Welcome to Maginito Limited.
Maginito Limited was established by Mkango Resources Ltd (TSXV/AIM :MKA) and Talaxis Ltd to pursue downstream green technology opportunities in the rare earths supply chain, encompassing NdFeB magnet recycling and innovative rare earth alloy, magnet and separation technologies, underpinned by offtake of sustainably sourced primary and secondary raw materials. The company’s strategy is geared to accelerating growth in the electric vehicle market, wind power generation and other industries driven by decarbonisation of the economy.
Maginito holds a 25% interest in UK based NdFeB magnet recycler, HyProMag Limited (www.hypromag.com), with an option to increase to 49%. HyProMag is focused on short loop NdFeB magnet recycling using a hydrogen based technology (HPMS) developed at the Magnetic Materials Group (MMG) within the University of Birmingham.
Maginito is working with HyProMag to establish a recycling facility for NdFeB magnets at Tyseley Energy Park (www.tyseleyenergy.co.uk) in Birmingham to provide a sustainable solution for the supply of NdFeB magnets and alloy powders for a wide range of markets including, for example, automotive and electronics. A number of product options are being evaluated including hydrogen decrepitated (HD) demagnetised powders suitable for magnet producers, alloy ingot re-melted from HD powders suitable for alloy feed or magnet production, anisotropic alloy powders (HDDR) for bonded magnets and sintered NdFeB magnets as required by the RaRE project for automotive applications. Hypromag’s facilities will initially be based under the umbrella of MMG process development with phased transfer into Tyseley over two years.
Maginito is currently evaluating a number of other complementary downstream technology opportunities.