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Mkango Resources ( (TSE:MKA) ) has issued an update.
Mkango Resources Ltd. announced that its Pulawy Rare Earth Separation Project in Poland has been designated as a Strategic Project under the European Union’s Critical Raw Materials Act. This designation highlights the project’s importance in securing a supply of rare earth oxides for the EU, facilitating accelerated permitting processes, and providing access to coordinated support from the European Commission and financial institutions. The project will enhance the EU’s supply chain for critical materials essential for electric vehicles and clean energy applications, aligning with Europe’s Green Agenda.
More about Mkango Resources
Mkango Resources Ltd. is a company listed on the AIM and TSX-V, focusing on the production of recycled rare earth magnets, alloys, and oxides. The company aims to lead in developing sustainable sources of neodymium, praseodymium, dysprosium, and terbium to meet the growing demand from electric vehicles, wind turbines, and other clean energy technologies. Mkango has interests in Maginito Limited, HyProMag, and various projects in the UK, Germany, and the USA, and is involved in advanced stage rare earths projects in Malawi and Poland.
YTD Price Performance: 72.96%
Average Trading Volume: 1,706,126
Technical Sentiment Signal: Sell
Current Market Cap: £36.19M
For detailed information about MKA stock, go to TipRanks’ Stock Analysis page.