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HYPROMAG USA FINALISES LONG TERM LEASE FOR DALLAS-FORT WORTH RARE EARTH MAGNET RECYCLING AND MANUFACTURING HUB
CALGARY, AB / ACCESS Newswire / December 11, 2025 / Mkango Sources Ltd (AIM:MKA)(TSXV:MKA,OTC:MKNGF) (the “Firm” or “Mkango“), is happy to announce that HyProMag USA, LLC (“HyProMag USA”), a U.S.-based chief in rare-earth recycling and processing, has finalised a lease settlement for its proposed rare-earth magnet recycling and manufacturing facility in Dallas-Fort Value, Texas. HyProMag USA’s first facility (the “Texas Facility” or the “Undertaking”) will probably be situated at Ironhead Commerce Heart, Constructing 1, Dallas-Fort Value, Denton County, Texas. This Undertaking web site is strategically situated subsequent to essential infrastructure, the BNSF intermodal rail hyperlink and the Alliance airport. The milestone marks the subsequent section in HyProMag USA’s Undertaking growth and underscores its dedication to constructing a completely home, round provide chain for rare-earth magnets essential to revitalising U.S. trade and to offer a long-term home provide of essential minerals.
The Texas Facility will leverage the patented Hydrogen Processing of Magnet Scrap (“HPMS”) know-how – developed by the Magnetic Supplies Group on the College of Birmingham with over 25 years of R&D and completely licensed to HyProMag Restricted, a 50% accomplice in HyProMag USA, to get better and remanufacture uncommon earth magnets from end-of-life merchandise. HyProMag USA targets commissioning the Texas Facility by mid-2027, topic to last allowing and financing, and anticipates creating roughly 90 to 100 expert jobs in magnet manufacturing, engineering and superior supplies processing. HyProMag USA has collaborated intently with the City of Northlake to advance the Texas Facility. Moreover, the Firm has additionally established and expanded its feedstock-supply partnership with Clever Lifecycle Options (“ILS”), a world electronics recycling firm, which has commenced stockpiling magnet-bearing supplies to help commissioning of HyProMag’s U.S. operationsi.
HyProMag USA will occupy 50 p.c of Constructing 1 at Ironhead Commerce Heart, roughly 128,000 sq. ft. The Texas Facility will function the central hub of HyProMag USA’s hub-and-spoke short-loop community, which incorporates deliberate pre-processing amenities in Nevada and South Carolina. The Undertaking’s modular design permits for quicker replication throughout the U.S., offering a extra scalable blueprint for restoring rare-earth magnet manufacturing and lowering reliance on abroad sources.
Julian Treger, CoTec CEO commented: “Finalising the Texas Facility lease represents one other main milestone in HyProMag USA’s mission to ship a safe, sustainable rare-earth magnet provide chain in america. With the location secured and native partnerships in place, we’re transferring decisively towards finishing financing, development and the primary commercial-scale manufacturing of recycled magnets in america.”
Will Dawes, Mkango CEO & HyProMag USA Director commented: “The Texas Facility being developed by HyProMag USA will assist to remodel rare-earth provide chains in america. Along with our companions, we’re constructing the muse for a resilient home magnet sector that helps the subsequent technology of fresh vitality and know-how manufacturing.”
A fly over of the amenities location may be discovered at https://youtu.be/J8RHkZSfo0Y
HyProMag USA Feasibility Research
The unbiased Feasibility Research on the event of a state-of-the-art rare-earth magnet recycling and manufacturing operation within the U.S. contains the Texas Facility, and two pre-processing amenities situated in South Carolina and Nevadaii. In March 2025, HyProMag USA introduced the growth of the detailed engineering section to incorporate three HPMS vesselsiii and that it was initiating idea research for additional growth and complementary “Lengthy-Loop” recycling.iv As reported within the Feasibility Research, the Texas Facility’s annual manufacturing is estimated to be 750 metric tons each year of recycled sinteredneodymium-iron-boron (“NdFeB”) magnets and 807 metric tons each year of related NdFeB co-products (complete payable capability – 1,557 metric tons NdFeB inside 5 years of commissioning) over a 40-year working life. It’s anticipated that the Texas Facility will present vital optionality to produce the U.S. market with further NdFeB alloy powder whereas helping in revitalizing the U.S. magnet sector with the anticipated creation of roughly 90-100 expert magnet manufacturing jobs.
In March 2025, HyProMag USA introduced the outcomes of an unbiased ISO-Compliant product carbon footprint research, which confirmed a CO2 footprint of two.35 kg CO2 eq. per kg of NdFeB reduce sintered block product.v
In August 2025, HyProMag USA introduced ILS had formally commenced its stockpiling of feedstock initiative pursuant to the lately introduced feedstock provide and pre-processing web site share settlement between HyProMag USA and ILS.
In September 2025, HyProMag USA introduced the commissioning of an idea research to judge the growth of its operations into Nevada and South Carolina in collaboration with ILSvi and the commissioning of an idea research to judge long-loop recycling with Worley Group Inc.vii
About Mkango Sources Ltd.
Mkango is listed on the AIM and the TSX-V. Mkango’s company technique is to turn out to be a market chief within the manufacturing of recycled uncommon earth magnets, alloys and oxides, by its curiosity in Maginito Restricted (“Maginito”), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp. (“CoTec”), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to produce accelerating demand from electrical autos, wind generators and different clear vitality applied sciences.
Maginito holds a 100 per cent curiosity in HyProMag Ltd and a 90 per cent direct and oblique curiosity (assuming conversion of Maginito’s convertible mortgage) in HyProMag GmbH, targeted on quick loop uncommon earth magnet recycling within the UK and Germany, respectively, and a 100 per cent curiosity in Mkango Uncommon Earths UK Ltd (“Mkango UK”), targeted on long-loop uncommon earth magnet recycling within the UK by way of a chemical route.
Maginito and CoTec are additionally rolling out HPMS recycling know-how into america by way of the 50/50 owned HyProMag USA LLC three way partnership firm.
Mkango additionally owns the superior stage Songwe Hill uncommon earths venture in Malawi and the Pulawy uncommon earths separation venture in Poland. Each the Songwe and Pulawy tasks have been chosen as Strategic Tasks beneath the European Union Essential Uncooked Supplies Act. Mkango signed a enterprise mixture settlement dated 2 July 2025 with Crown Prop Tech Acquisitions (“CPTK”) to record the Songwe Hill and Pulawy uncommon earths tasks on NASDAQ by way of a SPAC Merger beneath the identify Mkango Uncommon Earths Restricted.
For extra info, please go to www.mkango.ca
Market Abuse Regulation (MAR) Disclosure
The data contained inside this announcement is deemed by the Firm to represent inside info as stipulated beneath the Market Abuse Rules(EU) No. 596/2014 (‘MAR’) which has been integrated into UK legislation by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement by way of Regulatory Info Service, this inside info is now thought-about to be within the public area.
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This information launch comprises forward-looking statements (throughout the which means of that time period beneath relevant securities legal guidelines) with respect to Mkango. Usually, ahead wanting statements may be recognized by means of phrases similar to “focused”, “plans”, “expects” or “is predicted to”, “scheduled”, “estimates” “intends”, “anticipates”, “believes”, or variations of such phrases and phrases, or statements that sure actions, occasions or outcomes “can”, “might”, “might”, “would”, “ought to”, “would possibly” or “will”, happen or be achieved, or the unfavourable connotations thereof. Readers are cautioned to not place undue reliance on forward-looking statements, as there may be no assurance that the plans, intentions or expectations upon which they’re primarily based will happen. By their nature, forward-looking statements contain quite a few assumptions, identified and unknown dangers and uncertainties, each common and particular, that contribute to the chance that the predictions, forecasts, projections and different forward-looking statements is not going to happen, which can trigger precise efficiency and ends in future durations to vary materially from any estimates or projections of future efficiency or outcomes expressed or implied by such forward-looking statements. The forward-looking statements contained on this information launch are made as of the date of this information launch. Besides as required by legislation, the Firm disclaims any intention and assume no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as required by relevant legislation. Moreover, the Firm undertakes no obligation to touch upon the expectations of, or statements made by, third events in respect of the issues mentioned above.
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This press launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any fairness or different securities of the Firm in america. The securities of the Firm is not going to be registered beneath america Securities Act of 1933, as amended (the “U.S. Securities Act”) and is probably not provided or offered inside america to, or for the account or advantage of, U.S. individuals besides in sure transactions exempt from the registration necessities of the U.S. Securities Act.
For additional info on Mkango, please contact:
Mkango Sources Restricted
Alexander Lemon
President
alex@mkango.ca
William Dawes
Chief Government Officer
will@mkango.ca
Canada: +1 403 444 5979
www.mkango.com
@MkangoResources
SP Angel Company Finance LLP
Nominated Adviser and Joint Dealer
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Various Useful resource Capital
Joint Dealer
Alex Wooden, Keith Dowsing
UK: +44 (020) 4530 9160/77
H&P Advisory Restricted
Joint Dealer
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
ihttps://mkango.ca/information/hypromag-usa-expands-feedstock-supply-agreement-with-global-electronics-recycler-intelligent-lifecycle-solutions/
iihttps://mkango.ca/information/hypromag-usa-feasibility-study-demonstrates-robust-economics-and-the-opportunity-to-develop-a-major-new-domestic-source-of/
iiihttps://mkango.ca/information/hypromag-usa-expands-detailed-engineering-phase-to-include-three-hpms-vessels-and-initiates-concept-studies-for-further/
iv Typical leach, extraction purification and precipitation course of
vhttps://mkango.ca/information/hypromag-usas-iso-compliant-product-carbon-footprint-study-confirms-exceptionally-low-co-sub-2-sub-footprint-of-2.35-kg-co-sub/
vihttps://mkango.ca/information/hypromag-usa-to-commission-scoping-study-to-triple-capacity-in-the-united-states-expanding-into-nevada-and-south-carolina/
viihttps://mkango.ca/information/hypromag-usa-project-update-for-its-rare-earth-magnet-recycling-and-manufacturing-plants-in-the-united-states/
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SOURCE: Mkango Sources Ltd.
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