CoTec Holdings & Novo Resources

CoTec Holdings: CoTec Holdings owns 20.6% of Maginito Limited and is a partner in the HyProMag USA joint venture, contributing to the expansion of HPMS recycling technology.

Novo Resources: Novo Resources is the parent company that owns a significant interest in HyProMag GmbH and is strategically positioned to benefit from the successful commissioning and scale-up of the rare earth magnet recycling plant in Pforzheim, Germany. This event strengthens its position in the rare earths supply chain.

CoTec Holdings: CoTec Holdings is a minority owner of Maginito Limited and a joint venture partner in HyProMag USA LLC, involved in rare earth magnet recycling.

Novo Resources: Novo Resources successfully completed an oversubscribed fundraise of £12.5 million, strengthening its balance sheet and providing capital for growth opportunities, including a potential acquisition in Germany and capital expenditures in its UK and German operations.

Novo Resources: Novo Resources' subsidiaries, HyProMag Ltd and Mkango Resources — Mkango Rare Earths UK Limited, are key partners in the REACT UK project, which received significant grant funding. This project strengthens Novo Resources' position in rare earth magnet recycling and manufacturing.