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Mkango Resources and HyProMag to Collaborate in Major New Grant-Funded Project to Recycle Rare Earth Magnets From Electronic Waste, Electric Motors and Wind Turbines for the UK Supply Chain
Highlights Mkango Rare Earths UK Ltd (“Mkango UK”) is pleased to announce it will collaborate with HyProMag, Bowers & Wilkins (“B&W Group”), European Metal Recy
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[{"type":"text","content":" Highlights Mkango Rare Earths UK Ltd (“Mkango UK”) is pleased to announce it will collaborate with HyProMag, Bowers & Wilkins (“B&W Group”), European Metal Recycling (\"EMR\"), GKN Automotive Innovation Centre (“GKN Automotive\"), Jaguar Land Rover and University of Birmingham (“UoB”) in the Driving the Electric Revolution challenge at UK Research and Innovation grant funded project, “Secure Critical Rare Earth Magnets for UK” (“SCREAM” or the “Project”) SCREAM will establish a recycled source of rare earth magnets in the UK to provide greater security of supply to UK industry, whilst aiming to achieve a 10% reduction in cost and a significant reduction in environmental impact, with an estimated 88% less energy for short loop (i.e. magnet to magnet) recycled magnets versus primary mining to separation to metal alloy to magnet production The Project includes pilot plants for short loop recycling, encompassing scrap pre-processing, HPMS (Hydrogen Processing of Magnet Scrap) and production of recycled sintered magnets, as well as for complementary recycling routes, namely remelting and strip casting to produce neodymium, iron, and boron (“NdFeB”) alloys as well as chemical processing Mkango UK’s role in the Project is to establish a pilot plant in the UK to chemically process recycled HPMS NdFeB powder and magnet swarf (i.e. the powder produced from grinding and finishing magnets) from a range of scrap sources including electronic waste, electric motors and wind turbines, complementing the short loop magnet recycling routes being developed in parallel HyProMag will work with UoB to develop a new semi continuous version of the HPMS process and to produce short loop recycled sintered magnets at multiple grades to match the requirements for a range of applications LONDON and VANCOUVER, British Columbia, March 14, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) is pleased to announce that its 100% owned subsidiary, Mkango UK, is collaborating with B&W Group, EMR, GKN Automotive, HyProMag, Jaguar Land Rover and UoB in a £3.4 million magnet recycling project, SCREAM, of which £2.4 million or 71% will be funded by Driving the Electric Revolution, an Industrial Strategy Challenge Fund challenge delivered by UK Research and Innovation (UKRI). The budget for Mkango UK’s chemical proces...