ENVIRONMENT

Maginito to acquire full ownership of HyProMag

Company is targeting first production from the UK in 2023 and Germany in 2024

A pilot scale HPMS reactor - Credit: Mkango

A pilot scale HPMS reactor - Credit: Mkango

Maginito (Mkango 90%; CoTec 10%) will to increase ownership in HyProMag from 42% to 100% for £1 million (US$1.25 million) in cash and £1 million in Mkango shares, and a further £3 million payable in four...

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