Business
Mkango Resources Limited Announces Hypromag Commissioning Update For UK Plant
Highlights Commissioning of the short-loop magnet recycling and manufacturing plant at T...
About this update from Mkango Resources Ltd.
[{"type":"text","content":"Mkango Resources Limited Announces Hypromag Commissioning Update For UK PlantHighlightsCommissioning of the short-loop magnet recycling and manufacturing plant at Tyseley Energy Park is continuing to advance with past and upcoming major milestones as follows:Magnet manufacturing presses delivered and commissioned in December 2023Powder processing (sieving, blending, jet milling) plant delivered in July 2024Hydrogen Processing of Magnet Scrap (HPMS) vessel expected to be delivered in September 2024Infrastructure development by the contractors expected to commence in September 2024, with start-up of commercial operations now expected in Q1 2025The permitting process for commercial operations is well underway and proceeding as expectedThe plant is being commissioned by the University of Birmingham with the support of HyProMag, the main industrial partner for the project and exclusive HPMS licenceeInitial commercial production is expected at an approximate rate of 25 - 30 tonnes per year of recycled NdFeB based on 20% capacity utilisation for the first few months, with approximately two months of NdFeB scrap supply currently in inventoryThe main commercial product will initially be a recycled NdFeB alloy for magnet manufacturing or for chemical processing by third parties - this will be supplemented with production of recycled sintered NdFeB magnet blocks for product qualification purposes to support ongoing HyProMag customer discussions and further scale-upThe product suite will have a minimal carbon footprint, reflecting the highly energy efficient combination of HPMS with short-loop magnet manufacturing, with typical product specifications to be issued by HyProMag in due courseThe production potential at Tyseley is significantly higher, with potential for a minimum of 100-330 tonnes per year of recycled NdFeB at full capacity, as well as opportunities to expand production of sintered blocks and finished magnets, and significantly larger scale-up scenarios currently being evaluatedCALGARY, AB / ACCESSWIRE / July 24, 2024 / Mkango Resources Ltd. (AIMMKA)(TSX-V:MKA) (the \"Company\" or \"Mkango\") is pleased to provide an update on the commissioning of the short-loop rare earth magnet recycling and manufacturing plant at Tyseley Energy Park in Birmingham, UK. HyProMag limited (\"HyProMag\") is the main industrial partner for the pro...