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REG - Mkango Resources Ltd - APPOINTMENT OF NEW AUDITORS

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RNS Number : 6536I  Mkango Resources Limited  17 October 2024

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

 

 

APPOINTMENT OF NEW AUDITORS

 

London / Vancouver: October 17, 2024 - Mkango Resources Ltd. (AIM/TSX-V: MKA)
("Mkango" or the "Company") announces the appointment, effective 11 October
2024, of MNP LLP ("MNP") as its independent auditor for the financial year
ending December 31, 2024. The Company has completed the onboarding process of
MNP.

The Company's change in auditor follows a mandatory requirement of the
resignation of BDO (UK) LLP on 2 October 2024, due solely to a British
Columbia regulatory requirement for the Company to have a British Columbia
registered auditor.  There were no "reportable events" (as such term is
defined in National Instrument 51-102 Continuous Disclosure Obligations ("NI
51-102")) between the Company and BDO (UK) LLP.

Pursuant to NI 51-102, the Notice of Change of Auditor, together with the
letter from BDO (UK) LLP and the letter from MNP, have been reviewed by the
Company's Audit Committee and the Board of Directors and have been filed on
SEDAR+ accordingly.

The appointment of MNP as independent auditor for the following financial year
will be subject to approval by the Company's shareholders at the next Annual
General and Special Meeting to be held on 26 November 2024.

About Mkango Resources Ltd.

Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to
become a market leader in the production of recycled rare earth magnets,
alloys and oxides, through its interest in Maginito Limited ("Maginito"),
 which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings
Corp. ("CoTec"), and to develop new sustainable sources of neodymium,
praseodymium, dysprosium and terbium to supply accelerating demand from
electric vehicles, wind turbines and other clean energy technologies.

Maginito holds a 100 per cent interest in HyProMag Limited ("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, respectively, and a 100 per cent interest in
Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth
magnet recycling in the UK via a chemical route.

Maginito and CoTec are also rolling out HyProMag's recycling technology into
the United States via the 50/50 owned HyProMag USA LLC joint venture company.
HyProMag is also evaluating other jurisdictions, and recently launched a
collaboration with Envipro on rare earth magnet recycling in Japan.

Mkango also owns the advanced stage Songwe Hill rare earths project and an
extensive rare earths, uranium, tantalum, niobium, rutile, nickel and cobalt
exploration portfolio in Malawi, and the Pulawy rare earths separation project
in Poland.

For more information, please visit www.mkango.ca (about:blank)

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, Caroline Rowe

UK: +44 20 3470 0470

 

Alternative Resource Capital

Joint Broker

Alex Wood, Keith Dowsing

UK: +44 20 7186 9004/5

 

The TSX Venture Exchange has neither approved nor disapproved the contents of
this press release. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to sell or a solicitation of
an offer to buy any equity or other securities of the Company in the United
States. The securities of the Company will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") and may
not be offered or sold within the United States to, or for the account or
benefit of, U.S. persons except in certain transactions exempt from the
registration requirements of the U.S. Securities Act.

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