Mkango Magnetic Materials Acquires 10% Interest in Hypromag Germany
The acquisition gives Mkango a 10% interest in Hypromag Germany.
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07:03:48 AM UTC
SquawkNews
ACQUISITION OF REMAINING 10 PER CENT INTEREST IN HYPROMAG GERMANYCALGARY, AB AND LONDON, UK / / October 28, 2026 / Mkango Magnetic Materials Ltd. LSE:MKATSXV:MKA ("Mkango" or the "Company") announces that HyProMag Limited ("HyProMag UK"), a wholly owned subsidiary of Maginito Limite…
07:07:21 AM UTC
SquawkNews
Mkango will acquire Professor Carlo Burkhardt’s remaining 10% of HyProMag Germany for £1.06M, mostly in shares, taking it to full ownership via HyProMag UK. Completion is subject to TSX-V acceptance and a notarised share transfer.Material DetailsContext by AI AnalystThis is a mid-cycle consolidatio…