03:39 AM EDT, 07/27/2026 (MT Newswires) -- Mkango Resources (MKA.L) said its jointly owned company, HyProMag USA, intends to establish early magnet finishing capability in Texas, US, by the first half of 2027. The Ironhead facility in Dallas-Fort Worth will be commissioned with initial finished neodymium-iron-boron magnet production equipment. It will use up to 20 tonnes of magnet blocks supplied by HyProMag Group operations in the UK and Germany, according to a Monday filing from rare earth elements and recycled magnets company Mkango Resources. Mkango Resources owns a 79.4% stake in Maginito, which fully owns HyProMag Ltd., a 50% joint venture partner in HyProMag USA.

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