MKANGO MAGNETIC MATERIALS LIMITED
Capital Structure
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in mil. unless spec.Company Description
- CEO
- William Dawes
- Full Time Employees
- 28
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 550 Burrard Street Vancouver BC Canada V6C 0A3
- IPO Date
- Jun 15, 2016
- Website
- mkango.ca
- Similar Companies
- Business
- Mkango Resources Ltd. (TSX-V: MKA, AIM: MKA) is a Canadian mineral exploration and development company focused on rare earth elements and associated minerals, with operations centered on primary mining projects in Malawi and Poland alongside advanced rare earth magnet recycling and manufacturing through its 79.4%-owned subsidiary Maginito Limited, which is co-owned with CoTec Holdings Corp.; Maginito holds a 100% interest in UK-based HyProMag Ltd. for short-loop neodymium iron boron (NdFeB) magnet recycling via Hydrogen Processing of Magnet Scrap (HPMS) technology targeting production of recycled NdFeB alloy powder and magnets, a 90% interest in HyProMag GmbH for similar operations in Germany, a 100% interest in Mkango Rare Earths UK Ltd. for long-loop chemical recycling, and a 50/50 joint venture HyProMag USA LLC advancing HPMS recycling and magnet manufacturing facilities in Texas, South Carolina, and Nevada with commissioning targeted for mid-2027. The company explores and develops core rare earth projects including the advanced-stage Songwe Hill carbonatite-hosted deposit in southeast Malawi featuring a 2022 Definitive Feasibility Study, 2019 upgraded NI 43-101 Mineral Resource Estimate with Measured and Indicated Resources primarily accessible by open pit, a July 2024 Mining Development Agreement with the Government of Malawi, and complementary early-stage licenses such as Nkalonje rare earths, Thambani uranium-tantalum-niobium, Chimimbe nickel-cobalt, and Mchinji rutile; in Poland, it advances the Pulawy rare earth separation plant in partnership with Grupa Azoty Pulawy targeting 2,000 tonnes per year of neodymium/praseodymium oxides and 50 tonnes of dysprosium/terbium oxides fed by Songwe Hill mixed rare earth carbonate. Founded in 2011 and headquartered in Vancouver, Canada, Mkango serves clean energy markets including electric vehicles, wind turbines, and defense applications across North America, Europe, Asia, and Africa. Recent developments include first commercial sales of recycled NdFeB alloy powder from HyProMag UK's Tyseley facility equivalent to 3 tonnes oxidized powder with phased expansion to 1,000 tonnes per annum, commissioning of HyProMag Germany's HPMS vessel and sintering furnaces by end-2025 for Q1 2026 production up to 750 tonnes per annum, a July 2025 business combination agreement with Crown PropTech Acquisitions to list Mkango Rare Earths Limited on Nasdaq valuing Mkango's Songwe and Pulawy stake at US$400 million pre-expenses with Form F-4 filing targeted for Q1 2026, a September 2025 US$4.6 million reimbursable project funding agreement with the U.S. International Development Finance Corporation for Songwe Hill plus evaluation of a US$100 million loan, a post-quarter-end October 2025 £3 million equity raise, deployment of Inserma pre-processing units for end-of-life electronics recycling via partnership with Intelligent Lifecycle Solutions, a Make More in America financing letter of interest from the U.S. EXIM Bank up to US$92 million for HyProMag USA, and appointment of Hannam & Partners as joint broker in December 2025; both Songwe Hill and Pulawy are designated Strategic Projects under the European Union Critical Raw Materials Act.
Company News
Mkango Magnetic Materials Limited Announces Filing of Amended Form F-4
Cavendish sees 166% upside for Mkango on rare earth recycling growth
Mkango Magnetic Materials Limited Announces Exercise of Warrants
Mkango Resources Limited Announces Filing of Amended Form F-4
Mkango Resources Limited Announces HyProMag USA Advances Texas Hub & Magnet Platform
Mkango Resources Limited Announces Exercise of Options
Mkango Resources Limited Announces MKAR New Investor Presentation
Mkango Resources Limited Announces Filing of an Amended Registration Statement - F-4
Mkango Announces Results Of Annual General Meeting
Mkango Resources Limited Releases Q1 2026 Results
Mkango Resources Limited Announces Filing of Registration Statement on Form F-4
Mkango Resources Limited Announces Agreement With Heraeus To Acquire Heraeus Remloy
Mkango Resources Limited Announces Annual General and Special Meeting of Shareholders
Mkango Resources Limited Announces Year End 2025 Financial Statements and DFS
Mkango Resources Limited Announces Opening of Hypromag Plant in Pforzheim
Mkango Resources Limited - Hypromag Advances Uk Magnet Manufacturing
Mkango Resources Limited Announces Hypromag and Mkango Rare Earths UK to Collaborate
Mkango Resources Limited Announces TR1 Standard Form Notification of Major Holdings
Mkango Resources shares rise 5% after £12.5m raise to fund German acquisition
Mkango Resources shares rise 5% after £12.5m raise to fund German acquisition