Novo Resources & Maginito Limited

Novo Resources: Novo Resources released its year-end 2025 financial statements and filed a Definitive Feasibility Study for the Songwe Hill Rare Earths Project, indicating strong progress in its rare earth and recycling projects.

Maginito Limited: Maginito Limited, 79.4% owned by Novo Resources, is central to the rare earth magnet recycling and manufacturing projects in the UK, Germany, and the US, showing significant operational advancements and expansion plans.

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.

Maginito Limited: Maginito Limited is 79.4% owned by Novo Resources and holds interests in HyProMag GmbH, HyProMag Limited, and Mkango Resources — Mkango Rare Earths UK Limited, playing a central role in Mkango's recycling strategy.

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.

Maginito Limited: Maginito Limited, owned by Novo Resources, holds interests in HyProMag and Mkango Resources — Mkango Rare Earths UK Limited, and is central to Novo Resources' strategy 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.

Maginito Limited: Maginito Limited is a subsidiary of Novo Resources, focused on rare earth magnet recycling, and will benefit from the fundraise proceeds for growth initiatives.