RCS - Mkango Resources Ltd - HYPROMAG AND ILS COMMISSION PRE-PROCESSING SYSTEM

Mkango ResourcesAnnouncement

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RNS Number : 7505W  Mkango Resources Limited  16 March 2026

 

 

 

 

 

MKANGO RESOURCES
LTD.

550 Burrard
Street

Suite
2900

Vancouver

BC V6C
0A3

Canada

 

 

HYPROMAG USA AND INTELLIGENT LIFECYCLE SOLUTIONS COMMISSION INSERMA RARE EARTH
MAGNET PRE-PROCESSING SYSTEM IN SOUTH CAROLINA

 

·    Commissioning of Inserma hard disk drive magnet pre-processing system
at the ILS facility in Williston, South Carolina

·    Operational milestone advances U.S. rare earth magnet recycling
platform and supports domestic supply chains for advanced manufacturing and AI
infrastructure

·    The Williston site houses two automated mobile skid-mounted Inserma
pre-processing units that separate magnet assemblies from end-of-life hard
disk drives in approximately three seconds per drive, with combined capacity
exceeding 60,000 drives per week.

 

London / Vancouver: March 16, 2026 - Mkango Resources Ltd (AIM / TSX-V:MKA)
("Mkango") is pleased to announce that HyProMag USA, LLC ("HyProMag USA" or
the "Company"), a U.S. rare earth magnet recycling and manufacturing company,
in partnership with global electronics recycling company Intelligent Lifecycle
Solutions ("ILS"), hosted a commissioning event for the Inserma hard disk
drive magnet separation system installed at the ILS facility in Williston,
South Carolina on Friday 13(th) March.

 

The commissioning marks an operational milestone in HyProMag USA's growing
U.S. rare earth magnet recycling platform and represents the first stage of
feedstock preparation supporting the Company's broader "hub-and-spoke"
manufacturing strategy. Under this model, magnet-bearing materials are
recovered and pre-processed at regional facilities before being supplied to
HyProMag USA's planned rare earth magnet recycling and manufacturing hub in
Dallas-Fort Worth, Texas.

 

The Williston facility forms part of HyProMag USA's broader U.S. development
platform, which is expected to support the creation of approximately 90-100
skilled jobs across the Company's U.S. operations as facilities are developed
and commissioned. At the Williston site, ILS is supporting the initial
feedstock processing operations for HyProMag USA's magnet recycling platform,
with four positions currently in place and plans to add approximately four
additional roles as operations ramp up. The South Carolina facility will
support the preparation of feedstock for HyProMag USA's planned rare earth
magnet recycling and manufacturing hub 1  in Dallas-Fort Worth Texas.

 

Federal Support for Advanced Manufacturing

The commissioning event was attended by federal, state and regional leaders
who highlighted the importance of expanding domestic capabilities in critical
materials and advanced manufacturing.

 

"This investment demonstrates how South Carolina continues to attract
innovative companies to build the technologies that will power the next
generation of American manufacturing - creating jobs," said Congressman Joe
Wilson. "Rare earth minerals are critical to our national security, and we
must take control of our domestic manufacturing and supply chains to protect
American interests."

 

Building a Domestic Rare Earth Magnet Supply Chain

"We're grateful to Congressman Wilson and the many state and local South
Carolina leaders who joined us today to mark this important milestone," said
Julian Treger, CEO of CoTec Holdings Corp. (supporting HyProMag USA).
"Partnership and community support are essential as we work to establish a new
domestic platform for rare earth magnet recycling and manufacturing in the
United States. Through collaborations with companies like ILS and strong
engagement with local stakeholders, HyProMag USA is building the feedstock
supply chains and operational capabilities needed to support large-scale
magnet production in the years ahead."

 

"We're proud to host this commissioning at our Williston facility and to work
alongside HyProMag USA to advance rare earth magnet recycling in the United
States," said Graham Davy, CEO, Intelligent Lifecycle Solutions. "By deploying
advanced separation technology at this site, we're expanding our ability to
recover critical materials from end-of-life electronics and prepare them for
the next stage of recycling and manufacturing."

 

 Local leaders and regional economic development partners also welcomed the
project:

"On behalf of Barnwell County Council, I would like to welcome HyProMag USA to
Barnwell County and thank them for choosing to partner with Intelligent
Lifecycle Solutions here in the town of Williston," said Barnwell County
Council Chairman Freddie Houston. "We look forward to working with you, and
the county stands ready to assist in any way that we can. We wish you
continued success and thank you for choosing Barnwell County to locate your
operations."

 

"SouthernCarolina Alliance congratulates Barnwell County and Intelligent
Lifecycle Solutions on this strategic partnership with HyProMag USA in rare
earth magnet recycling, said SouthernCarolina Alliance President and CEO Danny
Black. "The work that HyProMag USA and ILS are doing not only creates jobs and
investment in our region, but also support sustainability, strengthens our
environment and enhances national security. We welcome these critical
recycling operations to our region, which support both innovation and a
greener, safer future."

 

Momentum Toward U.S. Commercial Scale

The South Carolina operation forms part of HyProMag USA's broader development
strategy to establish a scalable domestic rare earth magnet recycling and
manufacturing platform. Separately, HyProMag's broader global magnet recycling
platform is being developed through Maginito Limited, the parent company of
HyProMag Limited, with partners including Mkango Resources, CoTec Holdings and
Inserma. Recent deployments include Inserma units commissioned in the United
Kingdom, with additional facilities planned in Germany. 2 

 

The Williston facility will focus on the recovery of neodymium-iron-boron
("NdFeB") magnets from end-of-life hard disk drives and other electronic
equipment. The Inserma system separates magnet assemblies in approximately
three seconds per drive. Each unit has the potential to process more than
30,000 hard disk drives per week on a single shift once fully operational,
creating a scalable feedstock source for HyProMag USA's recycling platform.

 

This process represents an example of "urban mining," recovering valuable rare
earth materials from end-of-life electronics and industrial equipment rather
than extracting them through traditional mining. These materials are used
across a wide range of technologies including electric vehicles, robotics,
defense systems, advanced electronics, and rapidly expanding AI and
data-center infrastructure.

 

HyProMag USA's planned facility in Dallas-Fort Worth, Texas will serve as the
central hub of the Company's U.S. operations and is expected to create
approximately 90-100 skilled jobs once operational. The facility will utilize
HyProMag's patented Hydrogen Processing of Magnet Scrap ("HPMS") technology to
recycle magnet materials recovered from facilities such as the Williston site.

 

Together with additional pre-processing operations planned in Nevada, the
network is designed to support a scalable U.S. recycling ecosystem capable of
supplying domestic manufacturers with critical materials needed for
next-generation technologies.

 

As the platform expands, HyProMag USA expects to work closely with
manufacturers, recyclers and infrastructure operators - including hyperscale
data-center providers - to recover magnet-bearing components from end-of-life
equipment and reintroduce them into domestic production.

 

The commissioning of the Inserma system in South Carolina represents an
important operational step toward that broader vision.

 

About HyProMag USA

 

HyProMag USA is developing advanced rare earth magnet recycling and
manufacturing operations to establish a secure domestic U.S. supply chain for
NdFeB magnets, essential components for AI infrastructure, defense systems,
robotics, electric vehicles, and advanced electronics. Leveraging the
revolutionary HPMS technology, developed over 15 years by the Magnetic
Materials Group at the University of Birmingham with more than $100 million in
R&D investment, the Company delivers faster magnet-to-magnet short-loop
recycling that uses 88% less energy and reduces carbon emissions by 85%
compared to conventional methods. HPMS accepts a wide range of magnet-bearing
feedstocks - including end-of-life EV motors, data-center, and industrial
equipment, consumer electronics, and manufacturing scrap - enabling recovery
of magnet-grade material without chemical processing. Selected by the U.S.
Department of State as a Minerals Security Partnership project, HyProMag USA
is targeting 10% of U.S. domestic magnet supply within five years, ensuring
supply chain security and resilience for technologies critical to national
defense and economic competitiveness.

 

Ownership

 

HyProMag USA LLC is owned 50:50 by CoTec and HyProMag Limited. HyProMag
Limited is 100 per cent owned by Maginito Limited which is owned on a
79.4/20.6 per cent basis by Mkango Resources Ltd. (AIM/TSX-V: MKA) and CoTec.

 

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 HPMS recycling technology into the
United States via the 50/50 owned HyProMag USA LLC joint venture company.

Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi
("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy").
Both the Songwe and Pulawy projects have been selected as Strategic Projects
under the European Union Critical Raw Materials Act. Mkango has signed a
Business Combination Agreement with Crown PropTech Acquisitions to list the
Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under
the name Mkango Rare Earths Limited.

For more information, please visit www.mkango.ca (http://www.mkango.ca)

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

Montfort Communications

Nick Miles, Ann-marie Wilkinson, Jack Hickman

UK: +44 20 3514 0897

mkango@montfort.london (mailto:mkango@montfort.london)

 

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

Jeff Keating, Jen Clarke, Devik Mehta

UK: +44 20 3470 0470

 

Alternative Resource Capital

Joint Broker

Alex Wood, Keith Dowsing

UK: +44 (020) 4530 9160/77

 

H&P Advisory Limited

Joint Broker

Andrew Chubb, Leif Powis, Jay Ashfield

UK: +44 20 7907 8500

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. Generally,
forward looking statements can be identified by the use of words such as
"targeted", "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 availability of (or delays in obtaining) financing to
develop Songwe Hill, and the various recycling plants in the UK, Germany and
the US as well as the separation plant in Poland, 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 various recycling plants in the UK, Germany
and the US as well as the separation plant in Poland, the ability to scale the
HPMS and chemical recycling technologies to commercial scale, competitors
having greater financial capability and effective competing technologies in
the recycling and separation business of Maginito and Mkango, availability of
scrap supplies for 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 various recycling and
separation plants of Mkango and Maginito and future investments in the United
States pursuant to the 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 disclaims 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 undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the
matters discussed above.

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.

 1 
https://hypromagusa.com/hypromag-usa-finalizes-long-term-lease-for-dallas-fort-worth-rare-earth-magnet-recycling-and-manufacturing-hub/

 2 
https://mkango.ca/news/mkango-subsidiary-hypromag-commissions-second-uk-inserma-unit-for-rapid-automated-pre-processing-of-hard-disk-drives-and/

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