Mkango Resources completes acquisition of Remloy for EUR 8 million

Reuters2026/08/31 13:34

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Mkango completed the acquisition of Remloy, a rare earth magnet recycling business, from Heraeus Amloy for EUR 8 million cash.
EUR 5 million was paid at closing; the remaining EUR 3 million is due on Aug. 28, 2028.
Remloy operates a commissioned plant in Bitterfeld, Germany, recycling end-of-life magnets into NdFeB alloy powders; target capacity is 500 tonnes annually.
The deal adds a stockpile of about 345 tonnes of magnets, alloys, and raw materials to support feedstock supply and scale-up.
Former Heraeus Remloy co-head David Bender was appointed managing director to lead integration and growth alongside Mkango’s recycling and magnet operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mkango Resources Ltd. published the original content used to generate this news brief on August 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mkango Resources completes acquisition of Remloy for EUR 8 million

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