Mkango Resources Ltd. and HyProMag Limited have recently made a groundbreaking announcement regarding the first commercial-scale production of recycled neodymium-iron-boron (NdFeB) alloy using Hydrogen Processing of Magnet Scrap (HPMS) technology at Tyseley Energy Park in Birmingham, UK. This achievement marks a significant milestone for the rare earth industry, demonstrating the successful application of innovative recycling methods in alloy production. CoTec, through its CEO Julian Treger, commended the success of Mkango and HyProMag, emphasizing the importance of this advancement in validating HPMS technology and its potential impact on the United States' rare earth magnet supply chain. The collaboration between CoTec and HyProMag in establishing HyProMag USA, a joint venture set to launch a rare earth magnet recycling and manufacturing facility in the Dallas-Fort Worth region by 2027, further solidifies the commitment to sustainable and efficient mineral extraction practices. CoTec's strategic approach towards disruptive technologies and asset acquisitions underpins its mission to drive the industry towards a low-carbon future. By focusing on recycling initiatives, CoTec aims to expedite critical mineral production, minimize environmental footprint, and elevate the sector's efficiency. The company's dedication to sustainable practices positions it as a key player in transforming the global metals and minerals landscape. Through its forward-thinking strategies and innovative solutions, CoTec is poised to make a substantial impact on the commodities sector, offering a sustainable and efficient alternative for mineral extraction and processing.