Mkango subsidiary buys into UK magnet recycling firm HyProMag |
Mkango Resources announced on Friday that its subsidiary Maginito has completed the acquisition of an initial 25% interest in HyProMag - a private, UK-based company focussed on rare earth magnet recycling, as it initially announced on 23 September.
FTSE AIM All-Share
970.90
15:40 15/01/20
0.12%
1.16
The AIM-traded firm said Maginito invested an initial �0.3m for a 25% interest in HyProMag, and had an option to invest a further �1m to increase its interest up to 49%.
Mkango Resources announced on Friday that its subsidiary Maginito has completed the acquisition of an initial 25% interest in HyProMag - a private, UK-based company focussed on rare earth magnet recycling, as it initially announced on 23 September.
FTSE AIM All-Share
970.90
15:40 15/01/20
0.12%
1.16
The AIM-traded firm said Maginito invested an initial �0.3m for a 25% interest in HyProMag, and had an option to invest a further �1m to increase its interest up to 49%.
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