Saturday, December 9 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 04
Week of Nov 27
Week of Nov 20
Week of Nov 13
Week of Nov 06
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Mkango Resources firm to work on grant-funded offshore wind project

    September 12, 2023 - Alliance News


      (Alliance News) - Mkango Resources Ltd on Tuesday said HyProMag Ltd, which its 90%-owned subsidiary Maginito Ltd fully owns, is participating in a GBP1.5 million project called Re-RE Wind, which aims to establish the UK's first circular supply chain for rare earth magnets used in wind turbines.

      Vancouver-based mineral exploration and development company Mkango Resources said it is collaborating with European Metal Recycling Ltd, the Offshore Renewable Energy Catapult, Magnomatics Ltd and the University of Birmingham in the project.

      The Re-RE Wind project has 67% of its funding, or GBP1.0 million, provided by Innovate UK's circular critical materials supply chains programme, known as Climates.

      Mkango Resources said HyProMag's proportion of the budget is around GBP350,000, of which around 70% will be funded by the grant.

      The grant is subject to the signature of a collaboration agreement between all parties, Mkango Resources said.

      "This project further cements Mkango's and HyProMag's early mover advantage in the rare earth magnet recycling sector, highlighting its competitive position and strong network of leading industry and academic partners," said Mkango Resources Chief Executive Officer William Dawes.

      "We look forward to continuing to support HyProMag as it scales up...hydrogen processing of magnet scrap and rolls-out the technology internationally."

      HyProMag Operations General Manager Nick Mann commented: "We are very excited about this innovative project and the opportunity to further develop the UK supply chain for rare earth magnet recycling with the support of Innovate UK and an excellent consortium of project partners.

      "Re-RE Wind will address the hurdles for recycling of permanent magnets from wind turbines, effectively unlocking a new domestic source of rare earths. It further underpins the scale-up of HyProMag's operations in the UK, whilst complementing other Innovate UK supported projects focused on different scrap streams, such as electronic waste and electric vehicle motors, in which HyProMag is participating."

      HyProMag was acquired by Mkango Resources subsidiary Maginito last month. HyProMag works towards commercialising rare earth magnet recycling in the UK and Germany, and in the US in partnership with CoTec Holdings, alongside other jurisdictions.

      Mkango Resources added that HyProMag's hydrogen processing of magnet scrap is a "homegrown, innovative technology" developed at the University of Birmingham with "major competitive advantages versus other rare magnet recycling technologies, which are largely focused on chemical processes but do not solve the challenges of liberating magnets from end-of-life scrap streams".

      Shares in Mkango Resources closed up 1.1% to 10.36 pence each in London on Tuesday.

      By Greg Rosenvinge, Alliance News reporter

      Comments and questions to


    Other Articles - Utility Business / General


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.