Mkango Resources (LSE:MKA) announced that its subsidiary HyProMag officially opened a rare earth magnet recycling and manufacturing plant in Pforzheim, Germany, with the ceremony presided over by Stefan Rouenhoff, Parliamentary State Secretary of the Federal Ministry for Economic Affairs and Energy.
The opening was highlighted in a UK‑Germany joint government statement on critical raw materials at the bilateral Business Government Forum, which named HyProMag’s expansion as a practical demonstration of both nations’ commitment to diversifying and de‑risking supply chains.
The Plant comprises a commercial‑scale sintered magnet recycling and manufacturing line underpinned by the patented Hydrogen Processing of Magnet Scrap (HPMS) technology developed at the University of Birmingham and exclusively licensed to HyProMag.
The Pforzheim site is fully permitted to produce up to 750 tonnes per annum of neodymium‑iron‑boron (NdFeB) magnets and alloys, with an initial minimum capacity of approximately 100 tpa rising to circa 350 tpa once fully commissioned and a phased scale‑up to 750 tpa under evaluation.
HyProMag completed first commissioning runs of the HPMS reactor and has sequential commissioning of other major equipment underway, as announced on 9 April.
Mkango, listed on AIM and the TSX‑V, owns 79.4% of Maginito, which holds 100% of HyProMag and a 90% direct and indirect interest in HyProMag (assuming conversion of Maginito’s convertible loan), and Maginito and CoTec are deploying HPMS into the US via a 50/50 HyProMag USA joint venture.
Mkango frames the plant as expanding short‑loop recycling capacity in Germany to support resilience in key industries such as automotive as the transition to electric vehicles accelerates.
HyProMag is targeting phased scale‑ups and completion of full commissioning over the next three years.
