REG - Mkango Resources Ltd - MANAGEMENT CHANGES AND APPOINTMENT OF IR ADVISOR
13/02/2026 16:15
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RNS Number : 0144T Mkango Resources Limited 13 February 2026
MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO ANNOUNCES MANAGEMENT CHANGES AND APPOINTMENT OF INVESTOR RELATIONS
ADVISOR
London / Vancouver: February 13, 2026 - Mkango (AIM/TSX-V: MKA) announces the
appointment of Tim Slater to the role of Interim CFO, as Robert Sewell steps
down from the role with immediate effect.
Mr. Slater, who was interim CFO at Mkango from January 2020 to June 2022, is a
Chartered Accountant and former partner of Shaw Gibbs, a top 50 accountancy
firm. He has over fifteen years' experience in the mining sector, acting as
interim CFO for a number of listed companies. Mr. Slater will remain in post
until a permanent replacement for Mr Sewell is appointed.
Mr. Sewell will remain as a consultant to Mkango to assist with an orderly
transition. In connection with Mr. Sewell's resignation, 2,038,589 Restricted
Share Units will vest, converting to shares in the Company.
The Company is also pleased to announce the appointment of Mr. Scott Beattie
as Senior Advisor, Corporate Development.
Mr. Beattie is a senior business development and finance executive with over
25 years' experience originating and executing complex cross-border
transactions across multiple sectors. He has a strong track record of
structuring and delivering capital raises, strategic partnerships,
acquisitions and advisory mandates, leveraging long-standing relationships
with banks, institutional investors and corporates. His network and execution
experience have supported growth initiatives across both developed and
emerging markets.
Appointment of Investor Relations Advisor
Mkango has also appointed Montfort Communications Limited, an international
communications consultant. Montfort will provide strategic communications and
investor relations support to Mkango. Montfort is a leading public relations
firm based in London, England. Montfort currently holds no securities of
Mkango, however, Montfort may from time to time acquire or dispose of
securities of the Company through the market, privately or otherwise, as
circumstances or market conditions warrant and in accordance with applicable
securities laws. As consideration for the services to be provided, Montfort
will receive cash compensation in the amount of £5,000 per month for three
months and an administration fee equal to 8% of the cash compensation. The
appointment of Montfort is subject to the approval of the TSX-V.
Derek Linfield, Chairman of Mkango commented:
"We are very pleased that Tim Slater has agreed to rejoin the Mkango team as
Interim CFO. Tim returns at a pivotal point in the Company's history as it
proceeds towards a listing on NASDAQ of the Company's subsidiary, Mkango Rare
Earths Limited.
The addition of Scott to the team will allow us to accelerate development of
existing and new opportunities in the sector.
We would like to thank Rob for his contribution and wish him well with his
future endeavours."
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief Executive Officer
will@mkango.ca
Alexander Lemon
President
alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2FT2o6eyfWieKQmF9l0yT9OQ%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/vnWROfEpG-JyupmpUFZigQ79Uak=465)
@MkangoResources
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2Fmg763oUN892AH1xBmQL7akhCJw%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/TwEjTEBp_Xt_koYbeRAmI60tSBs=465)
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
Montfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: ++44 (0)20 3514 0897
mkango@montfort.london
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, 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 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 HPMS recycling technology into the
United States via the 50/50 owned HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi
("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy").
Both the Songwe and Pulawy projects have been selected as Strategic Projects
under the European Union Critical Raw Materials Act. Mkango has signed a
business combination agreement ("Business Combination Agreement") with Crown
PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths
projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited
("Proposed Business Combination").
For more information, please visit www.mkango.ca
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2FnbV34haVTWVMF1P763E1bOyg%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/NJOvLv7_kjvVZ7RMC24PF7DKJ1Y=465)
Cautionary Note Regarding Forward-Looking Statements
All statements other than statements of historical facts contained in this
news release, including statements regarding MKAR's and Mkango's future
financial position, results of operations, business strategy, and plans and
objectives of their management team for future operations, are forward-looking
statements. Any statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any underlying
assumptions, are also forward-looking statements. In some cases, you can
identify forward-looking statements by words such as "estimate," "plan,"
"project," "forecast," "intend," "expect," "anticipate," "believe," "seek,"
"strategy," "future," "opportunity," "may," "target," "should," "will,"
"would," "will be," "will continue," "will likely result," "preliminary," or
similar expressions that predict or indicate future events or trends or that
are not statements of historical matters, but the absence of these words does
not mean that a statement is not forward-looking. Forward-looking statements
include, without limitation, the outlook for Mkango's business, productivity,
plans, goals for future operational improvements, capital investments,
operational performance, future market conditions, economic performance,
developments in the capital and credit markets, expected future financial
performance, capital expenditure plans and timeline, mineral reserve and
resource estimates, production and other operating results, productivity
improvements, expected net proceeds, expected additional funding, the
percentage of redemptions of CPTK's public shareholders, growth prospects and
outlook of MKAR's or Maganito's operations, individually or in the aggregate,
including the future listing of MKAR on Nasdaq, as well as any information
concerning possible or assumed future results of operations of Mkango and
MKAR. Forward-looking statements also include statements regarding the
expected benefits of the Proposed Business Combination. The forward-looking
statements are based on the current expectations of the respective management
teams of CPTK, Mkango and MKAR, as applicable, and are inherently subject to
uncertainties and changes in circumstance and their potential effects. There
can be no assurance that future developments will be those that have been
anticipated. These forward-looking statements involve a number of risks,
uncertainties or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied by
these forward-looking statements. These risks and uncertainties include, but
are not limited to, (i) the risk that the Proposed Business Combination may
not be completed in a timely manner or at all, which may adversely affect the
price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the
Proposed Business Combination may not be completed by CPTK's business
combination deadline, or at all, and the potential failure to obtain an
extension of the business combination deadline if sought by CPTK, MKAR or
Mkango (iii) the failure to satisfy the conditions to the consummation of the
Proposed Business Combination, including the approval of the Business
Combination Agreement by Mkango ,the shareholders of CPTK, and the TSX-V, the
satisfaction of the minimum cash amount following redemptions by CPTK's public
shareholders and the receipt of certain governmental and regulatory approvals,
(iv) market risks, including the price of rare earth materials, (v) the
occurrence of any event, change or other circumstance that could give rise to
the termination of the Business Combination Agreement, (vi) the effect of the
announcement or pendency of the Proposed Business Combination on CPTK's,
Mkango's or MKAR's business relationships, performance, and business
generally, (vii) the outcome of any legal proceedings that may be instituted
against CPTK or MKAR related to the business combination agreement or the
Proposed Business Combination, (viii) failure to realize the anticipated
benefits of the Proposed Business Combination, (ix) the inability of MKAR to
meet the listing requirements of the Nasdaq Stock Market, or if listed, the
inability of MKAR to maintain the listing of its securities on the Nasdaq
Stock Market, (x) the risk that the price of MKAR securities may be volatile
due to a variety of factors, including changes in the highly competitive
industries in which MKAR plans to operate, variations in performance across
competitors, changes in laws, regulations, technologies, natural disasters or
health epidemics/pandemics, national security tensions, and macro-economic and
social environments affecting its business, and changes in the combined
capital structure, (xi) the inability to implement business plans, forecasts,
and other expectations after the completion of the Proposed Business
Combination, identify and realize additional opportunities, and manage its
growth and expanding operations, (xii) the risk that Mkango may not be able to
successfully develop its assets, (xiii) the risk that Mkango will be unable to
raise additional capital to execute its business plan, which many not be
available on acceptable terms or at all, (xiv) political and social risks of
operating in Malawi or Poland, (xv) operational hazards and risks that Mkango
could face, and (xvi) the risk that additional financing in connection with
the Proposed Business Combination may not be raised on favorable terms, in a
sufficient amount to satisfy the minimum cash amount condition to the Business
Combination Agreement. The foregoing list is not exhaustive, and there may be
additional risks that CPTK, Mkango, or MKAR presently do not know or that they
currently believe are immaterial. You should carefully consider the foregoing
factors, any other factors discussed in this news release and the other risks
and uncertainties described in CPTK's filings with the SEC, Mkango's filings
on SEDAR+, the risks to be described in a registration statement on Form F-4,
which will include a proxy statement/prospectus, and those discussed and
identified in filings made with the SEC by CPTK and MKAR, from time to time.
Mkango caution you against placing undue reliance on forward-looking
statements, which reflect current beliefs and are based on information
currently available as of the date a forward-looking statement is made.
Forward-looking statements set forth in this news release speak only as of the
date of this news release. None of CPTK, Mkango, or MKAR undertakes any
obligation to revise forward-looking statements to reflect future events,
changes in circumstances, or changes in beliefs. In the event that any
forward-looking statement is updated, no inference should be made that CPTK,
Mkango, or MKAR will make additional updates with respect to that statement,
related matters, or any other forward-looking statements. Any corrections or
revisions and other important assumptions and factors that could cause actual
results to differ materially from forward-looking statements, including
discussions of significant risk factors, may appear, up to the consummation of
the Proposed Business Combination, in CPTK's or MKAR's public filings with the
SEC, which are or will be (as appropriate) accessible at www.sec.gov
(https://www.sec.gov/) , or Mkango's public filings on SEDAR+, which you are
advised to review carefully.
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.
MKANGO ANNOUNCES MANAGEMENT CHANGES AND APPOINTMENT OF INVESTOR RELATIONS
ADVISOR
London / Vancouver: February 13, 2026 - Mkango (AIM/TSX-V: MKA) announces the
appointment of Tim Slater to the role of Interim CFO, as Robert Sewell steps
down from the role with immediate effect.
Mr. Slater, who was interim CFO at Mkango from January 2020 to June 2022, is a
Chartered Accountant and former partner of Shaw Gibbs, a top 50 accountancy
firm. He has over fifteen years' experience in the mining sector, acting as
interim CFO for a number of listed companies. Mr. Slater will remain in post
until a permanent replacement for Mr Sewell is appointed.
Mr. Sewell will remain as a consultant to Mkango to assist with an orderly
transition. In connection with Mr. Sewell's resignation, 2,038,589 Restricted
Share Units will vest, converting to shares in the Company.
The Company is also pleased to announce the appointment of Mr. Scott Beattie
as Senior Advisor, Corporate Development.
Mr. Beattie is a senior business development and finance executive with over
25 years' experience originating and executing complex cross-border
transactions across multiple sectors. He has a strong track record of
structuring and delivering capital raises, strategic partnerships,
acquisitions and advisory mandates, leveraging long-standing relationships
with banks, institutional investors and corporates. His network and execution
experience have supported growth initiatives across both developed and
emerging markets.
Appointment of Investor Relations Advisor
Mkango has also appointed Montfort Communications Limited, an international
communications consultant. Montfort will provide strategic communications and
investor relations support to Mkango. Montfort is a leading public relations
firm based in London, England. Montfort currently holds no securities of
Mkango, however, Montfort may from time to time acquire or dispose of
securities of the Company through the market, privately or otherwise, as
circumstances or market conditions warrant and in accordance with applicable
securities laws. As consideration for the services to be provided, Montfort
will receive cash compensation in the amount of £5,000 per month for three
months and an administration fee equal to 8% of the cash compensation. The
appointment of Montfort is subject to the approval of the TSX-V.
Derek Linfield, Chairman of Mkango commented:
"We are very pleased that Tim Slater has agreed to rejoin the Mkango team as
Interim CFO. Tim returns at a pivotal point in the Company's history as it
proceeds towards a listing on NASDAQ of the Company's subsidiary, Mkango Rare
Earths Limited.
The addition of Scott to the team will allow us to accelerate development of
existing and new opportunities in the sector.
We would like to thank Rob for his contribution and wish him well with his
future endeavours."
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief Executive Officer
will@mkango.ca
Alexander Lemon
President
alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2FT2o6eyfWieKQmF9l0yT9OQ%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/vnWROfEpG-JyupmpUFZigQ79Uak=465)
@MkangoResources
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2Fmg763oUN892AH1xBmQL7akhCJw%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/TwEjTEBp_Xt_koYbeRAmI60tSBs=465)
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
Montfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: ++44 (0)20 3514 0897
mkango@montfort.london
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, 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 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 HPMS recycling technology into the
United States via the 50/50 owned HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi
("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy").
Both the Songwe and Pulawy projects have been selected as Strategic Projects
under the European Union Critical Raw Materials Act. Mkango has signed a
business combination agreement ("Business Combination Agreement") with Crown
PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths
projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited
("Proposed Business Combination").
For more information, please visit www.mkango.ca
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2FnbV34haVTWVMF1P763E1bOyg%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/NJOvLv7_kjvVZ7RMC24PF7DKJ1Y=465)
Cautionary Note Regarding Forward-Looking Statements
All statements other than statements of historical facts contained in this
news release, including statements regarding MKAR's and Mkango's future
financial position, results of operations, business strategy, and plans and
objectives of their management team for future operations, are forward-looking
statements. Any statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any underlying
assumptions, are also forward-looking statements. In some cases, you can
identify forward-looking statements by words such as "estimate," "plan,"
"project," "forecast," "intend," "expect," "anticipate," "believe," "seek,"
"strategy," "future," "opportunity," "may," "target," "should," "will,"
"would," "will be," "will continue," "will likely result," "preliminary," or
similar expressions that predict or indicate future events or trends or that
are not statements of historical matters, but the absence of these words does
not mean that a statement is not forward-looking. Forward-looking statements
include, without limitation, the outlook for Mkango's business, productivity,
plans, goals for future operational improvements, capital investments,
operational performance, future market conditions, economic performance,
developments in the capital and credit markets, expected future financial
performance, capital expenditure plans and timeline, mineral reserve and
resource estimates, production and other operating results, productivity
improvements, expected net proceeds, expected additional funding, the
percentage of redemptions of CPTK's public shareholders, growth prospects and
outlook of MKAR's or Maganito's operations, individually or in the aggregate,
including the future listing of MKAR on Nasdaq, as well as any information
concerning possible or assumed future results of operations of Mkango and
MKAR. Forward-looking statements also include statements regarding the
expected benefits of the Proposed Business Combination. The forward-looking
statements are based on the current expectations of the respective management
teams of CPTK, Mkango and MKAR, as applicable, and are inherently subject to
uncertainties and changes in circumstance and their potential effects. There
can be no assurance that future developments will be those that have been
anticipated. These forward-looking statements involve a number of risks,
uncertainties or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied by
these forward-looking statements. These risks and uncertainties include, but
are not limited to, (i) the risk that the Proposed Business Combination may
not be completed in a timely manner or at all, which may adversely affect the
price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the
Proposed Business Combination may not be completed by CPTK's business
combination deadline, or at all, and the potential failure to obtain an
extension of the business combination deadline if sought by CPTK, MKAR or
Mkango (iii) the failure to satisfy the conditions to the consummation of the
Proposed Business Combination, including the approval of the Business
Combination Agreement by Mkango ,the shareholders of CPTK, and the TSX-V, the
satisfaction of the minimum cash amount following redemptions by CPTK's public
shareholders and the receipt of certain governmental and regulatory approvals,
(iv) market risks, including the price of rare earth materials, (v) the
occurrence of any event, change or other circumstance that could give rise to
the termination of the Business Combination Agreement, (vi) the effect of the
announcement or pendency of the Proposed Business Combination on CPTK's,
Mkango's or MKAR's business relationships, performance, and business
generally, (vii) the outcome of any legal proceedings that may be instituted
against CPTK or MKAR related to the business combination agreement or the
Proposed Business Combination, (viii) failure to realize the anticipated
benefits of the Proposed Business Combination, (ix) the inability of MKAR to
meet the listing requirements of the Nasdaq Stock Market, or if listed, the
inability of MKAR to maintain the listing of its securities on the Nasdaq
Stock Market, (x) the risk that the price of MKAR securities may be volatile
due to a variety of factors, including changes in the highly competitive
industries in which MKAR plans to operate, variations in performance across
competitors, changes in laws, regulations, technologies, natural disasters or
health epidemics/pandemics, national security tensions, and macro-economic and
social environments affecting its business, and changes in the combined
capital structure, (xi) the inability to implement business plans, forecasts,
and other expectations after the completion of the Proposed Business
Combination, identify and realize additional opportunities, and manage its
growth and expanding operations, (xii) the risk that Mkango may not be able to
successfully develop its assets, (xiii) the risk that Mkango will be unable to
raise additional capital to execute its business plan, which many not be
available on acceptable terms or at all, (xiv) political and social risks of
operating in Malawi or Poland, (xv) operational hazards and risks that Mkango
could face, and (xvi) the risk that additional financing in connection with
the Proposed Business Combination may not be raised on favorable terms, in a
sufficient amount to satisfy the minimum cash amount condition to the Business
Combination Agreement. The foregoing list is not exhaustive, and there may be
additional risks that CPTK, Mkango, or MKAR presently do not know or that they
currently believe are immaterial. You should carefully consider the foregoing
factors, any other factors discussed in this news release and the other risks
and uncertainties described in CPTK's filings with the SEC, Mkango's filings
on SEDAR+, the risks to be described in a registration statement on Form F-4,
which will include a proxy statement/prospectus, and those discussed and
identified in filings made with the SEC by CPTK and MKAR, from time to time.
Mkango caution you against placing undue reliance on forward-looking
statements, which reflect current beliefs and are based on information
currently available as of the date a forward-looking statement is made.
Forward-looking statements set forth in this news release speak only as of the
date of this news release. None of CPTK, Mkango, or MKAR undertakes any
obligation to revise forward-looking statements to reflect future events,
changes in circumstances, or changes in beliefs. In the event that any
forward-looking statement is updated, no inference should be made that CPTK,
Mkango, or MKAR will make additional updates with respect to that statement,
related matters, or any other forward-looking statements. Any corrections or
revisions and other important assumptions and factors that could cause actual
results to differ materially from forward-looking statements, including
discussions of significant risk factors, may appear, up to the consummation of
the Proposed Business Combination, in CPTK's or MKAR's public filings with the
SEC, which are or will be (as appropriate) accessible at www.sec.gov
(https://www.sec.gov/) , or Mkango's public filings on SEDAR+, which you are
advised to review carefully.
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.
MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO ANNOUNCES MANAGEMENT CHANGES AND APPOINTMENT OF INVESTOR RELATIONS
ADVISOR
London / Vancouver: February 13, 2026 - Mkango (AIM/TSX-V: MKA) announces the
appointment of Tim Slater to the role of Interim CFO, as Robert Sewell steps
down from the role with immediate effect.
Mr. Slater, who was interim CFO at Mkango from January 2020 to June 2022, is a
Chartered Accountant and former partner of Shaw Gibbs, a top 50 accountancy
firm. He has over fifteen years' experience in the mining sector, acting as
interim CFO for a number of listed companies. Mr. Slater will remain in post
until a permanent replacement for Mr Sewell is appointed.
Mr. Sewell will remain as a consultant to Mkango to assist with an orderly
transition. In connection with Mr. Sewell's resignation, 2,038,589 Restricted
Share Units will vest, converting to shares in the Company.
The Company is also pleased to announce the appointment of Mr. Scott Beattie
as Senior Advisor, Corporate Development.
Mr. Beattie is a senior business development and finance executive with over
25 years' experience originating and executing complex cross-border
transactions across multiple sectors. He has a strong track record of
structuring and delivering capital raises, strategic partnerships,
acquisitions and advisory mandates, leveraging long-standing relationships
with banks, institutional investors and corporates. His network and execution
experience have supported growth initiatives across both developed and
emerging markets.
Appointment of Investor Relations Advisor
Mkango has also appointed Montfort Communications Limited, an international
communications consultant. Montfort will provide strategic communications and
investor relations support to Mkango. Montfort is a leading public relations
firm based in London, England. Montfort currently holds no securities of
Mkango, however, Montfort may from time to time acquire or dispose of
securities of the Company through the market, privately or otherwise, as
circumstances or market conditions warrant and in accordance with applicable
securities laws. As consideration for the services to be provided, Montfort
will receive cash compensation in the amount of £5,000 per month for three
months and an administration fee equal to 8% of the cash compensation. The
appointment of Montfort is subject to the approval of the TSX-V.
Derek Linfield, Chairman of Mkango commented:
"We are very pleased that Tim Slater has agreed to rejoin the Mkango team as
Interim CFO. Tim returns at a pivotal point in the Company's history as it
proceeds towards a listing on NASDAQ of the Company's subsidiary, Mkango Rare
Earths Limited.
The addition of Scott to the team will allow us to accelerate development of
existing and new opportunities in the sector.
We would like to thank Rob for his contribution and wish him well with his
future endeavours."
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief Executive Officer
will@mkango.ca
Alexander Lemon
President
alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2FT2o6eyfWieKQmF9l0yT9OQ%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/vnWROfEpG-JyupmpUFZigQ79Uak=465)
@MkangoResources
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2Fmg763oUN892AH1xBmQL7akhCJw%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/TwEjTEBp_Xt_koYbeRAmI60tSBs=465)
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
Montfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: ++44 (0)20 3514 0897
mkango@montfort.london
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, 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 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 HPMS recycling technology into the
United States via the 50/50 owned HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi
("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy").
Both the Songwe and Pulawy projects have been selected as Strategic Projects
under the European Union Critical Raw Materials Act. Mkango has signed a
business combination agreement ("Business Combination Agreement") with Crown
PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths
projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited
("Proposed Business Combination").
For more information, please visit www.mkango.ca
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2FnbV34haVTWVMF1P763E1bOyg%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/NJOvLv7_kjvVZ7RMC24PF7DKJ1Y=465)
Cautionary Note Regarding Forward-Looking Statements
All statements other than statements of historical facts contained in this
news release, including statements regarding MKAR's and Mkango's future
financial position, results of operations, business strategy, and plans and
objectives of their management team for future operations, are forward-looking
statements. Any statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any underlying
assumptions, are also forward-looking statements. In some cases, you can
identify forward-looking statements by words such as "estimate," "plan,"
"project," "forecast," "intend," "expect," "anticipate," "believe," "seek,"
"strategy," "future," "opportunity," "may," "target," "should," "will,"
"would," "will be," "will continue," "will likely result," "preliminary," or
similar expressions that predict or indicate future events or trends or that
are not statements of historical matters, but the absence of these words does
not mean that a statement is not forward-looking. Forward-looking statements
include, without limitation, the outlook for Mkango's business, productivity,
plans, goals for future operational improvements, capital investments,
operational performance, future market conditions, economic performance,
developments in the capital and credit markets, expected future financial
performance, capital expenditure plans and timeline, mineral reserve and
resource estimates, production and other operating results, productivity
improvements, expected net proceeds, expected additional funding, the
percentage of redemptions of CPTK's public shareholders, growth prospects and
outlook of MKAR's or Maganito's operations, individually or in the aggregate,
including the future listing of MKAR on Nasdaq, as well as any information
concerning possible or assumed future results of operations of Mkango and
MKAR. Forward-looking statements also include statements regarding the
expected benefits of the Proposed Business Combination. The forward-looking
statements are based on the current expectations of the respective management
teams of CPTK, Mkango and MKAR, as applicable, and are inherently subject to
uncertainties and changes in circumstance and their potential effects. There
can be no assurance that future developments will be those that have been
anticipated. These forward-looking statements involve a number of risks,
uncertainties or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied by
these forward-looking statements. These risks and uncertainties include, but
are not limited to, (i) the risk that the Proposed Business Combination may
not be completed in a timely manner or at all, which may adversely affect the
price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the
Proposed Business Combination may not be completed by CPTK's business
combination deadline, or at all, and the potential failure to obtain an
extension of the business combination deadline if sought by CPTK, MKAR or
Mkango (iii) the failure to satisfy the conditions to the consummation of the
Proposed Business Combination, including the approval of the Business
Combination Agreement by Mkango ,the shareholders of CPTK, and the TSX-V, the
satisfaction of the minimum cash amount following redemptions by CPTK's public
shareholders and the receipt of certain governmental and regulatory approvals,
(iv) market risks, including the price of rare earth materials, (v) the
occurrence of any event, change or other circumstance that could give rise to
the termination of the Business Combination Agreement, (vi) the effect of the
announcement or pendency of the Proposed Business Combination on CPTK's,
Mkango's or MKAR's business relationships, performance, and business
generally, (vii) the outcome of any legal proceedings that may be instituted
against CPTK or MKAR related to the business combination agreement or the
Proposed Business Combination, (viii) failure to realize the anticipated
benefits of the Proposed Business Combination, (ix) the inability of MKAR to
meet the listing requirements of the Nasdaq Stock Market, or if listed, the
inability of MKAR to maintain the listing of its securities on the Nasdaq
Stock Market, (x) the risk that the price of MKAR securities may be volatile
due to a variety of factors, including changes in the highly competitive
industries in which MKAR plans to operate, variations in performance across
competitors, changes in laws, regulations, technologies, natural disasters or
health epidemics/pandemics, national security tensions, and macro-economic and
social environments affecting its business, and changes in the combined
capital structure, (xi) the inability to implement business plans, forecasts,
and other expectations after the completion of the Proposed Business
Combination, identify and realize additional opportunities, and manage its
growth and expanding operations, (xii) the risk that Mkango may not be able to
successfully develop its assets, (xiii) the risk that Mkango will be unable to
raise additional capital to execute its business plan, which many not be
available on acceptable terms or at all, (xiv) political and social risks of
operating in Malawi or Poland, (xv) operational hazards and risks that Mkango
could face, and (xvi) the risk that additional financing in connection with
the Proposed Business Combination may not be raised on favorable terms, in a
sufficient amount to satisfy the minimum cash amount condition to the Business
Combination Agreement. The foregoing list is not exhaustive, and there may be
additional risks that CPTK, Mkango, or MKAR presently do not know or that they
currently believe are immaterial. You should carefully consider the foregoing
factors, any other factors discussed in this news release and the other risks
and uncertainties described in CPTK's filings with the SEC, Mkango's filings
on SEDAR+, the risks to be described in a registration statement on Form F-4,
which will include a proxy statement/prospectus, and those discussed and
identified in filings made with the SEC by CPTK and MKAR, from time to time.
Mkango caution you against placing undue reliance on forward-looking
statements, which reflect current beliefs and are based on information
currently available as of the date a forward-looking statement is made.
Forward-looking statements set forth in this news release speak only as of the
date of this news release. None of CPTK, Mkango, or MKAR undertakes any
obligation to revise forward-looking statements to reflect future events,
changes in circumstances, or changes in beliefs. In the event that any
forward-looking statement is updated, no inference should be made that CPTK,
Mkango, or MKAR will make additional updates with respect to that statement,
related matters, or any other forward-looking statements. Any corrections or
revisions and other important assumptions and factors that could cause actual
results to differ materially from forward-looking statements, including
discussions of significant risk factors, may appear, up to the consummation of
the Proposed Business Combination, in CPTK's or MKAR's public filings with the
SEC, which are or will be (as appropriate) accessible at www.sec.gov
(https://www.sec.gov/) , or Mkango's public filings on SEDAR+, which you are
advised to review carefully.
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.
MKANGO ANNOUNCES MANAGEMENT CHANGES AND APPOINTMENT OF INVESTOR RELATIONS
ADVISOR
London / Vancouver: February 13, 2026 - Mkango (AIM/TSX-V: MKA) announces the
appointment of Tim Slater to the role of Interim CFO, as Robert Sewell steps
down from the role with immediate effect.
Mr. Slater, who was interim CFO at Mkango from January 2020 to June 2022, is a
Chartered Accountant and former partner of Shaw Gibbs, a top 50 accountancy
firm. He has over fifteen years' experience in the mining sector, acting as
interim CFO for a number of listed companies. Mr. Slater will remain in post
until a permanent replacement for Mr Sewell is appointed.
Mr. Sewell will remain as a consultant to Mkango to assist with an orderly
transition. In connection with Mr. Sewell's resignation, 2,038,589 Restricted
Share Units will vest, converting to shares in the Company.
The Company is also pleased to announce the appointment of Mr. Scott Beattie
as Senior Advisor, Corporate Development.
Mr. Beattie is a senior business development and finance executive with over
25 years' experience originating and executing complex cross-border
transactions across multiple sectors. He has a strong track record of
structuring and delivering capital raises, strategic partnerships,
acquisitions and advisory mandates, leveraging long-standing relationships
with banks, institutional investors and corporates. His network and execution
experience have supported growth initiatives across both developed and
emerging markets.
Appointment of Investor Relations Advisor
Mkango has also appointed Montfort Communications Limited, an international
communications consultant. Montfort will provide strategic communications and
investor relations support to Mkango. Montfort is a leading public relations
firm based in London, England. Montfort currently holds no securities of
Mkango, however, Montfort may from time to time acquire or dispose of
securities of the Company through the market, privately or otherwise, as
circumstances or market conditions warrant and in accordance with applicable
securities laws. As consideration for the services to be provided, Montfort
will receive cash compensation in the amount of £5,000 per month for three
months and an administration fee equal to 8% of the cash compensation. The
appointment of Montfort is subject to the approval of the TSX-V.
Derek Linfield, Chairman of Mkango commented:
"We are very pleased that Tim Slater has agreed to rejoin the Mkango team as
Interim CFO. Tim returns at a pivotal point in the Company's history as it
proceeds towards a listing on NASDAQ of the Company's subsidiary, Mkango Rare
Earths Limited.
The addition of Scott to the team will allow us to accelerate development of
existing and new opportunities in the sector.
We would like to thank Rob for his contribution and wish him well with his
future endeavours."
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief Executive Officer
will@mkango.ca
Alexander Lemon
President
alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2FT2o6eyfWieKQmF9l0yT9OQ%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/vnWROfEpG-JyupmpUFZigQ79Uak=465)
@MkangoResources
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2Fmg763oUN892AH1xBmQL7akhCJw%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/TwEjTEBp_Xt_koYbeRAmI60tSBs=465)
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
Montfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: ++44 (0)20 3514 0897
mkango@montfort.london
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, 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 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 HPMS recycling technology into the
United States via the 50/50 owned HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi
("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy").
Both the Songwe and Pulawy projects have been selected as Strategic Projects
under the European Union Critical Raw Materials Act. Mkango has signed a
business combination agreement ("Business Combination Agreement") with Crown
PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths
projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited
("Proposed Business Combination").
For more information, please visit www.mkango.ca
(https://nzkyv7ng.r.us-west-2.awstrack.me/L0/https:%2F%2Fnewsletter.adnetcms.com%2Fl%2FuEP892PahTLmRyDDplrZj2Ig%2FnbV34haVTWVMF1P763E1bOyg%2F1I6Cj4o763Rkdi60SAj763Ye892A/1/0101019c2c9a1ce6-2399c6a0-a8d1-4159-926b-47ffd47de667-000000/NJOvLv7_kjvVZ7RMC24PF7DKJ1Y=465)
Cautionary Note Regarding Forward-Looking Statements
All statements other than statements of historical facts contained in this
news release, including statements regarding MKAR's and Mkango's future
financial position, results of operations, business strategy, and plans and
objectives of their management team for future operations, are forward-looking
statements. Any statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any underlying
assumptions, are also forward-looking statements. In some cases, you can
identify forward-looking statements by words such as "estimate," "plan,"
"project," "forecast," "intend," "expect," "anticipate," "believe," "seek,"
"strategy," "future," "opportunity," "may," "target," "should," "will,"
"would," "will be," "will continue," "will likely result," "preliminary," or
similar expressions that predict or indicate future events or trends or that
are not statements of historical matters, but the absence of these words does
not mean that a statement is not forward-looking. Forward-looking statements
include, without limitation, the outlook for Mkango's business, productivity,
plans, goals for future operational improvements, capital investments,
operational performance, future market conditions, economic performance,
developments in the capital and credit markets, expected future financial
performance, capital expenditure plans and timeline, mineral reserve and
resource estimates, production and other operating results, productivity
improvements, expected net proceeds, expected additional funding, the
percentage of redemptions of CPTK's public shareholders, growth prospects and
outlook of MKAR's or Maganito's operations, individually or in the aggregate,
including the future listing of MKAR on Nasdaq, as well as any information
concerning possible or assumed future results of operations of Mkango and
MKAR. Forward-looking statements also include statements regarding the
expected benefits of the Proposed Business Combination. The forward-looking
statements are based on the current expectations of the respective management
teams of CPTK, Mkango and MKAR, as applicable, and are inherently subject to
uncertainties and changes in circumstance and their potential effects. There
can be no assurance that future developments will be those that have been
anticipated. These forward-looking statements involve a number of risks,
uncertainties or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied by
these forward-looking statements. These risks and uncertainties include, but
are not limited to, (i) the risk that the Proposed Business Combination may
not be completed in a timely manner or at all, which may adversely affect the
price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the
Proposed Business Combination may not be completed by CPTK's business
combination deadline, or at all, and the potential failure to obtain an
extension of the business combination deadline if sought by CPTK, MKAR or
Mkango (iii) the failure to satisfy the conditions to the consummation of the
Proposed Business Combination, including the approval of the Business
Combination Agreement by Mkango ,the shareholders of CPTK, and the TSX-V, the
satisfaction of the minimum cash amount following redemptions by CPTK's public
shareholders and the receipt of certain governmental and regulatory approvals,
(iv) market risks, including the price of rare earth materials, (v) the
occurrence of any event, change or other circumstance that could give rise to
the termination of the Business Combination Agreement, (vi) the effect of the
announcement or pendency of the Proposed Business Combination on CPTK's,
Mkango's or MKAR's business relationships, performance, and business
generally, (vii) the outcome of any legal proceedings that may be instituted
against CPTK or MKAR related to the business combination agreement or the
Proposed Business Combination, (viii) failure to realize the anticipated
benefits of the Proposed Business Combination, (ix) the inability of MKAR to
meet the listing requirements of the Nasdaq Stock Market, or if listed, the
inability of MKAR to maintain the listing of its securities on the Nasdaq
Stock Market, (x) the risk that the price of MKAR securities may be volatile
due to a variety of factors, including changes in the highly competitive
industries in which MKAR plans to operate, variations in performance across
competitors, changes in laws, regulations, technologies, natural disasters or
health epidemics/pandemics, national security tensions, and macro-economic and
social environments affecting its business, and changes in the combined
capital structure, (xi) the inability to implement business plans, forecasts,
and other expectations after the completion of the Proposed Business
Combination, identify and realize additional opportunities, and manage its
growth and expanding operations, (xii) the risk that Mkango may not be able to
successfully develop its assets, (xiii) the risk that Mkango will be unable to
raise additional capital to execute its business plan, which many not be
available on acceptable terms or at all, (xiv) political and social risks of
operating in Malawi or Poland, (xv) operational hazards and risks that Mkango
could face, and (xvi) the risk that additional financing in connection with
the Proposed Business Combination may not be raised on favorable terms, in a
sufficient amount to satisfy the minimum cash amount condition to the Business
Combination Agreement. The foregoing list is not exhaustive, and there may be
additional risks that CPTK, Mkango, or MKAR presently do not know or that they
currently believe are immaterial. You should carefully consider the foregoing
factors, any other factors discussed in this news release and the other risks
and uncertainties described in CPTK's filings with the SEC, Mkango's filings
on SEDAR+, the risks to be described in a registration statement on Form F-4,
which will include a proxy statement/prospectus, and those discussed and
identified in filings made with the SEC by CPTK and MKAR, from time to time.
Mkango caution you against placing undue reliance on forward-looking
statements, which reflect current beliefs and are based on information
currently available as of the date a forward-looking statement is made.
Forward-looking statements set forth in this news release speak only as of the
date of this news release. None of CPTK, Mkango, or MKAR undertakes any
obligation to revise forward-looking statements to reflect future events,
changes in circumstances, or changes in beliefs. In the event that any
forward-looking statement is updated, no inference should be made that CPTK,
Mkango, or MKAR will make additional updates with respect to that statement,
related matters, or any other forward-looking statements. Any corrections or
revisions and other important assumptions and factors that could cause actual
results to differ materially from forward-looking statements, including
discussions of significant risk factors, may appear, up to the consummation of
the Proposed Business Combination, in CPTK's or MKAR's public filings with the
SEC, which are or will be (as appropriate) accessible at www.sec.gov
(https://www.sec.gov/) , or Mkango's public filings on SEDAR+, which you are
advised to review carefully.
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
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