Mkango Resources Ltd.·Basic Materials

Shares in Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) rose 5% to 37.1p on Friday after the rare earths company closed a £12.5 million investment...

Shares in Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) rose 5% to 37.1p on Friday after the rare earths company closed a £12.5 million investment round to fund a potential acquisition in Germany and expand its processing operations. The raise comprised a placing of 30.9 million shares at 33p each, generating around £10.2 million, alongside a retail offer, a subscription and a Canadian-listed issuer financing exemption offering.

Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF), the rare earths company, has closed a £12.5 million investment round to fund a potential acquisition...

Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF), the rare earths company, has closed a £12.5 million investment round to fund a potential acquisition in Germany and expand its operations there and in the UK. The raise comprised a placing of 30.9 million shares at 33p each, generating approximately £10.2 million, alongside a retail offer, a subscription and a Canadian-listed issuer financing exemption (LIFE) offering.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

CALGARY, AB / ACCESS Newswire / April 9, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce that HyProMag GmbH has completed the first commissioning runs for the commercial scale Hydrogen Processing of Magnet Scrap ("HPMS") vessel at its rare earth magnet recycling and manufacturing plant (the "Plant") located in Pforzheim, Germany.
Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in the Republic of Malawi, Africa. It explores for uranium, tantalum, niobium, zircon, nickel, cobalt, rutile, graphite, and gold ores. The company's flagship project is the Songwe Hill property within the Phalombe exploration license located in southeast Malawi. It also holds 100% interests in the Thambani, Chimimbe Hill, and Mchinji licenses. The company is based in Vancouver, Canada.
Basic Materials
Industrial Materials
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2020-11-06
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