirmed the importance of this project in driving forward the UK’s advanced
manufacturing and critical minerals strategy.”
Allan Walton, Head of the Magnetic Materials Group at the University of Birmingham and Founding Director
of HyProMag , commented: “The progress at Tyseley is a testament to the strong collaboration between
academia and industry, driving forward cutting -edge solutions for rare earth magnet recycling and
manufacturing. The integration of HPMS technology into a commercial-scale facility is a significant step towards
a more sustainable and secure supply chain for critical materials in the UK. We are proud to be working alongside
Mkango and Hy ProMag to pioneer this groundbreaking approach, reducing environmental impact while
reinforcing the UK’s leadership in advanced magnet technology.
The HPMS process enables efficient recovery of rare earth magnets from end-of-life components. Extracted alloy
powder is purified and can be directly converted into new magnets or fed into different parts of the global supply
chain:
• Short Loop Recycling: Direct remanufacturing into new magnets (developed by the University of
Birmingham).
• Medium Loop Recycling: Re-melting into new alloys.
• Long Loop Recycling: Chemical separation for refining into oxides and metals.
HyProMag holds exclusive rights to HPMS technology, supported by expertise from the University of
Birmingham’s Magnetic Materials Group (MMG). The technology is also being commerciali sed internationally,
with sister companies in the USA and Germany.
Figure 1: New HPMS reactor Figure 2: Gas lines being installed at Tyseley
Energy Park
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Figure 1: DBT, Office for Investment, University of Birmingham, HyProMag and Mkango site visit
About Mkango
Mkango is listed on the AIM and the TSX -V. Mkango’s corporate strategy is to become a market leader in the
production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited
(“Maginito”), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new
sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand
from electric vehicles, wind turbines and other clean energy technologies.
Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming
conversion of Maginito’s convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet
recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd
(“Mkango UK”), focused on long loop rare earth magnet recycling in the UK via a chemical route.
Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned
HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare earths project and an extensive rare earths, uranium,
tantalum, niobium, rutile, nickel and cobalt exploration portfolio in Malawi, and the Pulawy rare earths
separation project in Poland.
Songwe Hill is one of the few rare earths projects to have progressed to the Definitive Feasibility Stage, with an
expected life of mine of 18 years, producing a 55% mixed rare earth carbonate, yielding 1,953 tons per annum
of NdPr and 56 tons per annum of DyTb.
Mkango’s proposed Pulawy separation facility site, located in a Special Economic Zone in Poland, stands adjacent
to the EU’s second largest manufacturer of nitrogen fertilisers, and features established infrastructure, access to
reagents and utilities on site.
Mkango has signed a letter of Intent with Crown PropTech Acquisitions to list Mkango's Songwe Hill and Pulawy
Rare Earths Projects on NASDAQ via a SPAC Merger.
For more information, please visit www.mkango.ca
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information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been
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This news release contains forward -looking statements (within the meaning of that term under applicable
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expressed or implied by such forward -looking statements. Such factors and risks include, without li miting the
foregoing, receipt of TSX-V approval for the Subscription, the availability of (or delays in obtaining) financing to
develop Songwe Hill, and the various recycling plants in the UK, Germany and the US as well as the separation
plant in Poland, governmental action and other market effects on global demand and pricing for the metals and
associated downstream products for which Mkango is exploring, researching and developing, geological,
technical and regulatory matters relating to the development o f Songwe Hill, the ability to scale the HPMS and
chemical recycling technologies to commercial scale, competitors having greater financial capability and effective
competing technologies in the recycling and separation business of Maginito and Mkango, avai lability of scrap
supplies for recycling activities, government regulation (including the impact of environmental and other
regulations) on and the economics in relation to recycling and the development of the various recycling and
separation plants of Mka ngo and Maginito and future investments in the United States pursuant to the
cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the
feasibility studies, cost overruns, complexities in building and operating the pl ants, and the positive results of
feasibility studies on the various proposed aspects of Mkango’s, Maginito’s and CoTec’s activities. The forward-
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statements made by, third parties in respect of the matters discussed above.
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes Alexander Lemon
Chief Executive Officer President
[email protected] [email protected]
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
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