Mkango, Cotec's HyProMag buys Inserma separation units

Executive Summary

• Mkango Resources Ltd. and Cotec Holdings’ HyProMag USA LLC have purchased three skid‑mounted Inserma Anoia SL magnet and PCB separation units for rapid HDD preprocessing in the United States.
• The Texas hub of HyProMag USA is projected to produce 750 t/yr of recycled NdFeB magnets and 807 t/yr of co‑products (total payable capacity 1,557 t within five years), creating 90–100 skilled jobs and supporting a low‑carbon domestic supply chain.
• Recent feasibility studies, carbon‑footprint results, and concept studies for additional preprocessing sites in South Carolina, Nevada, and long‑loop recycling with Worley Group underscore HyProMag USA’s growth trajectory and strategic positioning in the U.S. rare‑earth magnet market.

Key Details

• Equipment Purchase: Three Inserma Anoia SL skid‑mounted units (magnet & PCB separation) bought by HyProMag USA; will be operated by Intelligent Lifecycle Solutions LLC (ILS).
• Processing Speed: Each unit removes the voice coil motor (VCM) containing rare‑earth magnet from an HDD in < 2 seconds.
• Location & Operation: Units co‑located with hyperscale data centres or HyProMag shredding facilities; feedstock stockpiled for the Fort Worth, Texas processing plant.
• Texas Hub Production Capacity:
• 750 t/yr recycled sintered NdFeB magnets
• 807 t/yr NdFeB co‑products (total payable capacity 1,557 t within five years)
• 40‑year operating life; expected to create 90–100 skilled magnet manufacturing jobs.
• Carbon Footprint: Independent ISO‑compliant study shows 2.35 kg CO₂e per kg of NdFeB cut sintered block – exceptionally low emissions.
• Expansion Timeline & Studies:
• March 2025 – Expanded engineering phase to three HPMS vessels; initiated concept studies for further expansion.
• August 2025 – ILS began formal stockpiling of feedstock under supply and preprocessing site‑share agreement.
• September 2025 – Concept studies launched for additional sites in Nevada & South Carolina, and long‑loop recycling with Worley Group Inc.
• Ownership Structure: HyProMag USA is a 50/50 joint venture between Cotex Holdings Corp. and HyProMag Ltd.; HyProMag Ltd. wholly owned by Maginito Ltd., which is 79.4 % owned by Mkango Resources and 20.6 % by Cotec.
• Strategic Partnerships: September 2024 – Exclusive agreement with Inserma to commercialize automated preprocessing of HDDs, loudspeakers, and electric motors for HyProMag.

Notable Quotes

• Julian Treger, CEO of Cotec Holdings Corp.: “Preprocessing technologies are a key enabler and competitive advantage for HyProMag USA… offering a closed‑loop and secure recycling network within the United States at the lowest cost and lowest carbon footprint.”
• Will Dawes, CEO of Mkango Resources Ltd.: “The combination of HPMS and Inserma technologies delivers a cost‑effective, low‑CO₂ solution for recycling rare‑earth magnets… unlocking additional feedstock sources to support HyProMag’s rapid growth profile.”