Mkango Resources Ltd (UK) (TSE:MKA) has released an update.
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Mkango Resources Ltd. has announced a strategic reduction in executive management salaries by 25% to 50% to conserve capital for advancing the company’s assets. Alongside this, a bonus scheme involving shares has been implemented and remuneration for non-executive directors has been suspended since January. The company is also incentivizing its management through the issuance of Restricted Share Units (RSUs), with certain vesting conditions tied to the commercial success of their recycled NdFeB at Tyseley Energy Park.
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