Mkango Resources will trade as Mkango Magnetic Materials from 23 September, marking its shift from raw material developer to downstream rare earth magnet recycling and manufacturing.

It has closed its purchase of German rare earth magnet recycler Remloy from Heraeus Amloy Technologies for €8 million, adding a third recycling process to its European supply chain.

The joint venture will bring forward finished magnet production to the first half of 2027, ahead of fully integrated recycling operations targeted for the second quarter of 2028.

SP Angel continues to see the small-cap resource stock as a Buy, as the firm's American venture took a big step forward by commiting to a 125,000sqft Dallas-Fort Worth facility.

London stockbroker SP Angel has assigned a Buy to Mkango Resources after the company filed a Form F‑4 with the US SEC to progress a proposed business combination that would list Mkango Rare Earths (MKAR) on Nasdaq.

The small-cap resources firm has agreed to buy the Remloy rare‑earth magnet recycling business from Heraeus for €8m, adding a commissioned NdFeB alloy plant in Germany.

SP Angel says Mkango's operational progress at its HPMS recycling sites and a looming MKAR Nasdaq listing underpin a Buy on the junior rare‑earths developer.

In the year, Mkango Resources filed an NI 43‑101 Definitive Feasibility Study for the Songwe Hill project, released FY2025 financials and disclosed that its MKAR subsidiary has confidentially filed a Form F‑4 for a proposed SPAC business combination that implies a US$400m pro‑forma valuation of Mkango's MKAR stake.

Mkango Resources’ subsidiary HyProMag has officially opened a commercial-scale rare earth magnet recycling and manufacturing plant in Pforzheim, Germany, using the University of Birmingham‑developed HPMS process licensed exclusively to HyProMag.

Mkango Resources Ltd's HyProMag has supplied recycled NdFeB magnets to Siemens and reported production and customer qualifications as its Tyseley Energy Park manufacturing and recycling facility moves from commissioning toward commercial output.