Mkango Resources Ltd has signed an agreement to acquire the Remloy rare-earth magnet recycling business from Heraeus Amloy Technologies GmbH [1].
The acquisition strengthens Mkango's presence in the European circular economy by scaling its ability to recover critical materials from magnets. This move reduces reliance on primary mining for rare earths, a strategic priority for industrial stability in Germany.
The asset purchase agreement sets the total acquisition price at €8 million in cash [2]. Under the terms of the deal, Mkango will pay €5 million at the time of closing [2]. The Remloy business operates within Germany, while the announcement was issued from London and Calgary [1, 3].
Company officials said they expect the transaction to be completed in summer 2026 [3]. The integration of Remloy is intended to expand the company's existing rare-earth recycling operations throughout Germany [4, 3].
Mkango Resources, which is listed on the AIM and TSXV exchanges, is positioning itself as a key player in the sustainable sourcing of rare earths [1]. The company's strategy focuses on the recovery of these materials to support the growing demand for high-performance magnets used in electric vehicles and wind turbines [4].
By absorbing the Remloy unit, Mkango gains immediate access to established recycling infrastructure in Germany [4]. The company has not detailed specific production targets following the acquisition, but the deal marks a significant shift toward a more diversified supply chain [1, 2].
“Mkango Resources Ltd has signed an agreement to acquire the Remloy rare-earth magnet recycling business”
This acquisition signals a strategic shift toward 'urban mining,' where companies recover rare earths from existing products rather than extracting them from the earth. By establishing a stronger foothold in Germany, Mkango is aligning itself with European Union goals to secure critical raw materials and decrease dependence on external imports for the green energy transition.
