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Mkango Resources ( (TSE:MKA) ) has issued an update.
Mkango Resources has appointed Tim Slater as interim chief financial officer following the immediate departure of Robert Sewell, who will remain as a consultant during the transition and receive vested restricted share units. The company has also named dealmaker Scott Beattie as senior advisor for corporate development, signalling a stronger focus on capital raising and strategic transactions as it advances a planned Nasdaq listing of its rare earths subsidiary.
To bolster its market profile, Mkango has engaged London-based Montfort Communications as its investor relations and strategic communications adviser, on a three-month retainer pending TSX-V approval. The combination of finance, corporate development and IR changes underscores Mkango’s efforts to professionalise its leadership bench and communications as it scales its rare earth recycling and project development platform in key global markets.
More about Mkango Resources
Mkango Resources is a dual-listed company on AIM and TSX-V focused on rare earths. Through its 79.4%-owned subsidiary Maginito, it aims to become a leader in recycled rare earth magnets, alloys and oxides, and to develop sustainable supplies of neodymium, praseodymium, dysprosium and terbium for electric vehicles, wind turbines and other clean energy technologies. Its portfolio includes recycling operations in the U.K., Germany and the U.S., and advanced-stage Songwe Hill and Pulawy projects, both designated Strategic Projects under the EU Critical Raw Materials Act.
For detailed information about MKA stock, go to TipRanks’ Stock Analysis page.