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Mkango & CoTec Update

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Wed, May 17, 2023 at 11:00 AMendedReplay
Mkango & CoTec Update

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Meeting Overview The meeting focused on Kotek's partnership with Mekango and the announcement of their intention to convert stock in Mekango into a stake in Magneto. The discussion highlighted the strategic importance of this move, especially in addressing the U.S. needs for rare earth processing and mining, and included a presentation on the growth opportunities in the rare earth sector. Key Discussion Points - Kotek's announcement regarding the conversion of stock in Mekango into a stake in Magneto. - The strategic importance of rare earth processing and mining for U.S. security. - Overview of HyperMag's development and its international operations in the UK, Germany, and the U.S. - The potential of the new technology developed at the University of Birmingham for recycling rare earth materials. - The expected growth in demand for rare earth materials driven by electric vehicles and clean energy technologies. - The current structure of Magneto and Kotek’s increasing stake in the co...

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[Speaker identities could not be resolved; generic labels used] [00:07] Speaker 1: Hi everyone, welcome to Kotek and Mekango's live summit today, hosted by 6. I'm pleased to introduce Kotek's president and CEO, Julian Treger, who is on the call with us and audio only, as well as Mekango CEO and co-founder William Dawes. Julian and Will are gonna be going over their latest news and Will's gonna then be going through a presentation, but after we're gonna be entering into a live Q&A session where you can ask any question that you like and you're free to submit those questions in the Q&A chat found on the right-hand side of your screen. If you'd like to get in touch with the team, feel free to fill out the survey that's linked at the top of the chat. And as always, this event is being recorded and it's going to be available on six.com in the coming days. So look out for that if you want to refresh. Without further ado, Julian, I'm gonna pass things over to you just so that you can provide a bit of a state of the world. [00:50] Speaker 2: Thank you very much, Cam, and welcome all of those who are tuning in for this [00:57] Speaker 2: exciting presentation [00:59] Speaker 2: about Kotex [01:01] Speaker 2: partnership [01:02] Speaker 2: with [01:03] Speaker 2: Magneto. [01:05] Speaker 2: As those who follow Kotex will have seen we've made a number of really interesting announcements [01:13] Speaker 2: over the past couple of days [01:16] Speaker 2: and indeed [01:17] Speaker 2: today we announced [01:19] Speaker 2: our intention [01:20] Speaker 2: to convert our stock [01:24] Speaker 2: in [01:25] Speaker 2: Macango [01:26] Speaker 2: into [01:31] Speaker 2: a stake in Magneto. [01:34] Speaker 2: And [01:35] Speaker 2: as well as obviously we are progressing [01:38] Speaker...