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Mkango Resources ( (TSE:MKA) ) has shared an update.
Mkango Resources Ltd has announced the exercise of 3,250,000 warrants over its common shares, leading to the issuance of an equivalent number of shares. These shares will be admitted for trading on AIM and TSX-V, increasing the company’s total issued share capital to 335,992,907 shares. This move is part of Mkango’s broader strategy to enhance its market presence and operational capacity in the rare earth sector, particularly in recycling and sustainable sourcing, which is vital for the growing demand from clean energy technologies.
More about Mkango Resources
Mkango Resources Ltd is a company listed on the AIM and TSX-V, focusing on becoming a leader in the production of recycled rare earth magnets, alloys, and oxides. Through its significant interest in Maginito, Mkango is engaged in developing sustainable sources of rare earth elements such as neodymium, praseodymium, dysprosium, and terbium, which are crucial for electric vehicles, wind turbines, and other clean energy technologies. The company is also involved in advanced stage rare earth projects in Malawi and Poland, which have been recognized as strategic under the European Union Critical Raw Materials Act.
For an in-depth examination of MKA stock, go to TipRanks’ Overview page.