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Mkango Resources ( (TSE:MKA) ) has provided an announcement.
Mkango Resources Ltd has announced the exercise of 1,200,000 warrants over common shares, which will be admitted to trading on AIM and TSX-V. This move increases the company’s issued share capital to 347,192,907 shares. The exercise of these warrants reflects investor confidence and is expected to enhance Mkango’s financial flexibility as it continues to develop its rare earth projects and recycling initiatives, potentially strengthening its position in the clean energy sector.
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 lead the market through its interest in Maginito, which is involved in rare earth magnet recycling in the UK, Germany, and the USA. Mkango also owns advanced stage rare earth projects in Malawi and Poland, which have been recognized as strategic under the European Union Critical Raw Materials Act.
Find detailed analytics on MKA stock on TipRanks’ Stock Analysis page.