MKANGORESOURCESLTD. 550BurrardStreet Suite2900 Vancouver
MKANGORESOURCESLTD.
550BurrardStreet
Suite2900
Vancouver
BCV6C0A3
Canada
MKANGOSUBSIDIARY,HYPROMAG,COMMISSIONSSECONDUKINSERMAUNITFORRAPIDAUTOMATEDPRE-
PROCESSINGOFHARDDISKDRIVESANDRECYCLINGOFRAREEARTHSANDPRECIOUSMETALS
London / Vancouver: March 9, 2026– Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) is pleased to
announce that HyProMag Limited (“HyProMag”) hassuccessfully commissioned a second automated hard disk
drive(“HDD”)pre-processingunitintheUK,co-locatedattherecentlyopenedcommercialscalemagnetrecycling
andmanufacturingfacilityatTyseleyEnergyPark,Birmingham.
Highlights:
Cutting-edge technology developed and manufactured by HyProMag partner, Inserma Anoia S.L.
(“Inserma”),toseparatethemagnetandprintedcircuitboardassemblies(PCBA)fromHDDsinseconds
Aspartofthecommissioningphase,abatchof13,000HDDsisbeingprocessedatTyseley,withpotential
foroneunittoprocessmorethan30,000HDDsperweekonasingleshiftoncefullycommissioned
TheseparatedmagnetassembliesfromtheHDDswillbeprocessedviathepatentedHydrogenProcessing
ofMagnetScrap(HPMS)technologybeingcommercialisedbyHyProMag,andthePCBAswillbesoldfor
preciousmetalsrecovery
Low-cost sustainable automated solution, maximising potential value recovery and recyclability of
criticalelementsintheHDD
The technology is being rolled-out into multiple jurisdictions with partners, Inserma, Intelligent Lifecycle Solutions
Limited (“ILS”) and CoTec Holdings Limited (“CoTec”), with further units already delivered for commissioning at
HyProMag GmbH’s facility in Pforzheim, Germany, and to HyProMag USA as per the following press release:
HyProMagUSAadvancesUSHub&SpokeStrategy
William Dawes, Chief Executive of Mkango and Director of HyProMag commented: “This is the second
groundbreakingtechnologytobebroughttocommercialscalebyHyProMaganditspartners.Complementaryto
the HPMS technology being commercialised in the UK, Germany and USA, the Inserma technology unlocks a
burgeoningsourceofNdFeBfeedstockfromHDDs,gearedtolarge-scaledatacentredeploymentonaglobalscale
whichisexpectedtobeamajorsourceofend-of-lifeHDDs.AfivetimesgrowthindatacentresisexpectedinEurope
alone.”
Nick Mann, Managing Director of HyProMag Ltd commented:“WithmillionsofHDDsreachingendoflifeevery
yearatdatacentresacrosstheUK,theopportunitytorecovercriticalmaterialsisobvious.WithPCBAseparation,
magnetseparationandthecentrespindleremoval,theInsermatechnologynotonlyenablesmaterialrecoverybut
alsoenhancesdatadestructionprocessesandcanevenlowerthosecosts.So,withcriticalmaterialrecovery,value
add,improvedsustainabilityandloweroperatingcostsfordatadestruction,thisisararecasewhereallstakeholders
cansharethebenefits.”
Paco Ortiz, Director of Inserma commented:“We have a longstanding working relationship with HyProMag,
UniversityofBirminghamandUniversityofPforzheim,andweareveryexcitedtoseetheInsermatechnologybeing
deployed on a commercial scale. This creates a strong platform for Inserma to expand its reach internationally,
leveraging off the network of relationships which HyProMag, Mkango and CoTec bring to the table, whilst
capitalisingonthemanysynergiesbetweenourbusinesses. ”
JonGodfrey,DirectorofILSLtdcommented: “WeareexcitedtoseethiscollaborativeeffortbetweenILS,HyProMag
and Inserma come to fruition. With the first UK Inserma unit already commissioned at the ILS site in Airdrie, the
additionofthePCBAtothisunitandthecommissioningofthesecondfullInsermaunitatTyseley,HyProMagand
ILSarewellpositionedtocapturethisgrowingsourceoffeedstockfromHDDs.”
TheInsermaTechnology
In September 2024, Maginito (Mkango 79.4%, CoTec 20.6%) secured an exclusive agreement with Inserma to
commercialiseautomatedpre-processingofHDDs,loudspeakersandelectricmotorsforHyProMag i.
The Inserma pre-processing technology for HDDs in combination with HyProMag’s HPMS technology has major
benefits for sustainable, secure and low-cost recycling of HDDs as outlined in the following video:HyProMag UK -
InsermaHDDPre-processingUnit
Keyadvantages:
Rapid automated recovery of magnet assembly and PCBA for recovery of rare earths and precious metals
inseparateproductstreams;
Basedonworkto-date,magnetandPCBAremovaloccursinapproximately3secondsperHDD,withfurther
opportunities to reduce processing times, and the potential to process more than 30,000 HDDs
(approximately 15 tonnes HDDs) per unit per 5 day week on a single 8 hour shift with the option to run
multiplepre-processingunitsonmultipleshifts;
Avoids shredding of magnet and precious metal containing components, thereby maximising value
recovery;
Simultaneousremovalofmagnetandcentrespindlefurtherfacilitatessubsequentshredding,andreduces
bladebreakage,costsandcarbonfootprint;
SecuredatadestructionoftheremainderoftheHDDcanremainonsite;
No heat treatment or dismantling required for magnet recovery, and production of separated streams
facilitatesdownstreamprocesses;
ProcessingofthemagnetstreambyHPMSproducesacleanpowderforeithershortlooprecyclingorlong
loopchemicalprocessing,whichareatcommercialandpilotscaleatTyseley,respectively.
Future Inserma units for HDDs can be co-located at hyperscale data centres, mobile or stationary shredding
facilities, smelters, third party recycling sites or HyProMag facilities, and HyProMag is engaging with hyperscalers
andHDDrecyclingcompaniesinmultiplejurisdictionsglobally.
Other collaborations with Inserma include pre-processing solutions for recycling of magnets from loudspeakers
pursuanttothecollaborationwithAreera: News|MkangoResourcesLtd.
AboutMkangoResourcesLtd.
Mkango is listed on the AIM and the TSX-V Stock Exchanges. 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, 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
turbinesandothercleanenergytechnologies.
Maginitoholdsa100percentinterestinHyProMagLimitedanda90percentdirectandindirectinterest(assuming
conversionofMaginito’sconvertibleloan)inHyProMagGmbH,focusedonshortlooprareearthmagnetrecycling
in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd (“Mkango UK”),
focusedonlonglooprareearthmagnetrecyclingintheUKviaachemicalroute.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi (“Songwe”) and the Pulawy rare
earths separation project in Poland (“Pulawy”). Both the Songwe and Pulawy projects have been selected as
StrategicProjectsundertheEuropeanUnionCriticalRawMaterialsAct.MkangohassignedaBusinessCombination
Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ
viaaSPACMergerunderthenameMkangoRareEarthsLimited.
Formoreinformation,pleasevisit www.mkango.ca
ForfurtherinformationonMkango,pleasecontact:
MkangoResourcesLimited
WilliamDawes AlexanderLemon
ChiefExecutiveOfficer President
[email protected] [email protected]
Canada:+14034445979
www.mkango.ca
@MkangoResources
MontfortCommunications
NickMiles,Ann-marieWilkinson,JackHickman
UK:+442035140897
SPAngelCorporateFinanceLLP
NominatedAdviserandJointBroker
JeffKeating,JenClarke,DevikMehta
UK:+442034700470
AlternativeResourceCapital
JointBroker
AlexWood,KeithDowsing
UK:+44(020)45309160/77
H&PAdvisoryLimited
JointBroker
AndrewChubb,LeifPowis,JayAshfield
UK:+442079078500
MarketAbuseRegulation(MAR)Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information
asstipulatedundertheMarketAbuseRegulations(EU)No.596/2014('MAR')whichhasbeenincorporatedintoUK
law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory
InformationService,thisinsideinformationisnowconsideredtobeinthepublicdomain.
CautionaryNoteRegardingForward-LookingStatements
Thisnewsreleasecontainsforward-lookingstatements(withinthemeaningofthattermunderapplicablesecurities
laws)withrespecttoMkango.Generally,forwardlookingstatementscanbeidentifiedbytheuseofwordssuchas
“targeted”,“plans”,“expects”or“isexpectedto”,“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
cautionednottoplaceunduerelianceonforward-lookingstatements,astherecanbenoassurancethattheplans,
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
notoccur,whichmaycauseactualperformanceandresultsinfutureperiodstodiffermateriallyfromanyestimates
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 delays in obtaining) financing to
developSongweHill,andthevariousrecyclingplantsintheUK,GermanyandtheUSaswellastheseparationplant
in Poland, governmental action and other market effects on global demand and pricing for the metals and
associateddownstreamproductsforwhichMkangoisexploring,researchinganddeveloping,geological,technical
andregulatorymattersrelatingtothedevelopmentofSongweHill,thevariousrecyclingplantsintheUK,Germany
and the US as well as the separation 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 recycling and the development of the various recycling and separation plants of
MkangoandMaginitoandfutureinvestmentsintheUnitedStatespursuanttothecooperationagreementbetween
Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns,
complexities in building and operating the plants, and the positive results of feasibility studies on the various
proposedaspectsofMkango’s,Maginito’sandCoTec’sactivities.Theforward-lookingstatementscontainedinthis
news release are made as of the date of this news release. Except as required by law, the Company disclaims any
intentionandassumenoobligationtoupdateorreviseanyforward-lookingstatements,whetherasaresultofnew
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
themattersdiscussedabove.
TheTSXVentureExchangehasneitherapprovednordisapprovedthecontentsofthispressrelease.Neitherthe
TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
VentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthisrelease.
i https://mkango.ca/news/maginito-secures-exclusive-agreement-with-inserma/
Thispressreleasedoesnotconstituteanoffertosellorasolicitationofanoffertobuyanyequityorothersecurities
oftheCompanyintheUnitedStates.ThesecuritiesoftheCompanywillnotberegisteredundertheUnitedStates
SecuritiesActof1933,asamended(the"U.S.SecuritiesAct")andmaynotbeofferedorsoldwithintheUnitedStates
to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration
requirementsoftheU.S.SecuritiesAct.