REG - Mkango Resources Ltd - HYPROMAG USA COMMENCES STOCKPILING OF FEEDSTOCK

Mkango ResourcesAnnouncement

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RNS Number : 5181W  Mkango Resources Limited  26 August 2025

 MKANGO RESOURCES LTD.   COTEC HOLDINGS CORP.
 550 Burrard Street                755 Burrard Street
 Suite 2900              Suite 428
 Vancouver               Vancouver
 BC V6C 0A3              V6Z 1X6
 Canada                  Canada

 

 

HYPROMAG USA COMMENCES STOCKPILING OF FEEDSTOCK

 

London / Vancouver: August 26, 2025 - CoTec Holdings Corp. (TSXV: CTH; OTCQB:
CTHCF) ("CoTec")  and Mkango Resources Ltd. (AIM/TSX-V: MKA) ("Mkango") are
pleased to announce that Intelligent Lifecycle Solutions LLC ("ILS") has
formally commenced its stockpiling of feedstock initiative pursuant to the
recently announced feedstock supply and pre-processing site share agreement
between HyProMag USA LLC ("HyProMag USA" or the "Project") and ILS.
Pre-processing of the feedstock is expected to commence prior to December 31,
2025.

The stockpiling and pre-processing will take place at both the ILS sites in
Williston, South Carolina and Reno, Nevada (the "ILS sites"). ILS is a global
electronics recycling company processing electronic waste. It is a
full-service IT asset disposition, electronics recycling and scrap purchasing
company and is fully compliant in ISO 14001:2015, ISO 45001:2018 and
"Responsible Recycling R2v3 Recycler" at its USA locations. Through ILS,
HyProMag USA will provide full traceability on its products to support the
"closed loop" circular economy and critical mineral supply chains within the
United States.

Julian Treger, CoTec CEO commented: "This is another major milestone in the
execution of the HyProMag USA project. Securing feedstock is key to the
success of any recycling business and we are pleased to work with credible
companies such as ILS. HyProMag USA's target is to secure between 6 months and
12 months of feedstock prior to commissioning of HyProMag USA's advanced stage
rare earth magnet recycling and manufacturing plant to be located in
Dallas-Fort Worth, Texas. HyProMag USA aims to become a major contributor to
the USA supply chain of rare earth magnets, a critical input for accelerating
the reshoring of the U.S industrial base."

Will Dawes, Mkango CEO commented: "The agreement with ILS and commencement of
stockpiling of NdFeB feedstock underpins the rapid deployment of Hydrogen
Processing of Magnet Scrap (HPMS) and associated magnet manufacturing into the
United States by HyProMag USA, with detailed engineering well underway
following the positive feasibility study last year. These developments will
catalyse development of a more robust rare earth supply chain, whilst
unlocking new NdFeB scrap sources in the United States and generating
significant value for HyProMag USA and its stakeholders."

About HyProMag USA LLC.

HyProMag USA is owned 50:50 by CoTec and HyProMag Limited. HyProMag Limited is
100 per cent owned by Maginito ("Maginito"), which is owned on a 79.4/20.6 per
cent basis by Mkango and CoTec.

For more information, please visit www.hypromagusa.com

About CoTec Holdings Corp.

CoTec is a publicly traded investment issuer listed on the Toronto Venture
Stock Exchange ("TSX- V") and the OTCQB and trades under the symbols CTH and
CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource
extraction company committed to revolutionizing the global metals and minerals
industry through innovative, environmentally sustainable technologies and
strategic asset acquisitions. With a mission to drive the sector toward a
low-carbon future, CoTec employs a dual approach: investing in disruptive
mineral extraction technologies that enhance efficiency and sustainability
while applying these technologies to undervalued mining assets to unlock their
full potential. By focusing on recycling, waste mining, and scalable
solutions, the Company accelerates the production of critical minerals,
shortens development timelines, and reduces environmental impact. CoTec's
strategic model delivers low capital requirements, rapid revenue generation,
and high barriers to entry, positioning it as a leading mid-tier disruptor in
the commodities sector.

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

 

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 Limited ("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
Binding Combination Agreement with Crown PropTech Acquisitions to list the
Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger.

For more information, please visit www.mkango.ca

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 and CoTec.
Generally, forward looking statements can be identified by the use of words
such as "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 delivery and effectiveness of the HDD magnet separation
system built by Inserma, the results of the Accelerated Pilot Programme at
UoB, the availability of (or delays in obtaining) financing to develop Songwe
Hill, the Recycling Plants being developed by Maginito in the UK, Germany and
the US (the "Maginito Recycling Plants"), 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 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 Maginito's 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 Maginito Recycling Plants, and Pulawy and future
investments in the United States pursuant to the proposed cooperation
agreement between Maginito and CoTec, 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 and
CoTec disclaim any intention and assume no obligation to update or revise any
forward-looking statements, whether because of new information, future events
or otherwise, except as required by applicable law. Additionally, the Company
and CoTec undertake no obligation to comment on the expectations of, or
statements made by, third parties in respect of the matters discussed above.

For further information on CoTec, please contact:

CoTec Holdings Corp.

Braam Jonker

Chief Financial Officer

braam.jonker@cotec.ca

Canada: +1 604 992-5600

 

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 (http://www.mkango.ca)

@MkangoResources

 

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 20 7186 9004/5

 

 

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.

 

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