REG - Mkango Resources Ltd - Appointment of Cohen & Co as USA Financial Advisor

Mkango ResourcesAnnouncement

27/11/2024 07:00

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RNS Number : 7410N  Mkango Resources Limited  27 November 2024

Appointment of Cohen & Company as USA Financial Advisor and Welsbach
Corporate Solutions as Supply Chain Advisor in relation to the Songwe and
Pulawy Projects

London / Vancouver: November 27, 2024 - Mkango Resources Ltd (AIM/TSX-V: MKA)
("Mkango") is pleased to announce that, pursuant to the strategic review for
the Songwe Hill Rare Earth project in Malawi ("Songwe") and the Pulawy Rare
Earth Separation Plant in Poland ("Pulawy") announced on 25(th) March 2024,
Mkango's 100% wholly owned subsidiary, Lancaster Exploration (the "Company" or
"Lancaster") has appointed Cohen & Company Capital Markets ("Cohen"), a
division of J.V.B. Financial Group LLC https://www.cohencm.com/about
(https://www.cohencm.com/about) as financial advisor, encompassing USA
listing, mergers and acquisitions, strategic and other financial advice and
Welsbach Corporate Solutions LLC-FZ ("Welsbach") as Supply Chain Advisor.

Cohen is a New York based independent investment and merchant banking group
which has established itself as a leading advisor to companies across the rare
earth elements ecosystem. The firm has guided both upstream producers and
downstream processors through a range of strategic initiatives and
transformative transactions critical to securing the global rare earth supply
chain.

Cohen & Company Capital Markets is a trusted advisor to leading companies
in the sector, acting as:

•             Exclusive Financial Advisor, Lead Capital Markets
Advisor, and Placement Agent to USA Rare Earth LLC on its announced US$870
million business combination with Inflection Point Acquisition Corp. II

•             Exclusive Financial Advisor, Lead Capital Markets
Advisor, and Placement Agent to Plum Acquisition Corp. III on its announced
US$589 million business combination with Tactical Resources Corp.

•             Financial Advisor, Capital Markets Advisor, and
Placement Agent to Sizzle Acquisition Corp. on its closed US$838 million
business combination with Critical Metals Corp. (Nasdaq: CRML) & as
Financial Advisor to CRML on its acquisition of the Tanbreez Greenland Rare
Earth Mine

•             Exclusive Financial Advisor & Lead Capital
Markets Advisor to Stardust Power Inc. (Nasdaq: SDST) on its closed US$493
million business combination with Global Partner Acquisition Corporation II

Alexander Lemon, President of Mkango stated: "We are very excited to appoint
Cohen as our financial adviser in the USA for Songwe and Pulawy. This comes at
a pivotal time in Mkango's development, against the backdrop of
transformational changes in the rare earth sector, we very much look forward
to working with Cohen to position the company strategically to significantly
increase value for our shareholders."

Brandon Sun, Managing Director of Cohen stated: "The rare earth sector is at
an inflection point, at the intersection of investor, strategic and retail
interest given regulatory tailwinds and secular long-term demand. Mkango will
be a major beneficiary going forward, and we are privileged to have the
opportunity to drive the growth and capital formation process for the Songwe
and Pulawy platform."

Daniel Mamadou Director of Welsbach stated: "As the global demand for critical
materials continues to rise, the rare earths supply chain faces unprecedented
pressure to meet the needs of key industries such as renewable energy,
electric vehicles, and advanced technologies. This demand underscores the
urgent need for additional diversification in sourcing these essential
elements. Today, the supply of rare earths is heavily concentrated in a few
regions, creating vulnerabilities that can disrupt the entire value chain. To
build resilience and ensure a stable supply, it is imperative that sourcing
efforts are expanded to include new geographies and emerging producers."

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

About Cohen & Company Capital Markets

Cohen & Company Capital Markets ("CCM"), a division of J.V.B. Financial
Group, LLC, has offices in New York City and Menlo Park, California. CCM was
founded in 2021 and has established itself as an elite full-service boutique
investment banking firm with differentiated product expertise and bulge
bracket DNA. CCM partners with leading and emerging companies across sectors
to address strategic and financial opportunities, and leverage a strong
reputation, broad network, and superior execution to serve clients' interest
first and always. CCM's indirect parent is Cohen & Company Inc. (NYSE
American: COHN).

 

For additional information, please visit cohencm.com
(https://www.cohencm.com/)

About Welsbach Corporate Solutions LLC-FZ

Welsbach Corporate Solutions LLC-FZ ("WCS") is a division of Welsbach Holdings
Pte Ltd which has offices in Dubai, Singapore and Madrid. Welsbach is a
project development group focused on the design and financing of critical
materials supply chains, with a particular focus on rare earths and lithium.

 

For additional information, visit www.welsbach.holdings
(http://www.welsbach.holdings)

 

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.

 

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, its
business and the Project. Generally, forward looking statements can be
identified by the use of words such as "plans", "expects" or "is expected",
"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. Forward looking statements
in this news release include statements with respect to the global market for
rare earth metals. 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, market effects on global demand for the metals and associated
downstream products for which Mkango is exploring, researching and developing,
delays in obtaining financing or governmental or stock exchange approvals. 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 assumes 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.

 

For further information on Mkango, please contact:

 

Mkango Resources Limited

Alexander Lemon
 
William
Dawes

President
Chief Executive Officer

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

Canada: +1 403 444
5979
 

www.mkango.ca (https://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

UK: +44 20 7186 9004

 

Cohen Capital

Strategic and Financial Adviser

Brandon Sun

USA: +1 929 432 1254

 

Welsbach Corporate Solutions LLC-FZ

Supply Chain Advisor

Daniel Mamadou daniel@welsbach.sg

 

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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