The MoU will combine Mkango Resources’ (a dual-listed rare earths junior with projects in Malawi) intelligence surrounding the performance characteristics and future global demand outlook for rare earth magnets with Metalysis’ disruptive, solid-state process, which can generate high margins from the manufacture of metal powders for markets including 3D (three-dimensional) printing.
Together, the parties envisage a comprehensive research and development (R&D) programme, culminating in the joint pursuit of commercial opportunities.
One such opportunity includes evaluating the United Kingdom as a future host country for a manufacturing plant to exploit a commercialised technology.
Rare earth permanent magnets are a critical component of many electric vehicles, as well as other consumer and green technologies. China dominates the rare earth permanent magnet industry, and with one of the few rare earths projects outside China to have advanced beyond the pre-feasibility stage, Mkango Resources is well-placed to respond to the global demand outlook.
Mkango Resources’ share of the first phase of R&D costs will be funded out of existing cash resources.
“We are very pleased to collaborate with Metalysis. It is a core part of Mkango’s strategy to be at the forefront of research and technology in every step of the rare earths supply chain; positioning the company as a future low cost, sustainable supplier of rare earths used in electric vehicles and other green technologies, which have entered a new phase of accelerating demand growth,” says William Dawes, CEO of Mkango Resources.
“The R&D programme will seek to enhance marketing flexibility, increase future margins and affirm the company’s competitive positioning.”
Metalysis is a growing company, based in South Yorkshire, U.K, with global rights to disruptive technology posing proven economic and environmental benefits over traditional metal production methods. The company is committed to transforming the metals industry through its patented process for producing titanium, tantalum, other metals and innovative alloy powders.
Metalysis’ process, originating from the University of Cambridge and proven at industrial scale, can generate high margins from the manufacture of metal powders for markets including 3D printing.
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