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Overview

In early 2025, ahead of the expected first commercial production from HyProMag UK, Mkango commenced its first formal materiality assessment to inform on these materiality elements of its activities:

  • The risk that Mkango’s activities pose to the environment, including the climate; and
  • The risks that the environment, including climate change, pose to the Company’s activities.
  • The outcomes of these processes will inform the development of objectives, key performance indicators specific to the business and any material aspects for future disclosures.

The internal components of this materiality assessment are now completed and the Company will periodically update these to reflect business evolution, and in future intends to invite external stakeholder participation.

A process safety and operational safety review was undertaken during the commissioning phase at Tyseley with all recommendations actioned and HyProMag UK is now seeking accreditation to ISO 45001. Further external audits will be undertaken as part of the ISO 45001 process. The Company will keep the scope of that review under consideration as the plant moves into sustained operation.

Mkango engages with its local communities in its area of operations. At HyProMag UK, outreach work with a local school has included site visits and workshop days to improve accessibility, knowledge, and career development opportunities to young people in our local community.