Mkango Updates Feasibility Numbers for Malawi Mine and Polish Rare Earths Plant

Mkango Resources ( (TSE:MKA) ) has shared an update.

Mkango Resources has published an updated definitive feasibility study for its Songwe Hill rare earths mine in Malawi and a pre-feasibility study for the planned Puławy separation plant in Poland, confirming both projects as advanced, large-scale contributors to the magnet metals supply chain. Songwe is slated for an 18-year mine life producing a mixed rare earth carbonate rich in neodymium, praseodymium, dysprosium and terbium, supported by a mining agreement, full environmental and social assessment, and recognition as a strategic project under the EU Critical Raw Materials Act.

The studies outline initial capex of about US$325.5m for Songwe and US$212m for Puławy, with post-tax NPVs of roughly US$339m and US$779m respectively, and robust internal rates of return that improve further under upside pricing scenarios. By integrating upstream mining in Malawi with downstream separation in Poland and adopting global standards for tailings and ESG performance, Mkango aims to strengthen its positioning as a future supplier of key rare earths for electric vehicles, wind turbines and electronics, with material long-term cash flow potential for investors and host communities.

More about Mkango Resources

Mkango Resources is a rare earths developer with flagship projects in Malawi and Poland, targeting both mined and recycled rare earth supply. The company’s core focus is producing mixed rare earth carbonate from the Songwe Hill deposit and separating high-value magnet metals at the planned Puławy plant to serve growing demand from green technologies.

For detailed information about MKA stock, go to TipRanks’ Stock Analysis page.