[December 4 SMM China Rare Earth Market Daily] Canadian Mkango Resources Ltd. released its Q3 financial report, highlighting the progress of HyProMag US's rare earth recycling project. HyProMag US focuses on the recycling and manufacturing of rare earth magnets in Texas. The project is owned by Maginito, a joint venture between Mkango and its partner CoTec Holdings, with Mkango holding a 79.4% stake. The feasibility study report released on November 25 shows that the project's post-tax net present value is $262 million, with an internal yield of 23% based on current rare earth prices, indicating that the project remains economically feasible even under conservative market conditions.