SP Angel has reiterated is bullish view on Mkango Resources (AIM:MKA), wih a Buy rating, citing progress across its rare‑earth mining, separation and magnet recycling assets as the basis for the call.
The broker says Mkango is showing tangible operational advancement, with first production runs at the Tyseley HPMS magnet recycling facility in Birmingham and commissioning beginning at the Pforzheim plant in Germany.
SP Angel, in its note, also flags the standout figures of 9.2 tonnes of recycled NdFeB magnet material produced since July 2025, with 7.4 tonnes shipped, an initial UK throughput guide of 100-350 tpa with a phased evaluation to 1,000 tpa, and German permitting for up to 750 tpa.
The broker points investors to the forthcoming MKAR Nasdaq listing and continued commissioning and ramp‑up at HyProMag sites as the near‑term catalysts to monitor.
