Hypromag Ltd was founded in 2018 by four original directors David Kennedy, Rex Harris, John Speight and Allan Walton. Our aim is to develop a full recycling supply chain for rare earth magnets based upon neodymium iron boron (NdFeB). Hypromag has licensed the patented technology called HPMS (Hydrogen Processing of Magnet Scrap) developed in the Magnetic Materials Group (MMG) at the University of Birmingham. This patent and related Intellectual Property is at the core of HyProMag. HPMS is a hydrogen based process which is used to extract NdFeB magnets from electrical products such as hard disk drives. The extracted NdFeB powder is in the form of an alloy which can be re-processed into different forms which can be sold back into the supply chain for rare earth magnets. The company’strategy is supported by 25% shareholder, Maginito Limited, a subsidiary of AIM/TSXV listed Mkango Resources and technology metals investor, Talaxis Limited.
Rare earth magnets
play a fundamental role in energy generation and utilisation
which is becoming increasingly important as we move towards a low carbon economy.
Rare earth magnets
play a fundamental role in energy generation and utilisation
which is becoming increasingly important as we move towards a low carbon economy.
HyProMag’s strategy is to establish a recycling facility for NdFeB magnets at Tyseley in Birmingham to provide a sustainable solution for the supply of NdFeB magnets and alloy powders for a wide range of markets including, for example, automotive and electronics. A number of product options are being evaluated including hydrogen decrepitated (HD) demagnetised powders suitable for magnet producers, alloy ingot re-melted from HD powders suitable for alloy feed or magnet production, anisotropic alloy powders (HDDR) for bonded magnets and sintered NdFeB magnets as required by the RaRE project for automotive applications.
Hypromag’s facilities will initially be based under the umbrella of MMG process development with phased transfer into Tyseley over two years and first sales from Tyseley projected in year three.
HyProMag is also a partner in the Innovate UK grant funded project, “Rare-Earth Recycling for E-Machines” (“RaRE”), together with University of Birmingham, Advanced Electric Machines Research Limited, Bentley Motors Limited, Intelligent Lifecycle Solutions Limited and Unipart Powertrain Applications Limited, which for the first time will establish an end to end supply chain to incorporate recycled rare earth magnets into electric vehicles.
