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Mkango Resources ( (TSE:MKA) ) just unveiled an announcement.
Mkango Resources Ltd. announced that its Pulawy Rare Earth Separation Project in Poland has been designated as a Strategic Project by the European Commission under the Critical Raw Materials Act. This status highlights the project’s significance in supplying rare earth oxides to the EU and other markets, facilitating expedited permitting processes, and providing access to financial and strategic support. The project aims to create a secure supply chain for critical rare earth elements used in 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. It aims to develop sustainable sources of neodymium, praseodymium, dysprosium, and terbium, which are essential for electric vehicles, wind turbines, and other clean energy technologies. Through its subsidiary Maginito Limited, Mkango is involved in rare earth magnet recycling in the UK, Germany, and the USA, and owns the Songwe Hill rare earths project and an exploration portfolio in Malawi.
YTD Price Performance: 50.94%
Average Trading Volume: 1,608,355
Technical Sentiment Signal: Sell
Current Market Cap: £36.16M
For a thorough assessment of MKA stock, go to TipRanks’ Stock Analysis page.