Maginito

What Maginito does

Maginito Limited is a UK-incorporated private company (founded 2020) that commercialises rare earth magnet recycling technology, majority-owned (79.4%) by Mkango Resources Ltd and minority-owned (20.6%) by CoTec Holdings Corp. The company is operationally headquartered through its subsidiary network in Birmingham, UK, with additional manufacturing in Pforzheim, Germany (via 90%-owned HyProMag GmbH) and a 50/50 US joint venture (HyProMag USA LLC) anchored on a Dallas-Fort Worth manufacturing hub. Its core technology is the patented Hydrogen Processing of Magnet Scrap (HPMS) process, licenced inbound from the University of Birmingham's Magnetic Materials Group, which uses hydrogen decrepitation to extract and demagnetise NdFeB alloy powders from end-of-life scrap including electronics, electric motors, hard disk drives, loudspeakers, and wind turbine components. Short-loop recycling produces directly reusable sintered magnets, while long-loop chemical processing via 100%-owned Mkango Rare Earths UK Ltd produces separated neodymium/praseodymium and dysprosium/terbium carbonates and oxides.

Maginito's business model combines direct B2B sales of recycled NdFeB sintered magnets, alloy powders, and sintered blocks to automotive OEMs (ZF Automotive, GKN Automotive verified), wind turbine manufacturers, electronics recyclers (Intelligent Lifecycle Solutions, European Metal Recycling), and hyperscale data center / AI infrastructure operators, with technology licensing and sublicensing revenue (HPMS sublicensed to HyProMag USA and used by Mkango Rare Earths UK). First commercial production of recycled NdFeB alloy was achieved in June 2025 at the Tyseley Energy Park facility (minimum 100tpa capacity, expandable to 300+ tpa), with the German Pforzheim plant opening April 2026 (100tpa initial, expandable to 350-750tpa) and the US Texas Hub targeting first revenue in 2027 at 941tpa expanded capacity plus 611tpa of co-products. The model is quote-based B2B with explicit sustainability and Critical Minerals supply chain positioning supported by Strategic Project designation under the EU Critical Raw Materials Act.

Capacity development is the primary near-term driver — initial UK capex was funded by a £4.3m UKRI Driving the Electric Revolution grant, German operations via €3.7m EU grants unlocked by matched funding from parent Mkango, and the US Texas Hub requiring US$142m in initial capex supported by a US$92m US EXIM Bank Letter of Interest. Maginito's headcount is reported as 1-10, reflecting the holding company and lean operating structure with execution distributed across subsidiaries; the Texas Hub project alone is expected to create 90-100 skilled manufacturing jobs. Approximately 40 European partners participate in the SusMagPro and REEsilience consortiums, and a feasibility study completed November 2024 underpins the HyProMag USA buildout with US$409m post-tax NPV at current prices (US$780m at forecast prices) and 27.6-38.7% IRR.

Name

Maginito

Legal name

Maginito Limited

Website

https://maginito.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Maginito Limited commercialises patented Hydrogen Processing of Magnet Scrap (HPMS) technology to recycle NdFeB magnets for automotive, wind power, electronics, and hyperscale data center customers in the UK, Germany, and the United States, with majority ownership by Mkango Resources Ltd.

Ownership category

akta.pro rank

Product category

Rare Earth Magnet Recycling

NAICS

Electrical Equipment, Appliance, and Component Manufacturing (335)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Non-Ferrous Scrap Processing & Brokerage (Aluminum, Copper, Brass/Bronze, Lead, Zinc, Nickel) (IMAKAMAB)

akta.pro secondary industries

Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB), Metals Recycling & Processing (Ferrous/Non-Ferrous) (BPALADAF)

Keywords

• Rare earth magnet recycling
• NdFeB sintered magnets
• HPMS hydrogen processing
• Critical minerals supply
• Magnet alloy powder

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Recycled NdFeB Magnet Sales: Sale of recycled neodymium iron boron sintered magnets, alloy powders, and blocks produced from end-of-life scrap via HPMS short-loop recycling. Revenue from direct sales to automotive OEMs, electronics manufacturers, wind turbine producers, and data center operators. First commercial production achieved June 2025 in UK.
2. Recycled NdFeB Co-Products: Sale of co-products from magnet recycling including NdFeB alloy powder for third-party magnet manufacturers or chemical processors. Expanded Texas Hub will produce 941 metric tonnes per annum of recycled NdFeB magnets plus 611 tonnes of co-products.
3. Technology Licensing and Sublicensing: HPMS technology sublicensed to HyProMag USA LLC (50/50 JV with CoTec). Mkango Rare Earths UK Ltd sublicensed HPMS for UK long-loop operations. License fees and milestone payments from technology deployment across jurisdictions.
4. Long-Loop Rare Earth Products: Sale of separated rare earth carbonates and oxides (neodymium/praseodymium and dysprosium/terbium) produced via chemical processing of HPMS powder. Pilot-scale production targeting first 50kg batch. Supports blending with virgin materials for higher magnet grades.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Maginito commercializes the patented Hydrogen Processing of Magnet Scrap (HPMS) technology to extract and demagnetise NdFeB (neodymium iron boron) alloy powders from magnets embedded in end-of-life scrap and redundant equipment, then manufactures the powder into recycled sintered magnets, alloy powders, blocks, and separated rare earth carbonates/oxides. Products are sold directly to automotive OEMs, wind turbine manufacturers, electronics producers, hyperscale data center operators, and other industrial buyers across the UK, Germany, and the United States.

Product overview

Maginito Limited is a subsidiary of Mkango Resources Ltd (79.4% ownership) focused on downstream green technology opportunities in the rare earths supply chain, encompassing rare earth magnet recycling and innovative rare earth alloy, magnet, and separation technologies. The company operates through a portfolio of subsidiaries and joint ventures: HyProMag Limited (100% owned) commercializes short-loop magnet recycling in the UK using patented HPMS technology at Tyseley Energy Park; HyProMag GmbH (90% owned) handles short-loop recycling in Germany; HyProMag USA LLC (50/50 joint venture with CoTec) develops recycling and manufacturing in the US; and Mkango Rare Earths UK Ltd (100% owned) operates long-loop chemical recycling. The core technology is the Hydrogen Processing of Magnet Scrap (HPMS) - a patented process extracting NdFeB alloy powders from end-of-life scrap. Products include recycled NdFeB sintered magnets, alloy powders, and separated rare earth carbonates/oxides.

Differentiator

Problem solved

Functional benefit

Brands

• HyProMag: Short loop rare earth magnet recycling brand using patented HPMS technology for extracting and demagnetising NdFeB alloy powders from scrap equipment
• HyProMag GmbH
• HyProMag USA

Products and services

• Recycled NdFeB Sintered Magnets End product from Maginito's HPMS short-loop recycling process — sintered NdFeB rare earth magnets produced from recycled alloy powders and sold to automotive OEMs, electronics manufacturers, wind turbine producers, and hyperscale data center operators. Performance validated by ZF Automotive and GKN Automotive as nearly identical to magnets made from virgin materials.
• Recycled NdFeB Alloy Powder and Sintered Blocks Demagnetized NdFeB alloy powder extracted from end-of-life products via HPMS, supplied either as alloy powder for third-party magnet manufacturers or as sintered NdFeB blocks for direct resale. Texas Hub will produce 941 tpa of recycled magnets plus 611 tonnes of co-products.
• Separated Rare Earth Carbonates and Oxides Long-loop chemical recycling output produced via Mkango Rare Earths UK Ltd — separated neodymium/praseodymium and dysprosium/terbium carbonates or oxides generated from HPMS powder not suitable for short-loop recycling and from magnet swarf. Supports blending with virgin rare earth feedstocks for higher magnet grades.
• HPMS Technology Sublicensing Sublicensing of Maginito's patented Hydrogen Processing of Magnet Scrap technology to HyProMag USA LLC for US deployment and to Mkango Rare Earths UK Ltd for long-loop chemical recycling, generating license fees and milestone payments.

Quantifiable outcome

• 88% less energy required versus primary mining to magnet production
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• Intelligent Lifecycle Solutions LLC (ILS)coreStrategic or Co-development Partner · 24 July 2025Global electronics recycler providing NdFeB feedstock supply and pre-processing site share at Williston, South Carolina and Reno, Nevada. ISO 14001:2015, ISO 45001:2018, and R2v3 Recycler certified. Partnership kick-starts US operations securing NdFeB inventory prior to DFW hub commissioning. Collaboration established through European RaRE project.
• ZF AutomotivemajorStrategic or Co-development Partner · 1 January 2025Collaboration with ZF Automotive and University of Birmingham for magnet supply for prototype testing in automotive ancillary applications. Successfully tested with performance nearly identical to virgin materials.
• GKN AutomotivemajorStrategic or Co-development Partner · 1 January 2025Key partner in SCREAM project providing simulation and physical testing to verify HyProMag magnets have equivalent performance to primary magnets of the same grade. Confirmed recycled magnets replicated expected performance exceptionally closely during testing.
• Bowers & WilkinsminorStrategic or Co-development Partner · 1 January 2025SCREAM project partner evaluating rare earth magnet recycling applications for audio equipment. Participating in pilot-scale production testing.
• Inserma ANOIA SLcoreTechnology or Integration · 3 September 2024Exclusive agreement for commercialisation of automated pre-processing technology for hard disc drives, loudspeakers, and electric motors. First production-ready HDD magnet separation system built and delivered. 3rd generation systems being deployed across multiple jurisdictions. Clean PCB separation enables immediate resale.
• Weston Solutions, Inc.minorImplementation/ SI/ Consulting Partner · 1 January 2024US-based environmental and permitting consulting firm supporting HyProMag USA bankable feasibility study. Providing environment and permitting studies for US project development.
• EnviprominorStrategic or Co-development Partner · 1 January 2023Japanese partner for rare earth magnet recycling collaboration. Evaluation of Japan market for HPMS technology deployment.
• European Metal Recycling (EMR)majorStrategic or Co-development Partner · 1 November 2021Global leader in metal recycling operating at 150 locations. Pre-processed automotive and flat screen TV loudspeaker scrap for RaRE and REAP projects. Largest automotive recycler in UK. Key feedstock supplier for HyProMag.
• Pforzheim University / Professor Carlo BurkhardtcoreStrategic or Co-development Partner · 1 November 2021Co-ordinator of €14m SusMagPro and €13m REEsilience EU funded recycling projects with ~40 partners across European supply chain. 10% equity holder in HyProMag GmbH post-conversion of convertible loan. Key academic partner for German operations.
• University of Birmingham (Magnetic Materials Group)coreStrategic or Co-development Partner · 1 January 2018HPMS technology originally developed within the MMG and licensed to HyProMag. MMG active in rare earth alloys and processing for over 40 years. Professor Emeritus Rex Harris (founder) and Professor Allan Walton (current Head) involved. Approximately US$100m R&D expenditure. University hosts pilot facilities and co-develops technology.

Scale indicators11 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Cyclic Materials: Cyclic Materials is a Canadian rare earth and other critical materials recycler using a hydrometallurgical process (REEtec) targeting NdFeB magnet scrap recovery. Direct competitor to Maginito's HPMS technology, both targeting automotive and wind OEMs with recycled rare earth supply.

Broad incumbents

• Neo Performance Materials: Neo Performance Materials is a global producer of NdFeB magnets and rare earth materials, with vertically integrated separation and magnet-making operations in Europe and Asia. Competes with Maginito as a broad incumbent for OEM NdFeB supply, but with primary (not recycled) sourcing.
• Lynas Rare Earths: Lynas is the largest non-China producer of separated rare earth materials, operating the Mt Weld mine and Malaysian processing facility. Broad incumbent competitor for OEM rare earth supply, now developing recycling capacity through Lynas Recycled.
• MP Materials: MP Materials owns and operates the Mountain Pass rare earth mine and processing facility in California, the only scaled rare earth producer in the US. Broad incumbent competing for US rare earth magnet supply chains that HyProMag USA is also targeting.
• Shin-Etsu Chemical: Shin-Etsu Chemical is the world's largest producer of NdFeB sintered magnets through its Magnetic Materials division. Global incumbent that dominates the very market Maginito is targeting for recycled-content displacement.
• Arnold Magnetic Technologies: Arnold Magnetic Technologies is a US-headquartered manufacturer of advanced permanent magnets, including NdFeB, samarium-cobalt, and alnico grades. Broad incumbent competitor serving automotive, aerospace, and industrial OEM customers that HyProMag is also pursuing.

Emerging players

• REEtec: REEtec is a Norwegian rare earth separation company using an innovative continuous ion-exchange process, producing separated NdPr and other oxides. Provides an alternative upstream supply to Maginito's long-loop chemical processing route via Mkango Rare Earths UK.
• Geomega Resources: Geomega Resources is a Canadian rare earth recycler developing its ISR (Inductive Separation and Recycling) technology for NdFeB magnet scrap. Emerging Canadian competitor pursuing similar automotive and electronics magnet recycling end-markets.
• USA Rare Earth: USA Rare Earth is developing a fully domestic US rare earth supply chain including the Round Top deposit and magnet manufacturing capability. Emerging US competitor pursuing the same domestic-content OEM customers targeted by HyProMag USA.
• HyMetals: HyMetals is a UK-based rare earth magnet recycler pursuing short-loop NdFeB recovery for European OEMs. Emerging direct peer operating in overlapping UK/European markets with comparable magnet-from-scrap positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/MkangoResources

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maginito