Mkango publishes MD&A for three months ended March 31, 2026

  • Mkango published its MD&A for the three months ended 31 March 2026, reporting profit before tax of USD 87,690 versus a USD 2.45 million loss.
  • Cash was USD 1.2 million at 31 March 2026; current cash about USD 15.2 million following net proceeds of USD 15.5 million raised in April 2026.
  • Signed an agreement to buy Heraeus Remloy’s rare earth magnet recycling business for EUR 8 million, including a commissioned Bitterfeld plant in Germany.
  • HyProMag UK produced 4 tonnes of NdFeB powder; revenue of USD 51,621 from selling 6 tonnes of alloy powder during the quarter.
  • HyProMag Germany began commissioning runs; site permitted for up to 750 tonnes per annum; initial capacity targeted at about 100 tonnes per annum.


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