HyProMag Showcases Its Rare Earth Magnet Recycling and Manufacturing Projects at The Minerals Security Partnership Meeting In Brussels
HyProMag presented its rare earth magnet recycling and manufacturing projects at the Minerals Security Partnership (MSP) meeting in Brussels. The company is commercializing the patented Hydrogen Processing of Magnet Scrap (HPMS) technology across multiple regions: United Kingdom and Germany (2025), and United States (2027). The HPMS technology, developed at the University of Birmingham Magnetic Materials Group, has received approximately US$100 million in R&D funding.
The technology offers significant competitive advantages over other recycling methods by effectively addressing the challenge of extracting magnets from end-of-life scrap streams. HyProMag was among the first projects selected by MSP for support due to its potential in developing responsible critical mineral supply chains.
HyProMag ha presentato i suoi progetti di riciclaggio e produzione di magneti a terre rare durante l'incontro del Minerals Security Partnership (MSP) a Bruxelles. L'azienda sta commercializzando la tecnologia brevettata Hydrogen Processing of Magnet Scrap (HPMS) in diverse regioni: Regno Unito e Germania (2025), e Stati Uniti (2027). La tecnologia HPMS, sviluppata presso il Gruppo di Materiali Magnetici dell'Università di Birmingham, ha ricevuto circa 100 milioni di dollari USA in finanziamenti per ricerca e sviluppo.
Questa tecnologia offre vantaggi competitivi significativi rispetto ad altri metodi di riciclaggio, affrontando efficacemente la sfida di estrarre magneti dai flussi di rottami a fine vita. HyProMag è stato uno dei primi progetti selezionati dal MSP per ricevere supporto grazie al suo potenziale nello sviluppo di catene di approvvigionamento responsabili di minerali critici.
HyProMag presentó sus proyectos de reciclaje y fabricación de imanes de tierras raras en la reunión del Minerals Security Partnership (MSP) en Bruselas. La empresa está comercializando la tecnología patentada Hydrogen Processing of Magnet Scrap (HPMS) en varias regiones: Reino Unido y Alemania (2025), y Estados Unidos (2027). La tecnología HPMS, desarrollada en el Grupo de Materiales Magnéticos de la Universidad de Birmingham, ha recibido aproximadamente 100 millones de dólares estadounidenses en financiación para I+D.
Esta tecnología ofrece ventajas competitivas significativas sobre otros métodos de reciclaje al abordar eficazmente el desafío de extraer imanes de flujos de chatarra al final de su vida útil. HyProMag fue uno de los primeros proyectos seleccionados por el MSP para recibir apoyo debido a su potencial en el desarrollo de cadenas de suministro responsables de minerales críticos.
HyProMag는 브뤼셀에서 열린 Minerals Security Partnership (MSP) 회의에서 희토류 자석 재활용 및 제조 프로젝트를 발표했습니다. 이 회사는 여러 지역에서 특허받은 Hydrogen Processing of Magnet Scrap (HPMS) 기술을 상용화하고 있으며, 지역으로는 영국과 독일(2025년), 그리고 미국(2027년)이 포함됩니다. HPMS 기술은 버밍엄 대학교 자성 물질 그룹에서 개발되었으며, 약 1억 달러의 연구 및 개발 자금을 받았습니다.
이 기술은 사용이 종료된 스크랩에서 자석을 효과적으로 추출하는 문제를 해결함으로써 다른 재활용 방법에 비해 상당한 경쟁 우위를 제공합니다. HyProMag은 책임 있는 주요 광물 공급망 개발의 잠재력 덕분에 MSP가 지원하기로 선택한 최초의 프로젝트 중 하나입니다.
HyProMag a présenté ses projets de recyclage et de fabrication d'aimants à terres rares lors de la réunion du Minerals Security Partnership (MSP) à Bruxelles. L'entreprise commercialise la technologie brevetée Hydrogen Processing of Magnet Scrap (HPMS) dans plusieurs régions : Royaume-Uni et Allemagne (2025), et États-Unis (2027). La technologie HPMS, développée au sein du Groupe de Matériaux Magnétiques de l'Université de Birmingham, a reçu environ 100 millions de dollars américains de financement pour la recherche et le développement.
Cette technologie offre d'importants avantages concurrentiels par rapport à d'autres méthodes de recyclage en répondant efficacement au défi d'extraire des aimants des flux de déchets en fin de vie. HyProMag a été l'un des premiers projets sélectionnés par le MSP pour bénéficier d'un soutien en raison de son potentiel dans le développement de chaînes d'approvisionnement responsables pour les minéraux critiques.
HyProMag stellte seine Recycling- und Fertigungsprojekte für Seltenmetallmagnete auf dem Treffen des Minerals Security Partnership (MSP) in Brüssel vor. Das Unternehmen commercialisiert die patentierte Hydrogen Processing of Magnet Scrap (HPMS)-Technologie in mehreren Regionen: Großbritannien und Deutschland (2025) und den Vereinigten Staaten (2027). Die HPMS-Technologie, die in der Magnetmaterialgruppe der Universität Birmingham entwickelt wurde, hat rund 100 Millionen US-Dollar an Fördergeldern für Forschung und Entwicklung erhalten.
Diese Technologie bietet erhebliche Wettbewerbsvorteile gegenüber anderen Recyclingmethoden, da sie die Herausforderung, Magnete aus Altschrottströmen zu extrahieren, effektiv angeht. HyProMag war eines der ersten Projekte, die vom MSP zur Unterstützung ausgewählt wurden, aufgrund ihres Potenzials zur Entwicklung verantwortungsvoller Lieferketten für kritische Minerale.
- Secured early support from MSP, indicating strong governmental backing
- Planned expansion into multiple major markets (UK, Germany, US) by 2027
- Technology backed by substantial US$100M R&D investment
- Exclusive license for HPMS technology with competitive advantages over existing solutions
- None.
LONDON, UK and VANCOUVER, BC / ACCESSWIRE / December 13, 2024 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) and CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec") are pleased to announce that HyProMag Ltd. ("HyProMag") presented its rare earth magnet recycling and manufacturing projects during yesterday's Minerals Security Partnership ("MSP") meeting in Brussels.
The following statement was released by the Governments of the Republic of Korea (ROK) and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, Sweden, the United Kingdom, the United States of America, and the European Commission following conclusion of the Meeting: Joint Statement on the High-Level Minerals Security Partnership Forum Events in Brussels - United States Department of State
HyProMag is commercialising the patented Hydrogen Processing of Magnet Scrap ("HPMS") technology in the United Kingdom (2025), Germany (2025) and United States (2027), and evaluating other jurisdictions, including a collaboration with Envipro in Japan.
HPMS technology was developed at the University of Birmingham Magnetic Materials Group and is exclusively licenced to HyProMag. The technology is underpinned by approximately US
HyProMag was one of the first projects to be selected by the MSP for support given its strong potential to contribute towards the development of responsible critical mineral supply chains: Joint Statement on the Minerals Security Partnership Announce Support for Mining, Processing, and Recycling Projects - United States Department of State
About Mkango Resources Ltd.
Mkango is listed on the AIM and the TSX-V. 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 turbines and other clean energy technologies.
Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.
Maginito and CoTec are also rolling out HyProMag's recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company. HyProMag is also evaluating other jurisdictions, and recently launched a collaboration with Envipro on rare earth magnet recycling in Japan.
Mkango also owns the advanced stage Songwe Hill rare earths project and an extensive rare earths, uranium, tantalum, niobium, rutile, nickel and cobalt exploration portfolio in Malawi, and the Pulawy rare earths separation project in Poland.
For more information, please visit www.mkango.ca
About CoTec Holdings Corp.
CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX- V") and the OTCQB and trades under the symbol CTH and CTHCF respectively. CoTec is an environment, social, and governance ("ESG")-focused company investing in innovative technologies which have the potential to fundamentally change the way metals and minerals can be extracted and processed for the purpose of applying those technologies to undervalued operating assets and recycling opportunities, as it transitions into a mid-tier mineral resource producer.
CoTec is committed to supporting the transition to a lower carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. It has made four investments to date and is actively pursuing operating opportunities where current technology investments could be deployed.
For more information, please visit www.cotec.ca.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango and CoTec. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "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 cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, 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 not occur, which may cause actual performance and results in future periods to differ materially from any estimates 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 successful conclusion of the MDA, the availability of (or delays in obtaining) financing to develop Songwe Hill, the Recycling Plants being developed by Maginito in the UK, Germany and the US (the "Maginito Recycling Plants"), the results of the Feasibility Study and the Pulawy Separation Plant, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, commercial viability of Inserma Processing Units, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's 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 Maginito Recycling Plants, and the Pulawy Separation Plant and future investments in the United States pursuant to the proposed cooperation agreement between 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 proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company and CoTec disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company and CoTec undertake no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.ca
alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Caroline Rowe
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5
For further information on CoTec, please contact:
CoTec Holdings Corp.
Braam Jonker
Chief Financial Officer
braam.jonker@cotec.ca
Canada: +1 604 992-5600
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
SOURCE: CoTec Holdings Corp.
View the original press release on accesswire.com
FAQ
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