REG - Mkango Resources Ltd - MKANGO RELEASES Q1 2026 RESULTS

Mkango ResourcesAnnouncement

01/06/2026 07:00

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RNS Number : 3316G  Mkango Resources Limited  01 June 2026

 

 

 

 

MKANGO RESOURCES
LTD.

550 Burrard
Street

Suite
2900

Vancouver

BC V6C
0A3

Canada

 

MKANGO RELEASES Q1 2026 RESULTS

 

London / Vancouver: 1 June 2026 Mkango Resources Ltd (AIM / TSX-V:MKA) (the
"Company" or "Mkango"), is pleased to announce that it has released the
Financial Statements and Management's Discussion and Analysis for the 3-month
period ending 31 March 2026. The reports are available under the Company's
profile on SEDARplus (www.sedarplus.com) 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/3316G_2-2026-5-30.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3316G_2-2026-5-30.pdf)

 

To view the Management Discussion and Analysis, please click here:
http://www.rns-pdf.londonstockexchange.com/rns/3316G_1-2026-5-30.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3316G_1-2026-5-30.pdf)

 

About Mkango Resources Ltd.

Mkango is listed on the AIM and the TSX-V Stock Exchanges. 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 Ltd ("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 expanding HPMS recycling technology into the
United States via the 50/50 owned HyProMag USA joint venture company.

Mkango currently owns 100% of the advanced stage Songwe Hill rare earths
project in Malawi and the proposed Puławy rare earths separation plant in
Poland. Both the Songwe and Puławy projects have been selected as Strategic
Projects under the European Union Critical Raw Materials Act. Songwe has also
received Development Funding from the U.S. International Development Finance
Corporation (DFC), the U.S. Government's development finance institution,
securing US$4.6 million in reimbursable funding for Front End Engineering and
Design. Mkango signed a Business Combination Agreement with Crown PropTech
Acquisitions to list the Songwe Hill and Puławy rare earths projects on
NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.

For more information, please visit www.mkango.ca (https://mkango.ca/)

 

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside 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. 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 including statements regarding Mkango's corporate
strategy. 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 and the proposed Pulawy separation plant in Poland, the
ability to secure and maintain valid mining rights, permits and licenses in
respect of Songwe Hill and Pulawy, the ability to obtain feedstock for Pulawy
from sources other than Songwe Hill, changes to cost of production from what
is assumed, unrecognized environmental risks, unanticipated reclamation
expenses, unexpected variations in throughput, grade or recovery rates,
failure of plan, equipment or processes to operate as anticipated, changes to
assumptions as to the availability of electrical power and the power rates
used in the operating cost estimates and financial analysis, ability to
maintain the social licence to operate, accidents, labour disputes and other
risks of the industry, changes to interest rates, changes to tax rates,
ability to secure offtake and supply agreements with the government of Poland,
the potential for the owner of the land on which the proposed Pulawy plant its
to be build terminating thee lease, the ability of Polska to obtain the
necessary permits to construct the Pulawy plant, competition from existing and
new competitors, an increase in the global supply of rare earth oxides or
dumping, predatory pricing and other tactics by Mkango's competitors, the
recycling plants being developed by Maginito in the UK, Germany and the US
(the "Maginito Recycling Plants"), governmental action and other market
effects on global demand and pricing for the metals and associated downstream
products for which Mkango is exploring, researching and developing,
geological, technical and regulatory matters relating to the development of
Songwe Hill, the ability to scale the HPMS and chemical recycling technologies
to commercial scale, competitors having greater financial capability and
effective competing technologies in the recycling and separation business of
Maginito and Mkango, availability of scrap supplies for Maginito's recycling
activities, government regulation (including the impact of environmental and
other regulations) on and the economics in relation to recycling and the
development of the Maginito Recycling Plants and Pulawy, and future
investments in the United States pursuant to the cooperation agreement between
Maginito and CoTec, cost overruns, complexities in building and operating the
plants, the positive results of feasibility studies on the various proposed
aspects of Mkango's and Maginito's activities, political and economic
uncertainty in the jurisdictions in which the Company operates and the impact
of the war in Iran. 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 because 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

 

William Dawes

Chief Executive Officer

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

 

Alexander Lemon

President

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

 

Canada: +1 403 444 5979

www.mkango.com

@MkangoResources

 

SP Angel Corporate Finance LLP

Nominated Adviser and Joint Broker

Caroline Rowe, Jen Clarke, Devik Mehta

UK: +44 20 3470 0470

 

Alternative Resource Capital

Joint Broker

Alex Wood, Keith Dowsing

UK: +44 20 4530 9160/9177

 

H&P Advisory Limited

Joint Broker

Andrew Chubb, Leif Powis, Jay Ashfield

UK: +44 20 7907 8500

 

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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