MKANGORESOURCESLTD. 550BurrardStreet Suite2900 Vancouver
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MKANGORESOURCESLTD.
550BurrardStreet
Suite2900
Vancouver
BCV6C0A3
Canada
HYPROMAGUSAPURCHASESINSERMAPRE-PROCESSINGUNITS
FORTEXAS,NEVADAANDSOUTHCAROLINARAREEARTHMAGNETRECYCLINGHUBS
INTHEUNITEDSTATES
London/Vancouver: September 30 2025 – Mkango Resources Ltd (AIM / TSX-V:MKA) (the “Company” or
“Mkango”) is pleased to announce thatHyProMag USA, LLC (“HyProMag USA”) has purchased three skid-
mountedInsermaAnoiaS.L(“Inserma”)magnetandPrintedCircuitBoard(“PCB”)separationunits. TheInserma
and PCB units can be co-located at hyperscale data centers, shredding, recycling or HyProMag facilities. These
Insermaunitsrapidlyremove(at<2secondsperharddiskdrive(“HDD”))thevoicecoilmotor(“VCM”)containing
the rare earth magnet, providing a highly concentrated feed for subsequent Hydrogen Processing of Magnet
Scrap (“HPMS”) by HyProMag USA at the Texas facility. The technology package will further complete the
separation and removal of the PCBs, which contains precious metals, for recycling and sale. The three units will
be located and operated by Intelligent Lifecycle Solutions, LLC (“ILS”) as it continues stockpiling of feedstock for
theFortWorthfacility.
Julian Treger, Chief Executive of CoTec commented:“Weareveryexcitedtoseetherapiddevelopmentofthe
Insermapartnership.Pre-processingtechnologiesareakeyenablerandcompetitiveadvantageforHyProMag
USAasitprogresseswiththepurchaseoffeedstock.TheCompanyiscontinuingtoprogressitsdiscussionswith
therapidlyexpandinghyperscaledatacenterprovidersandoffersaclosedloopandsecurerecyclingnetwork
withintheUnitedStatesatthelowestcostandlowestcarbonfootprint.Furthermore,thebatchprocessdesign
oftheTexasfacilitywithseparateindividualfeedstockwastestreamssupportsconsistentfinishedgradesof
magnetsandblocks.
Will Dawes, Mkango CEO commented:“ThecombinationofHPMSandInsermatechnologiesdeliversacost
effective,lowCO 2andflexiblesolutionfortherecyclingofrareearthmagnetsfromHDDs,utilisedinhyperscale
datacentresandotherapplications.Thesetechnologies,coupledwiththeverysignificantAIdrivengrowth
anticipatedforhyperscaledatacentres,willunlockadditionalsourcesoffeedstocktosupportHyProMag’srapid
growth profile. The latter is further supported by accelerating demand for HyProMag’s recycled rare earth
magnetproducts,gearedtogrowthinphysicalAI,electricmobility,cleanenergyandotherapplications,together
withageopoliticalbackdropdrivingGovernmentsupporteddevelopmentofindependentandrobustdomestic
supplychains.”
HyProMagUSAFeasibilityStudy
The Feasibility Study includes the Texas Hub, and two pre-processing facilities located in South Carolina and
Nevadarespectively.InMarch2025,HyProMagUSAannouncedtheexpansionofthedetailedengineeringphase
to include three HPMS vessels i and that it was initiating concept studies for further expansion and
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complementary “Long Loop” recyclingii. The Texas Hub’s annual production is expected to be 750 metric tons
perannumofrecycledsinteredNdFeBmagnetsand807metrictonsperannumofassociatedNdFeBco-products
(total payable capacity – 1,557 metric tons NdFeB within five years of commissioning) over a 40-year operating
life. It is expected the production facility will provide significant optionality to supply the U.S. market with
additional NdFeB alloy powder while assisting in revitalising the U.S. magnet sector with the creation of 90-100
skilledmagnetmanufacturingjobs.
InMarch2025,HyProMagUSAannouncedtheresultsofanindependentISO-Compliantproductcarbonfootprint
study which confirmed an exceptionally low CO2footprint of 2.35 kg CO2eq. per kg of NdFeB cut sintered block
product.iii
In August 2025, HyProMag USA announced ILS had formally commenced its stockpiling of feedstockiv initiative
pursuant to the recently announced feedstock supply and pre-processing site share agreement between
HyProMagUSAandILS. v
InSeptember2025,HyProMagUSAannouncedthecommissioningofaConceptStudytoevaluatetheexpansion
ofitsoperationsintoNevadaandSouthCarolinaincollaborationwithILS. vi
In September 2025, HyProMag USA announced the commissioning of a Concept Study to evaluate long loop
recyclingwithWorleyGroupInc. vii
InsermaPartnership
In September 2024, Maginito Limited (“Maginito”) secured an exclusive agreement with Inserma to
commercialiseautomatedpre-processingofharddiscdrives,loudspeakersandelectricmotorsforHyProMag. viii
AboutHyProMagUSA
HyProMagUSALLCisowned50:50byCoTecHoldingsCorp.(TSXV:CTH;OTCQB:CTHCF)(“CoTec”)andHyProMag
Limited. HyProMag Limited is 100 per cent owned by Maginito Limited which is owned on a 79.4/20.6 per cent
basisbyMkangoandCoTec.
Formoreinformation,pleasevisit www.hypromagusa.com.
AboutMkangoResourcesLtd.
MkangoislistedontheAIMandtheTSX-V.Mkango’scorporatestrategyistobecomeamarketleaderinthe
productionofrecycledrareearthmagnets,alloysandoxides,throughitsinterestinMaginito,whichisowned
79.4percentbyMkangoand20.6percentbyCoTec,andtodevelopnewsustainablesourcesofneodymium,
praseodymium,dysprosiumandterbiumtosupplyacceleratingdemandfromelectricvehicles,windturbines
andothercleanenergytechnologies.
Maginitoholdsa100percent interest inHyProMaganda90percent direct andindirect 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
(“MkangoUK”),focusedonlonglooprareearthmagnetrecyclingintheUKviaachemicalroute.
Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50
ownedHyProMagUSALLCjointventurecompany.
MkangoalsoownstheadvancedstageSongweHillrareearthsprojectinMalawi(“Songwe”)andthePulawy
rare earths separation project in Poland (“Pulawy”). Both the Songwe and Pulawy projects have been
selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a
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Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare
earthsprojectsonNASDAQviaaSPACMerger.
Formoreinformation,pleasevisit www.mkango.ca
CautionaryNoteRegardingForward-LookingStatements
This news release contains forward-looking statements (within the meaning of that term under applicable
securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of
words such as “targeted”, “plans”, “expects” or “is expected to”, “scheduled”, “estimates” “intends”,
“anticipates”, “believes”, or variations of such words and phrases, or statements that certain actions, events or
results “can”, “may”, “could”, “would”, “should”, “might” or “will”, occur or be achieved, or the negative
connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as
there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By
their nature, forward-looking statements involve numerous assumptions, known and unknown risks and
uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur, which may cause actual performance and
results in future periods to differ materially from any estimates or projections of future performance or results
expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the
foregoing, the availability of(or delaysin obtaining)financing to develop Songwe Hill, and the variousrecycling
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
developmentofSongweHill,thevariousrecyclingplantsintheUK,GermanyandtheUSaswellastheseparation
plant in Poland, 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, availability of scrap supplies for recycling activities, government
regulation (including the impact of environmental and other regulations) on and the economics in relation to
recyclingandthedevelopmentofthevariousrecyclingandseparationplantsofMkangoandMaginitoandfuture
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
operatingtheplants,andthepositiveresultsoffeasibilitystudiesonthevariousproposedaspectsofMkango’s,
Maginito’sandCoTec’sactivities.Theforward-lookingstatementscontainedinthisnewsreleasearemadeasof
the date of this news release. Except as required by law, the Company disclaims any intention and assume no
obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation
to comment on the expectations of, or statements made by, third parties in respect of the matters discussed
above.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither
theTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Thispressreleasedoesnotconstituteanoffertosellorasolicitationofanoffertobuyanyequityorother
securitiesoftheCompanyintheUnitedStates.ThesecuritiesoftheCompanywillnotberegisteredunderthe
UnitedStatesSecuritiesActof1933,asamended(the"U.S.SecuritiesAct")andmaynotbeofferedorsoldwithin
theUnitedStatesto,orfortheaccountorbenefitof,U.S.personsexceptincertaintransactionsexemptfromthe
registrationrequirementsoftheU.S.SecuritiesAct.
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ihttps://mkango.ca/news/hypromag-usa-to-commission-scoping-study-to-triple-capacity-in-the-united-states-expanding-into-nevada-and-south-
carolina/
iiConventionalleach,extractionpurificationandprecipitationprocess
iiihttps://mkango.ca/news/hypromag-usas-iso-compliant-product-carbon-footprint-study-confirms-exceptionally-low-co-sub-2-sub-footprint-of-2.35-kg-
co-sub/
ivhttps://mkango.ca/news/hypromag-usa-commences-stockpiling-of-feedstock/
vhttps://mkango.ca/news/hypromag-usa-enters-into-agreement-with-global-electronics-recycler-intelligent-lifecycle-solutions-for-feedstock-supply-
and/
vihttps://mkango.ca/news/hypromag-usa-to-commission-scoping-study-to-triple-capacity-in-the-united-states-expanding-into-nevada-and-south-
carolina/
vii https://mkango.ca/news/hypromag-usa-project-update-for-its-rare-earth-magnet-recycling-and-manufacturing-plants-in-the-united-states/
viiihttps://mkango.ca/news/maginito-secures-exclusive-agreement-with-inserma-to-commercialise-automated-pre-processing-of-hard-disc-drives-
loudspeakers/
ForfurtherinformationonMkango,pleasecontact:
MkangoResourcesLimited
WilliamDawes AlexanderLemon
ChiefExecutiveOfficer President
[email protected] [email protected]
Canada:+14034445979
www.mkango.com
@MkangoResources
SPAngelCorporateFinanceLLP
NominatedAdviserandJointBroker
JeffKeating,JenClarke,DevikMehta
UK:+442034700470
AlternativeResourceCapital
JointBroker
AlexWood,KeithDowsing
UK:+44(020)45309160/77