Mkango Resources has conditionally raised gross proceeds of £1.25M via a direct Company subscription from existing shareholders. EIT RawMaterials will, subject to the approval of the TSX-V, provide additional funding of €200,000 and receive a 5.7% interest in Mkango Polska, currently a 100% held subsidiary of Mkango developing the Pulawy Rare Earths Separation Project in Poland, which will fund commencement of process [...]
TR-1: Standard form for notification of major holdings: NOTIFICATION OF MAJOR HOLDINGS i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Mkango Resources Ltd. 1b. Please indicate if the issuer is a non-UK issuer Non-UK issuer x 2. Reason for the notification An acquisition or disposal of voting rights x An acquisition or disposal of financial instruments An [...]
Highlights Lancaster Exploration, a 100% owned subsidiary of Mkango Resources Ltd., and the Malawi Government have signed a Mining Development Agreement for the Songwe Hill Rare Earths Project in Malawi The signing of the Songwe MDA confirms the fiscal terms applicable to the project and enhances the options to create value for shareholders in the context of the ongoing strategic review and engagement with potential [...]
Highlights Commissioning of the short-loop magnet recycling and manufacturing plant at Tyseley Energy Park is continuing to advance with past and upcoming major milestones as follows: Magnet manufacturing presses delivered and commissioned in December 2023 Powder processing plant delivered in July 2024 Hydrogen Processing of Magnet Scrap vessel expected to be delivered in September 2024 Infrastructure development by the [...]
MID-CoTec Holdings Corp. and Mkango Resources Ltd. are pleased to announce the findings of the mid-project review for the bankable feasibility study for HyProMag USA, LLC, a Delaware corporation . Canada-based BBA USA Inc. and U.S.-based PegasusTSI Inc. have been engaged to complete the HyProMag USA bankable Feasibility Study to engineer and design its REE magnet recycling plants and a production facility in the United [...]
LONG-Highlights · Mkango Rare Earths UK has successfully commissioned a long-loop recycling pilot plant at Tyseley Energy Park in Birmingham, which processes NdFeB magnet scrap or swarf to produce rare earth carbonates and oxides via a chemical route · Complements the short-loop recycling plant currently being commissioned by HyProMag and University of Birmingham also at Tyseley Energy Park, which processes NdFeB magnet [...]
CoTec Holdings Corp. and Mkango Resources Ltd. are pleased to announce the appointment of Linda Lourie as an Advisory Board Director to HyProMag USA LLC effective June 24, 2024. Julian Treger, CoTec CEO commented: "We are very pleased to welcome Linda to the Advisory Board of HyProMag USA, our Joint Venture with Mkango Resources Ltd.. Linda's unique experience gained as Assistant Director for Research and Technology [...]
Highlights HyProMag has launched a collaboration with Envipro on rare earth magnet recycling in Japan and the United Kingdom - Mkango has a 79.4% indirect interest in HyProMag, via Maginito Envipro was established in 1950 and is a leading recycling and materials trading company, listed on Tokyo Stock Exchange and based in Shizuoka, Japan, with 2023 sales of over US$300 million, handling scrap volumes of 625,000 tonnes [...]
Mkango Resources Ltd. is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis for the three month period ended 31 March 2024. The reports are available under the Company's profile on SEDAR and on the Company's website. Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets [...]
Mkango Resources Ltd. announces that, as part of its cost cutting initiatives and complementary to its recent £750,000 private placement closing, announced on 11th April, executive management salaries have been reduced by between 25% to 50% each from April 2024 through to September 2024. This conserves additional working capital to advance the Company's assets. In connection with these salary reductions, the board has [...]
Mkango Resources Ltd. , is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis for the period ending 31 December 2023. To view the Financial Statements, please click here: http://www.rns-pdf.londonstockexchange.com/rns/5630M_1-2024-4-30.pdf To view the Management's Discussion and Analysis, please click here [...]
Highlights Mkango Resources has closed the previously announced £750,000 private placement, including a £150,000 investment by Mkango CEO William Dawes Use of proceeds include the acquisition of additional equipment to underpin HyProMag's transition to first commercial sales of recycled NdFeB at Tyseley Energy Park in Birmingham, UK targeted for H2 2024, and orders of long lead time equipment in Germany, unlocking [...]
+46,85 %
-15,97 %
