Mkango Resources Ltd.

Equities

MKA

CA60686A4090

Non-Gold Precious Metals & Minerals

Market Closed - Toronto S.E. Other stock markets 09:30:00 2024-04-25 am EDT			5-day change	1st Jan Change
0.12 ^CAD	+4.35%		+9.09%	-29.41%

Apr. 11	Mkango Resources Completes Equity Raise	MT
Apr. 11	Mkango Resources raises GBP720,000 after fees in placing of shares	AN

Mkango to begin sales of recycled magnets following fundraising drive

March 25, 2024 at 08:32 am EDT

(Alliance News) - Mkango Resources Ltd announced on Monday that it has raised funds totalling GBP900,000.

The Canadian-based mineral exploration and development company raised GBP750,000 through the issuance, on a private basis, of 15 million shares at 5 pence each.

Meanwhile, Chief Executive Officer William Dawes has invested GBP150,000.

The proceeds will be used to purchase long lead time equipment in Germany and acquire additional equipment for its Tyseley Energy Park recycling facility in Birmingham, UK.

This comes as the company prepares to make its first commercial sales of recycled magnets using hydrogen processing recycling technology, and follows a recent cost-cutting exercise to streamline its operations and focus on recycling.

In addition to this, Mkango has launched a strategic review to evaluate options for its Songwe Hill rare earths Project in Malawi as well as its Pulawy rare earths separation project in Poland.

Shares in Mkango Resources were down 15% to 6.56p each in London on Monday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Mkango Resources Ltd.

Mkango Resources Completes Equity Raise	Apr. 11	MT
Mkango Resources raises GBP720,000 after fees in placing of shares	Apr. 11	AN
AIM WINNERS & LOSERS: Lok'n Store up on takeover offer from Shurgard	Apr. 11	AN
Mkango Resources Ltd. announced that it has received CAD 1.29 million in funding	Apr. 10	CI
Mkango to begin sales of recycled magnets following fundraising drive	Mar. 25	AN
Mkango Resources Concludes Equity Raise to Fund Recycling Business Expansion	Mar. 25	MT
Mkango Resources Down 12% In UK Trade After Raising C$1.3 Million to Advance Rare Earth Magnet Recycling in UK and Germany, and Launching Strategic Review	Mar. 25	MT
Mkango Resources Ltd. announced that it expects to receive CAD 1.29 million in funding	Mar. 24	CI
Mkango eyes HyProMag feasibility study completion this year	Mar. 11	AN
Mkango and CoTec Brief: Mkango Subsidiary, Maginito, And CoTec Appointed Lead Engineers BBA And Pegasus To Complete Feasibility Study for HyProMag USA	Mar. 11	MT
Mkango Resources Expects HyProMag Feasibility Study to Complete in Second Half	Mar. 11	MT
Mkango Surges Near 12% As Forms HyProMag Joint Venture In US With CoTec	Jan. 03	MT
CoTec, MKango Form HyProMag Joint Venture In US	Jan. 03	MT
Mkango Resources Unit Forms Magnet Recycling JV with CoTec	Jan. 03	MT
AIM WINNERS & LOSERS: C4X gets Astra payment; Getech wins eight deals	Jan. 03	AN
Mkango subsidiary joins CoTec to promote magnet scrap recycling in US	Jan. 03	AN
Mkango Resources Ltd. Announces Resignation of Stephen Motteram as Non-Executive Director	Dec. 14	CI
Mkango Resources Up 8.3% in London as it Moves to Commercial Production of Recycled Rare-Earth Magnets	Dec. 12	MT
Mkango Unveils First Production of Recycled Rare Earth Magnets at UK Facility; Stock Jumps	Dec. 12	MT
Mkango celebrates first production of recycled magnets in Birmingham	Dec. 12	AN
EARNINGS AND TRADING: Lendinvest completes securitisation	Nov. 30	AN
Mkango Resources Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 28	CI
Mkango Resources Brief: Released Earlier Monday Its First Environmental Social Governance Report	Nov. 13	MT
Mkango Resources Updates Corporate Presentation Following HyProMag Acquisition	23-10-18	MT
Mkango Resources hails HyProMag's technology chosen for key project	23-10-11	AN

Chart Mkango Resources Ltd.

Duration

Period

More charts

Company Profile

Mkango Resources Ltd. is a mineral exploration and development company. The principal business of the Company is rare earth element and associated mineral exploration and development with four properties in the Republic of Malawi, including the Phalombe exploration license (Phalombe License), the Thambani exploration license (Thambani License), the Chimimbe exploration license (Chimimbe License) and the Mchinji Exploration license. It is developing the Songwe Hill rare earths project in Malawi. In parallel, the Company is developing a rare earth separation plant at Pulawy in Poland. It is also developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as rare earth alloy, magnet, and separation technologies. The Company holds a 100% interest in HyProMag focused on short loop rare earth magnet recycling in the UK, a 90% direct and indirect interest in HyProMag GmbH and a 100% interest in Mkango Rare Earths UK Ltd.

Sector

Non-Gold Precious Metals & Minerals

Calendar

2024-04-29 - Q4 2023 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Sector Rare Earth Minerals

	1st Jan change	Capi.
MKANGO RESOURCES LTD.	-29.41%	23.53M
LYNAS RARE EARTHS LIMITED	-13.55%	3.77B
CHINA KINGS RESOURCES GROUP CO.,LTD.	+17.86%	2.66B
MP MATERIALS CORP.	-19.40%	2.65B
SHENGHE RESOURCES HOLDING CO., LTD	-0.49%	2.45B
BRAZILIAN RARE EARTHS LIMITED	+48.17%	395M
ARAFURA RARE EARTHS LIMITED	+12.12%	279M
NORDIC MINING ASA	+18.78%	197M
AUSTRALIAN STRATEGIC MATERIALS LTD	-19.69%	120M
CHINA RARE EARTH HOLDINGS LIMITED	+7.58%	106M

Rare Earth Minerals