REG - Mkango Resources Ltd - Results for the quarter ending 30 September 2023

Mkango ResourcesAnnouncement

30/11/2023 07:15

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RNS Number : 1410V  Mkango Resources Limited  30 November 2023

 

 

 

 

MKANGO RESOURCES
LTD.

550 Burrard
Street

Suite
2900

Vancouver

BC V6C
0A3

Canada

 

30 November 2023

 

Quarterly Results for the 3 months ending 30 September 2023

 

LONDON and VANCOUVER, British Columbia, 30 November 2023 (GLOBE NEWSWIRE) --
Mkango Resources Ltd (AIM / TSX-V:MKA) (the "Company" or "Mkango"), is pleased
to announce that it has released its Financial Statements and Management
Discussion and Analysis for the three & nine-month periods ended 30
September 2023. The reports are available under the Company's profile on the
SEDARplus website (https://www.sedarplus.com/landing page) and on the
Company's website (https://mkango.ca/investors/financials/
(https://mkango.ca/investors/financials/) ).

 

To view the Financial Statements, please click here:

http://www.rns-pdf.londonstockexchange.com/rns/1410V_1-2023-11-29.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1410V_1-2023-11-29.pdf)

 

To view the Management Discussion and Analysis, please click here:

http://www.rns-pdf.londonstockexchange.com/rns/1410V_2-2023-11-29.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1410V_2-2023-11-29.pdf)

 

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, please contact:

 

 Mkango Resources Limited                                                         Canada: +1 403 444 5979

 William Dawes

 Chief Executive Officer

 will@mkango.ca (mailto:will@mkango.ca)

 Alexander Lemon

 President

 alex@mkango.ca (mailto:alex@mkango.ca)

 Robert Sewell

 Chief Financial Officer

 rob@mkango.ca (mailto:rob@mkango.ca)

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

 @MkangoResources

 Tavistock                                                                        UK: +44 (0) 20 7920 3150

 PR and IR Adviser

 Jos Simson, Cath Drummond

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

 SP Angel Corporate Finance LLP                                                   UK: +44 20 3470 0470

 Nominated Adviser and Joint Broker

 Jeff Keating, Kasia Brzozowska

 Alternative Resource Capital                                                     UK: +44 20 7186 9004/5

 Joint Broker

 Alex Wood, Keith Dowsing

 Bacchus Capital Advisers                                                         UK: +44 203 848 1642

 Financial Adviser                                                                UK: +44 7857 857 287

 Richard Allan

 richard.allan@bacchuscapital.co.uk (mailto:richard.allan@bacchuscapital.co.uk)

 

About Mkango

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 AIM and the TSX-V.

Mkango is developing its Songwe Hill rare earths project ("Songwe Hill") in
Malawi with a Feasibility Study completed in July 2022 and an Environmental,
Social and Health Impact Assessment approved by the Government of Malawi in
January 2023. Malawi is known as "The Warm Heart of Africa", a stable
democracy with existing road, rail and power infrastructure, and new
infrastructure developments underway.

In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading chemical company
and the second largest manufacturer of nitrogen and compound fertilizers in
the European Union, have agreed to work together towards development of a
rare earth Separation Plant at Pulawy in Poland (the "Pulawy Separation
Plant"). The Pulawy Separation Plant will process the purified mixed rare
earth carbonate produced at Songwe Hill.

Through its 90% ownership of Maginito Limited (www.maginito.com
(http://www.maginito.com/) ), Mkango is also 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.

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)

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements (within the meaning of
that term under applicable securities laws) with respect to Mkango. Generally,
forward looking statements can be identified by the use of words such as
"plans", "expects" or "is expected to", "scheduled", "estimates" "intends",
"anticipates", "believes", or variations of such words and phrases, or
statements that certain actions, events or results "can", "may", "could",
"would", "should", "might" or "will", occur or be achieved, or the negative
connotations thereof. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the plans,
intentions or expectations upon which they are based will occur. By their
nature, forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that contribute to
the possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause actual performance
and results in future periods to differ materially from any estimates or
projections of future performance or results expressed or implied by such
forward-looking statements. Such factors and risks include, without limiting
the foregoing, the availability of (or delays in obtaining) financing to
develop Songwe Hill, , governmental action and other market effects on global
demand and pricing for the metals Mkango is exploring and developing, and
geological, technical and regulatory matters relating to the development of
Songwe Hill, The forward-looking statements contained in this news release are
made as of the date of this news release. Except as required by law, the
Company disclaims any intention and assume no obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable law. Additionally, the
Company undertakes no obligation to comment on the expectations of, or
statements made by, third parties in respect of the matters discussed above.

 

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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