Just be aware their are already first movers in this space a lot further advanced than IXR with over US$100 million of research and development funding.
HYPROMAG SHOWCASES ITS RARE EARTH MAGNET RECYCLING AND MANUFACTURING PROJECTS AT THE MINERALS SECURITY PARTNERSHIP MEETING IN BRUSSELS
London/Vancouver - 13 December 2024 - Mkango Resources Ltd. (AIM/TSX-V: MKA) and CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) ("CoTec") are pleased to announce that HyProMag Ltd. ("HyProMag") presented its rare earth magnet recycling and manufacturing projects during yesterday's Minerals Security Partnership ("MSP") meeting in Brussels.
The following statement was released by the Governments of the Republic of Korea (ROK) and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, Sweden, the United Kingdom, the United States of America, and the European Commission following conclusion of the Meeting: Joint Statement on the High-Level Minerals Security Partnership Forum Events in Brussels - United States Department of State
HyProMag is commercialising the patented Hydrogen Processing of Magnet Scrap ("HPMS") technology in the United Kingdom (2025), Germany (2025) and United States (2027), and evaluating other jurisdictions, including a collaboration with Envipro in Japan.
HPMS technology was developed at the University of Birmingham Magnetic Materials Group and is exclusively licenced to HyProMag. The technology is underpinned by approximately US$100 million of research and development funding, and has major competitive advantages versus other rare earth 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 - HPMS provides this solution.
HyProMag was one of the first projects to be selected by the MSP for support given its strong potential to contribute towards the development of responsible critical mineral supply chains: Joint Statement on the Minerals Security Partnership Announce Support for Mining, Processing, and Recycling Projects - United States Department of State
https://www.londonstockexchange.com/news-article/MKA/hypromag-showcases-recycling-projects/16811384
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