**Summary**
Mkango Resources Ltd. announced on November 19, 2025, that its subsidiary, HyProMag USA, has expanded its feedstock supply agreement with Intelligent Lifecycle Solutions (ILS), a global electronics recycling company. The agreement focuses on securing and processing neodymium iron boron (NdFeB) feedstock from various sources, including hard disk drives (HDDs), electric motor rotors, wind turbine magnets, speaker assemblies, and MRIs. ILS is stockpiling feedstock at its pre-processing sites in South Carolina and Nevada in preparation for HyProMag USAs rare earth magnet recycling and manufacturing plant in Fort Worth, Texas.
Key highlights include
Formation of a joint "Technical Procurement" team to accelerate feedstock purchases and integrate Insermas advanced HDD magnet separation system.
HyProMag USAs Texas Hub is expected to produce 750 metric tonnes of recycled NdFeB magnets annually, with a total capacity of 1,557 metric tonnes within five years, over a 40-year operating life.
The project aims to create 90-100 skilled jobs and support the U.S. magnet sector while maintaining a low carbon footprint of 2.35 kg CO2 eq. per kg of NdFeB product.
Mkango Resources, through its subsidiary Maginito, is advancing rare earth magnet recycling technologies in the UK, Germany, and the U.S., while also developing rare earth projects in Malawi and Poland, both designated as Strategic Projects under the EU Critical Raw Materials Act.
This expansion aligns with Mkangos strategy to become a leader in sustainable rare earth magnet production and recycling, addressing growing demand from clean energy technologies.