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Mkango Resources ( (TSE:MKA) ) just unveiled an announcement.
Mkango Resources Ltd has announced the exercise of warrants, resulting in the issuance of 5,690,000 new common shares. This move will increase the company’s share capital to 332,742,907 shares, enhancing its financial position and potentially impacting its market operations. The new shares will be admitted to trading on AIM, signifying a strategic step in the company’s growth and expansion efforts.
More about Mkango Resources
Mkango Resources Ltd is a company listed on the AIM and TSX-V exchanges, focusing on the production of recycled rare earth magnets, alloys, and oxides. It aims to meet the growing demand for these materials in electric vehicles, wind turbines, and other clean energy technologies. Mkango holds significant interests in Maginito Limited, which is involved in rare earth magnet recycling in the UK, Germany, and the US, and also owns advanced rare earth projects in Malawi and Poland.
See more data about MKA stock on TipRanks’ Stock Analysis page.