RCS - Mkango Resources Ltd - UPDATED CORPORATE PRESENTATION

Mkango ResourcesAnnouncement

18/10/2023 07:00

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RNS Number : 4493Q  Mkango Resources Limited  18 October 2023

 MKANGO RESOURCES LTD.
 550 Burrard Street
 Suite 2900
 Vancouver
 BC V6C 0A3
 Canada

 

 

 

UPDATED CORPORATE PRESENTATION

 

 

London / Vancouver: October 18, 2023 - Mkango Resources Ltd. (AIM/TSX-V: MKA)
("Mkango") is pleased to announce that, following the acquisition of HyProMag
Ltd, the corporate presentation has been updated in line with Mkango's vision
and strategy of sustainably sourcing rare earths for the green transition.
The updated presentation is now available on the Company's website
www.mkango.ca (http://www.mkango.ca) .

Mkango Resources also announces that it will be attending the 19th
International Rare Earths Conference in San Antonio, U.S., hosted by Metal
Events, from October 18-20, 2023.

For further information on Mkango, please contact:

Mkango Resources Limited

 

William
Dawes
Alexander Lemon

Chief Executive Officer                  President

will@mkango.ca
alex@mkango.ca

Canada: +1 403 444 5979

www.mkango.ca (http://www.mkango.ca)

@MkangoResources

 

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

Jeff Keating, Kasia Brzozowska

UK: +44 20 3470 0470

 

Alternative Resource Capital

Joint Broker

Alex Wood, Keith Dowsing

UK: +44 20 7186 9004/5

 

Tavistock Communications

PR/IR Adviser

Jos Simson, Cath Drummond, Adam Baynes

UK: +44 (0) 20 7920 3150

mkango@tavistock.co.uk (mailto:mkango@tavistock.co.uk)

 

 

 

About Mkango Resources Ltd.

Mkango's corporate strategy is to develop new sustainable primary and
secondary sources of neodymium, praseodymium, dysprosium and terbium to supply
accelerating demand from electric vehicles, wind turbines and other clean
technologies. This integrated Mine, Refine, Recycle strategy differentiates
Mkango from its peers, uniquely positioning the Company in the rare earths
sector. Mkango is listed on the AIM and the TSX-V.

Mkango is developing its Songwe Hill rare earths project ("Songwe") in Malawi
with a Definitive Feasibility Study completed in July 2022 and an
Environmental, Social and Health Impact Assessment approved by the Government
of Malawi in January 2023.

In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading chemical producer
have agreed to work together towards development of a rare earth separation
plant at Pulawy in Poland (the "Pulawy Separation Plant") to process the
purified mixed rare earth carbonate produced at Songwe.

Mkango also has an extensive exploration portfolio in Malawi, including the
Mchinji rutile exploration project, the Thambani
uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.

For more information, please visit www.mkango.ca (http://www.mkango.ca)

About HyProMag

HyProMag Ltd is commercialising rare earth magnet recycling using Hydrogen
Processing of Magnet Scrap (HPMS) technology, which can liberate and recycle
magnets from end-of-life scrap.

 

HPMS technology was developed at the University of Birmingham, underpinned by
approximately US$100 million of research and development funding, and has
major competitive advantages versus other rare earth magnet recycling
technologies, which are largely focused on chemical processes but do not solve
the challenges of liberating magnets from end-of-life scrap streams - HPMS
provides the solution. HyProMag's company presentation can be viewed via the
following link: HyProMag Corporate Presentation
(https://hypromag.com/wp-content/uploads/2023/09/HyProMag-Corporate-Introduction-28-July-2023.pdf)

Having commissioned the UK's first rare earth magnet recycling pilot plant at
the University of Birmingham in 2022, alongside the UK's only facility to make
sintered rare earth magnets, HyProMag, together with the University of
Birmingham, are developing a large-scale recycling plant at Tyseley Energy
Park, Birmingham, with first production by the end of this year and supported
with funding from UK Research and Innovation. Investment from Mkango Resources
in 2020 helped scale-up and catalyse international growth initiatives,
including in Germany, where HyProMag has established a sister company,
HyProMag GmbH, and in the U.S. through a new Maginito-CoTec 50:50 joint
venture company, with evaluation of other jurisdictions underway. Maginito
(79.4% Mkango; 20.6% CoTec) acquired HyProMag in 2023.

 

About Maginito

Maginito is a UK based Company owned 79.4 per cent by Mkango and 20.6 per cent
by CoTec. It is focused on developing green technology opportunities in the
rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as
well as innovative rare earth alloy, magnet, and separation technologies.

Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct
and indirect interest (assuming conversion of Maginito's convertible loan) in
HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and
Germany, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango
UK"), a company focused on long loop rare earth magnet recycling in the UK via
a chemical route.

 

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