Mkango Announces Grant Funded HyProMag Project to Develop Germany’s First Rare Earth Magnet Recycling HPMS Plant With First Production Targeted for 2024

Provided By Globe Newswire

Last update: Nov 23, 2022

Highlights

LONDON and VANCOUVER, British Columbia, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) is pleased to announce that HyProMag GmbH has been awarded grants totalling €3.7 million for a new project, entitled “Innovation Centre for Science & Economy Northern Black Forest IZWW” (the “Project”), comprising a €2.5 million grant from the European Regional Development Fund (ERDF) and a €1.2 million grant from the Ministry of Economic Affairs, Labour and Tourism Baden-Württemberg.