REG - Mkango Resources Ltd - MKANGO ANNOUNCES PDMR DEALING

Mkango ResourcesAnnouncement

12/02/2025 07:00

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RNS Number : 7372W  Mkango Resources Limited  12 February 2025

 

 

 

 

MKANGO RESOURCES LTD.

550 Burrard Street

Suite 2900

Vancouver

BC V6C 0A3

Canada

 

MKANGO ANNOUNCES PDMR DEALING

 

London / Vancouver: February 12, 2025 - Mkango Resources Ltd. (AIM/TSX-V: MKA)
("Company" or "Mkango") has been informed that Robert Sewell, CFO of the
Company, has purchased 450,000 common shares without par value ("Shares") at a
price of 11p per share on February 11, 2025.

Following the purchase of the Shares, Robert Sewell is the beneficial owner of
700,000 Shares in the Company, which represents 0.21% per cent. of the issued
share capital and total voting rights of the Company.

About Mkango

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, 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 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.

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 (http://www.mkango.ca)

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service, this inside information is
now considered to be in the public domain.

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, Jen Clarke, Devik Mehta

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.

 

   .      Details of the person discharging managerial responsibilities/person closely
          associated
 a)       Name:                                                         Robert Sewell
 2.       Reason for the notification
 a)       Position/status:                                              Chief Financial Officer
 b)       Initial notification/Amendment:                               Initial notification
 3.       Details of the issuer, emission allowance market participant, auction
          platform, auctioneer or auction monitor
 a)       Name:                                                         Mkango Resources Ltd
 b)       LEI:                                                          213800RPILRWRUYNTS85
 4.       Details of the transaction(s): section to be repeated for (i) each type of
          instrument; (ii) each type of transaction; (iii) each date; and (iv) each
          place where transactions have been conducted
 a)       Description of the financial instrument, type of instrument:  Common shares without par value

          Identification code:

                                                                        CA60686A4090

 b)       Nature of the transaction:                                    Purchase of shares
 c)       Price(s) and volume(s):                                       450,000 Shares at 11p
 d)       Aggregated information:                                       Single transaction as in 4 c) above

          Aggregated volume:                                            450,000

          Price:                                                        11p
 e)       Date of the transaction:                                      11 February 2025
 f)       Place of the transaction:                                     AIM

 

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