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An update from Mkango Resources ( (TSE:MKA) ) is now available.
Mkango Resources Ltd. has raised £3.0 million to advance its rare earth magnet recycling and manufacturing projects in the UK and Germany. This funding will support the company’s efforts to scale up operations and explore new growth opportunities, including the potential Nasdaq listing of its projects in Malawi and Poland. The investment reflects strong shareholder confidence and aligns with Mkango’s strategy to establish a vertically integrated, global rare earths platform amid favorable market conditions.
More about Mkango Resources
Mkango Resources Ltd. is a company listed on the AIM and TSX-V, aiming to become a leader in recycled rare earth magnets, alloys, and oxides production. It holds significant interests in Maginito Limited, which focuses on rare earth magnet recycling in the UK and Germany, and is involved in developing sustainable sources of rare earth elements like neodymium, praseodymium, dysprosium, and terbium to meet the growing demand from electric vehicles and clean energy technologies. Mkango also owns the Songwe Hill rare earths project in Malawi and the Pulawy separation project in Poland, both recognized as Strategic Projects under the European Union Critical Raw Materials Act.
Learn more about MKA stock on TipRanks’ Stock Analysis page.