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The latest announcement is out from Mkango Resources ( (TSE:MKA) ).
Mkango Resources Ltd. has successfully closed a private placement, raising gross proceeds of £2.34 million. The funds will support ongoing recycling development projects in Germany and the UK, as well as other corporate expenses. This strategic move aligns with Mkango’s focus on advancing its position in the rare earth recycling industry, which is essential for meeting the growing demand for materials used in electric vehicles and clean energy technologies.
More about Mkango Resources
Mkango Resources Ltd. is a company listed on AIM and TSX-V, focusing on becoming a leader in the production of recycled rare earth magnets, alloys, and oxides. Through its majority interest in Maginito Limited, Mkango is involved in rare earth magnet recycling in the UK and Germany, and is expanding into the United States. The company also owns the Songwe Hill rare earths project in Malawi and has a rare earths separation project in Poland.
YTD Price Performance: 14.47%
Average Trading Volume: 1,661,960
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £27.86M
For an in-depth examination of MKA stock, go to TipRanks’ Stock Analysis page.
