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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

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