About Us

Mkango Magnetic Materials (“Mkango” or “Mkango Magnetics”) (listed on both TSX-V and AIM), has evolved into a leader in the circular economy by focusing on the production of recycled rare earth magnets, alloys, and oxides.

The company has spearheaded the industrialisation of short-loop magnet recycling technology through its subsidiary HyProMag Limited (“HyPromag”) which specialises in neodymium-iron-boron (NdFeB) magnet recycling and innovative rare earth alloy and magnet production.

Mkango Magnetics was previously named Mkango Resources: the name change reflects the company’s transition from being a primary raw material project developer to the core focus now centred on the downstream rare earth supply chain, focused on magnet manufacturing and recycling technologies.

This transformation is rooted in a strategic vision to increase circularity by recovering rare earth elements from a range of waste streams. Mkango Magnetics aims to build a resilient rare earth magnet supply chain globally, with its footprint comprising established operations in the United Kingdom through HyProMag Limited, and Mkango Rare Earths UK Limited; in Germany, through HyProMag GmbH’s facility in Pforzheim, and the acquisition of the Remloy business, based in Bitterfeld; and a growing presence in the United States via the HyProMag USA LLC joint venture.