Mkango Resources to Triple U.S. Rare Earth Magnet Capacity by 2029

Reuters01-12

Mkango Resources to Triple <a href="https://laohu8.com/S/USMN">U.S. Rare Earth</a> Magnet Capacity by 2029

Mkango Resources Ltd. has announced significant expansion plans for its U.S. subsidiary, HyProMag USA, following the completion of expansion concept studies. The company will increase its domestic manufacturing capacity for recycled neodymium-iron-boron (NdFeB) magnets, aiming to triple production by 2029. Planned expansions at plants in South Carolina and Nevada will boost total magnet and alloy output from 1,552 to 4,656 metric tons per year. The project, which reports a post-tax NPV of more than $2 billion and a real IRR of 38.7%, supports the start of pre-feasibility studies and reinforces Mkango’s scalable U.S. manufacturing strategy. These developments mark a major step toward commercial operations and a broader manufacturing presence across the United States, alongside the company’s intention to pursue a U.S. public listing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mkango Resources Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1126243) on January 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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