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Experience

Maginito announces closing of £5 million acquisition of rare earth magnet recycler HyProMag Limited

Fasken
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Overview

Client

Maginito Limited

Fasken advised Maginito Limited and Mkango Resources Ltd. on English and Canadian law aspects of Maginito’s £5 million (C$8.5 million) acquisition to increase its ownership in HyProMag to 100% for cash and share consideration. 

Maginito is focused on developing green technology opportunities in the rare earths supply chain and HyProMag, with its subsidiary HyProMag GmbH, is focused on short loop rare earth magnet recycling in the UK and Germany.

Fasken advised Mkango and Maginito, with a team led by Jodi Katz that included Stephen Vincelli, Lucinda Patrick-Patel and Carlie Marrows.
 

Jurisdictions

  • Canada
  • United Kingdom

Team

  • Jodi Katz, Partner | Managing Partner, London, London, +44 (0)20 7917 8579, [email protected]
  • Stephen Vincelli, Associate | Corporate/Commercial, London, +44 (0)20 7917 8516, [email protected]
  • Lucinda Patrick-Patel, Senior Associate | Corporate/Commercial, London, +44 (0)20 7917 8553, [email protected]
Jodi Katz, Partner | Managing Partner, London Jodi Katz Partner | Managing Partner, London London +44 (0)20 7917 8579
Stephen Vincelli, Associate | Corporate/Commercial Stephen Vincelli Associate | Corporate/Commercial London +44 (0)20 7917 8516
Lucinda Patrick-Patel, Senior Associate | Corporate/Commercial Lucinda Patrick-Patel Senior Associate | Corporate/Commercial London +44 (0)20 7917 8553