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Mkango Resources ( (TSE:MKA) ) has issued an announcement.
Mkango Resources Ltd has extended the exclusivity period for its proposed business combination with Crown PropTech Acquisitions until July 3, 2025, to finalize negotiations. This extension allows Mkango to potentially strengthen its position in the rare earth industry by advancing its projects in Malawi and Poland, which are crucial for meeting the growing demand for clean energy technologies.
More about Mkango Resources
Mkango Resources Ltd is a company listed on AIM and the TSX Venture Exchange, focusing on becoming a market leader in the production of recycled rare earth magnets, alloys, and oxides. Through its interest in Maginito Limited, Mkango is involved in the recycling and manufacturing of rare earth magnets in the UK and Germany, and is expanding into the United States. The company also owns the Songwe Hill Rare Earth project in Malawi and the Pulawy Rare Earth’s separation project in Poland.
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