Mkango Resources completes acquisition of Remloy for EUR 8 million

• 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.

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