Materials/Manufacturing
Mkango to Acquire Heraeus Remloy Magnet Recycling Plant in Germany, Builds Momentum via Subsidiary HyProMag in UK
May 20, 2026 — Mkango Resources has signed an asset purchase agreement with metals company Heraeus to acquire its startup Remloy rare earth magnet recycling business in Germany for $9.4 million with plans to link it to Mkango’s subsidiary HyProMag which just opened its own magnet recycling plant in the country. Meanwhile, the company reports other significant new technical and business developments at HyProMag, which is based in Birmingham in the UK. […]