04:13 AM EDT, 10/28/2026 (MT Newswires) -- Maginito's HyProMag unit will fully take over HyProMag Germany as it agreed to acquire professor Carlo Burkhardt's 10% stake in the German company, according to a Wednesday filing. HyProMag will pay 1.1 million pounds sterling for the transaction, of which 757,900 pounds will be settled through consideration shares. The remaining balance will be paid upon the commissioning of a facility in Pforzheim, Germany. The deal is subject to the TSX Venture Exchange's financial clearance, as well as a notarized share transfer agreement. Maginito is a subsidiary of exploration and development company Mkango Magnetic Materials (MKA.L).

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