Mkango Resources (“MKA”) has announced the signing of an asset purchase agreement with Heraeus Amloy Technologies GmbH to acquire its Remloy rare earth magnet recycling business (“Remloy”) for €8m (US$9.4m) in cash. Remloy’s fully commissioned plant in Germany recycles used rare earth permanent magnets (“REPM”) via a melting process (medium loop recycling) to produce neodymium-iron-boron (“NdFeB”) alloy powders for bonded and hot deformed magnets, with first commercial sales targeted by year-end ....
