In this paper, we investigate both analytically and numerically the localized multivalued waveguide channels-the loop solitons-dynamics within a ferrite slab. In the starting point of the work, we solve in detail the initial value problem of the system while unveiling the existence of multivalued waveguide channels solutions. Paying particular interest to the nonlinear scattering among these excitations, we study extensively the different kinds of interacting features between these localized waves alongside the depiction of their energy densities. As a result, we find that the interactions can be attractive or repulsive depending strongly on the ratio of the amplitudes of the interacting structures. In the wake of these results, we address some physical implications, accordingly.