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Mkango Resources Limited - Hypromag USA Advances Expansion To Three States
FOLLOWING COMPLETION OF EXPANSION CONCEPT STUDIES HYPROMAG USA ADVANCES EXPANSION TO THREE STATES SUPPORTING A PATH TOTRIPLE U.S. RARE EARTH MAGNET CAPACITY BY 2029 Completed concept studies for expansion of South Carolina and Nevada hubs, increasing ...
About this update from Mkango Resources Ltd.
[{"type":"text","content":"FOLLOWING COMPLETION OF EXPANSION CONCEPT STUDIES HYPROMAG USA ADVANCES EXPANSION TO THREE STATES SUPPORTING A PATH TOTRIPLE U.S. RARE EARTH MAGNET CAPACITY BY 2029","length":165,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Completed concept studies for expansion of South Carolina and Nevada hubs, increasing total HyProMag USA magnet and alloy production from 1,552 metric tons NdFeB to 4,656 metric tons NdFeB per annum, supporting scalable U.S. manufacturing strategy and reinforcing momentum towards a planned U.S. public listing","length":310,"tagName":"p"}]},{"val":[{"type":"text","content":"Greater than $2 billion post-tax NPV and 38.7% real IRR for expanded developments, based on forecast market prices [i] , support commencement of pre-feasibility studies for the expansions","length":187,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":497,"olType":false},{"type":"text","content":"CALGARY, AB / ACCESS Newswire / January 12, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango") is pleased to announce an update from HyProMag USA, LLC ("HyProMag USA") onthe completion of expansion concept studies (the "Expansion Concept Study") and the commencement of pre-feasibility studies for HyProMag USA's Plants located in South Carolina and Nevada, marking a significant step toward tripling its domestic manufacturing capacity by 2029. The studies support HyProMag USA's strategy to build a scalable platform across the U.S. for recycled neodymium-iron-boron (NdFeB) magnets and reinforce the Company's intention to pursue a U.S. public listing.","length":733,"tagName":"p"},{"type":"text","content":"The basis of the expansion studies is the recently completed Class 2 AACE [ii] capital cost estimate as part of the Detailed Engineering Design and Value Engineering Phase (the "Detailed Design") of the Company's first facility to be located at the Ironhead Commerce Center, Dallas-Fort Worth, Denton County, Texas (the "Texas Hub" or the "Project"). [iii]","length":390,"tagName":"p"},{"type":"text","content":"The Texas Hub 2025 Detailed Design base case was based on operating three Hydrogen Processing of Magnet Scrap("HPMS") vessels, with a post-tax Net Present Value ("NPV") applying...