REG - Mkango Resources Ltd - Commissioning of Second UK Inserma Unit

Mkango ResourcesAnnouncement

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RNS Number : 7480V  Mkango Resources Limited  09 March 2026

 MKANGO RESOURCES LTD.
 550 Burrard Street
 Suite 2900
 Vancouver
 BC V6C 0A3
 Canada

 

 

MKANGO SUBSIDIARY, HYPROMAG, COMMISSIONS SECOND UK INSERMA UNIT FOR RAPID
AUTOMATED PRE-PROCESSING OF HARD DISK DRIVES AND RECYCLING OF RARE EARTHS AND
PRECIOUS METALS

 

London / Vancouver: March 9, 2026 - Mkango Resources Ltd. (AIM/TSX-V: MKA)
("Mkango") is pleased to announce that HyProMag Limited ("HyProMag") has
successfully commissioned a second automated hard disk drive ("HDD")
pre-processing unit in the UK, co-located at the recently opened commercial
scale magnet recycling and manufacturing facility at Tyseley Energy Park,
Birmingham.

Highlights:

·    Cutting-edge technology developed and manufactured by HyProMag
partner, Inserma Anoia S.L. ("Inserma"), to separate the magnet and printed
circuit board assemblies (PCBA) from HDDs in seconds

 

·    As part of the commissioning phase, a batch of 13,000 HDDs is being
processed at Tyseley, with potential for one unit to process more than 30,000
HDDs per week on a single shift once fully commissioned

 

·    The separated magnet assemblies from the HDDs will be processed via
the patented Hydrogen Processing of Magnet Scrap (HPMS) technology being
commercialised by HyProMag, and the PCBAs will be sold for precious metals
recovery

 

·    Low-cost sustainable automated solution, maximising potential value
recovery and recyclability of critical elements in the HDD

The technology is being rolled-out into multiple jurisdictions with partners,
Inserma, Intelligent Lifecycle Solutions Limited ("ILS") and CoTec Holdings
Limited ("CoTec"), with further units already delivered for commissioning at
HyProMag GmbH's facility in Pforzheim, Germany, and to HyProMag USA as per the
following press release: HyProMag USA advances US Hub & Spoke Strategy
(https://hypromagusa.com/hypromag-usa-advances-u-s-hub-and-spoke-strategy-with-arrival-of-inserma-hdd-pre-processing-machines-at-south-carolina-and-nevada-sites/)

William Dawes, Chief Executive of Mkango and Director of HyProMag commented:
"This is the second groundbreaking technology to be brought to commercial
scale by HyProMag and its partners. Complementary to the HPMS technology being
commercialised in the UK, Germany and USA, the Inserma technology unlocks a
burgeoning source of NdFeB feedstock from HDDs, geared to large-scale data
centre deployment on a global scale which is expected to be a major source of
end-of-life HDDs. A five times growth in data centres is expected in Europe
alone."

Nick Mann, Managing Director of HyProMag Ltd commented: "With millions of HDDs
reaching end of life every year at data centres across the UK, the opportunity
to recover critical materials is obvious. With PCBA separation, magnet
separation and the centre spindle removal, the Inserma technology not only
enables material recovery but also enhances data destruction processes and can
even lower those costs. So, with critical material recovery, value add,
improved sustainability and lower operating costs for data destruction, this
is a rare case where all stakeholders can share the benefits."

Paco Ortiz, Director of Inserma commented: "We have a longstanding working
relationship with HyProMag, University of Birmingham and University of
Pforzheim, and we are very excited to see the Inserma technology being
deployed on a commercial scale. This creates a strong platform for Inserma to
expand its reach internationally, leveraging off the network of relationships
which HyProMag, Mkango and CoTec bring to the table, whilst capitalising on
the many synergies between our businesses."

Jon Godfrey, Director of ILS Ltd commented: "We are excited to see this
collaborative effort between ILS, HyProMag and Inserma come to fruition. With
the first UK Inserma unit already commissioned at the ILS site in Airdrie, the
addition of the PCBA to this unit and the commissioning of the second full
Inserma unit at Tyseley, HyProMag and ILS are well positioned to capture this
growing source of feedstock from HDDs."

The Inserma Technology

In September 2024, Maginito (Mkango 79.4%, CoTec 20.6%) secured an exclusive
agreement with Inserma to commercialise automated pre-processing of HDDs,
loudspeakers and electric motors for HyProMag i .

The Inserma pre-processing technology for HDDs in combination with HyProMag's
HPMS technology has major benefits for sustainable, secure and low-cost
recycling of HDDs as outlined in the following video: HyProMag UK - Inserma
HDD Pre-processing Unit (https://vimeo.com/1171082625?fl=ip&fe=ec)

Key advantages:

·      Rapid automated recovery of magnet assembly and PCBA for recovery
of rare earths and precious metals in separate product streams;

·      Based on work to-date, magnet and PCBA removal occurs in
approximately 3 seconds per HDD, with further opportunities to reduce
processing times, and the potential to process more than 30,000 HDDs
(approximately 15 tonnes HDDs) per unit per 5 day week on a single 8 hour
shift with the option to run multiple pre-processing units on multiple shifts;

·      Avoids shredding of magnet and precious metal containing
components, thereby maximising value recovery;

·      Simultaneous removal of magnet and centre spindle further
facilitates subsequent shredding, and reduces blade breakage, costs and carbon
footprint;

·      Secure data destruction of the remainder of the HDD can remain on
site;

·      No heat treatment or dismantling required for magnet recovery,
and production of separated streams facilitates downstream processes;

·      Processing of the magnet stream by HPMS produces a clean powder
for either short loop recycling or long loop chemical processing, which are at
commercial and pilot scale at Tyseley, respectively.

Future Inserma units for HDDs can be co-located at hyperscale data centres,
mobile or stationary shredding facilities, smelters, third party recycling
sites or HyProMag facilities, and HyProMag is engaging with hyperscalers and
HDD recycling companies in multiple jurisdictions globally.

Other collaborations with Inserma include pre-processing solutions for
recycling of magnets from loudspeakers pursuant to the collaboration with
Areera: News | Mkango Resources Ltd.
(https://mkango.ca/news/hypromag-to-collaborate-with-areera-on-recovery-and-recycling-of-rare-earth-magnets-from-speaker-assemblies/)

About Mkango Resources Ltd.

Mkango is listed on the AIM and the TSX-V Stock Exchanges. 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 Limited 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.

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 (about%3Ablank)

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

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service, this inside information is
now considered to be in the public domain.

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.

 

 i  https://mkango.ca/news/maginito-secures-exclusive-agreement-with-inserma/

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