Gas oil separation plant

Mkango and CoTec Provide Transaction Update

Retrieved on: 
Thursday, December 29, 2022
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LONDON and VANCOUVER, British Columbia, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) and CoTec Holdings Corp. (TSX-V: CTH) (“CoTec”) are pleased to provide an update on the transaction announced on 30 May 2022 (the “Transaction”).

Key Points: 
  • LONDON and VANCOUVER, British Columbia, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) and CoTec Holdings Corp. (TSX-V: CTH) (“CoTec”) are pleased to provide an update on the transaction announced on 30 May 2022 (the “Transaction”).
  • CoTec has advanced a further £325,000 to Mkango by way of a convertible advance note (the “Advance”) and Mkango has extended exclusivity until January 31, 2023.
  • The terms of the Advance are consistent with the terms of the advance that CoTec provided to Mkango in October 2022.
  • 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.

CoTec Provides Additional £500,000 Funding to Mkango

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Wednesday, September 7, 2022
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The terms of the Advance are consistent with the terms of the 500,000 advance that CoTec provided to Mkango in June 2022 (the Initial Advance).

Key Points: 
  • The terms of the Advance are consistent with the terms of the 500,000 advance that CoTec provided to Mkango in June 2022 (the Initial Advance).
  • CoTec may extend exclusivity to 31 December 2022 by completing the 2 million (C$3 million) convertible note to Mkango (Mkango Note) by 15 October 2022.
  • The value of the Advance and the Initial Advance will be off-set against the Mkango Note.
  • This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango, and CoTec.

Mkango and CoTec Provide Transaction Update

Retrieved on: 
Tuesday, June 21, 2022
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Under the terms of the Advance, CoTec will transfer 500,000 to Mkango within 7 business days of conditional TSXV approval, which is pending, such transfer to be no later than 30th June 2022.

Key Points: 
  • Under the terms of the Advance, CoTec will transfer 500,000 to Mkango within 7 business days of conditional TSXV approval, which is pending, such transfer to be no later than 30th June 2022.
  • CoTec is a publicly traded mining issuer listed on the Toronto Venture Stock Exchange and trades under the symbol CTH.
  • This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
  • This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango, its business, HyProMag, Mkango UK, the Pulawy Separation Plant, the Tyseley Recycling Facilities, the Mkango UK Pilot Plant and Songwe and the Transactions as well as with respect to CoTec.

Mkango And CoTec to Collaborate in Downstream Rare Earth Technologies With Proposed Investments Totalling £3.5 Million (C$5.6 million)

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Monday, May 30, 2022
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LONDON and VANCOUVER, British Columbia, May 30, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) and CoTec Holdings Corp. (TSX-V: CTH) (“CoTec”) are pleased to announce that, on May 29, 2022, they signed a non-binding term sheet in relation to a potential £2 million convertible note investment in Mkango bearing 5% interest, a potential £1.5 million equity investment in Maginito, and a co-operation agreement regarding future investments in rare earth processing technology opportunities in the United States.

Key Points: 
  • There can be no certainty that any agreement will be reached nor as to the final terms of the proposed investment.
  • William Dawes, Chief Executive of Mkango stated: We are very pleased to take this step towards collaborating with CoTec in the rare earths sector.
  • Maginito is focused on 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.
  • Maginito holds a 42% interest in U.K. rare earth (NdFeB) magnet recycler, HyProMag ( www.hypromag.com ) with an option to increase its interest to 49%.

Mkango Announces Results for Quarter and Year Ending December 2021

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Thursday, April 28, 2022
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LONDON and VANCOUVER, British Columbia, April 28, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce its results for the quarter and year ended December 31, 2021.

Key Points: 
  • LONDON and VANCOUVER, British Columbia, April 28, 2022 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce its results for the quarter and year ended December 31, 2021.
  • Highlights for the three months ended December 31, 2021, include:
    The Feasibility Study for Songwe is expected to be completed in the second quarter of 2022.
  • The plant is expected to bring significant benefits to Mkango including higher value-added products with increased margins and greater marketing flexibility.
  • The Company had cash of $4,446,850 at December 31, 2021 compared to $6,248,132 at September 30, 2021 and $4,924,567 at December 31, 2020.

Diversifying the Rare Earth Value Chain for Europe’s Green Transition – ERMA Supports Mkango in Development of Pulawy Separation Plant in Poland

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Friday, March 11, 2022
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ERMA is pleased to announce that it will support Mkango Resources Ltd. (AIM/TSX-V: MKA) with securing financing for the development of a rare earth separation plant to be located in Puawy, Poland.

Key Points: 
  • ERMA is pleased to announce that it will support Mkango Resources Ltd. (AIM/TSX-V: MKA) with securing financing for the development of a rare earth separation plant to be located in Puawy, Poland.
  • This plant will be supplied with rare earth carbonate originating from Mkangos Songwe Hill primary deposit of rare earth elements in Malawi, Africa.
  • The plant will also be able to process other materials supplied by third-party providers thus acting as a future European Hub for rare earth elements separation.
  • All these rare earth elements are critical in the production of electric vehicles, wind turbines and other clean energy applications that are key to Europes Green Agenda.

Mkango Commences Final Stage of Hydrometallurgy Piloting for the Songwe Hill Rare Earths Project in Malawi

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Tuesday, December 14, 2021
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LONDON and VANCOUVER, British Columbia, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce the commencement of the final stage of hydrometallurgy pilot plant test work for the Songwe Hill Rare Earths project in Malawi (“Songwe” or the “Project”). Design and engineering studies by lead engineer SENET (a DRA Global Group Company) are nearing completion, with the Songwe Feasibility Study targeted for the first quarter of next year.

Key Points: 
  • The piloting of the hydrometallurgy processing flowsheet is an integral part of the Feasibility Study and a critical step towards commercialisation of the Songwe project.
  • This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
  • Mkango is developing Songwe Hill in Malawi with a Feasibility Study targeted for completion in Q1 2022.
  • 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.

Mkango Increases Interest in Rare Earth Magnet Recycler HyProMag to 42%

Retrieved on: 
Wednesday, November 3, 2021
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LONDON and VANCOUVER, British Columbia, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that it has increased its interest in HyProMag from 25% to 41.6% following the exercise by HyProMag of its right to convert into shares of HyProMag the £200,000 convertible loan which formed part of the £500,000 financing package completed in January 2020. HyProMag is pioneering commercialisation of short loop magnet recycling via the patented Hydrogen Processing of Magnet Scrap (HPMS) technology. The HPMS process for extracting and demagnetising neodymium iron boron (“NdFeB”) alloy powders from magnets embedded in scrap and redundant equipment, was originally developed within the Magnetic Materials Group at the University of Birmingham and subsequently licenced to HyProMag.

Key Points: 
  • HyProMag is pioneering commercialisation of short loop magnet recycling via the patented Hydrogen Processing of Magnet Scrap (HPMS) technology.
  • Mkangos 41.6% interest in HyProMag is held via 100% owned subsidiary, Maginito Limited (Maginito), which has an option to increase its interest in HyProMag up to 49%.
  • William Dawes, Chief Executive of Mkango, stated: We are very pleased to increase our interest in HyProMag, which has the technology, team and network of partnerships to unlock the supply chain for rare earth magnet recycling.
  • Maginito now holds a 41.6% interest in UK rare earth (NdFeB) magnet recycler, HyProMag ( www.hypromag.com ) with an option to increase its interest to 49%.

Mkango Announces Closing of Transaction to Acquire 100% of the Songwe Hill Rare Earths Project and Maginito

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Monday, November 1, 2021
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The Company also announces that each of Mr Will Dawes, Chief Executive Officer, and Mr Alex Lemon, President, has entered into employment agreements with Mkango Rare Earths UK Limited, a wholly-owned subsidiary of Mkango, to replace previous consulting agreements held directly with Mkango.

Key Points: 
  • The Company also announces that each of Mr Will Dawes, Chief Executive Officer, and Mr Alex Lemon, President, has entered into employment agreements with Mkango Rare Earths UK Limited, a wholly-owned subsidiary of Mkango, to replace previous consulting agreements held directly with Mkango.
  • This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
  • Mkango is developing Songwe Hill in Malawi with a Feasibility Study targeted for completion in Q1 2022.
  • Mkango also has an extensive exploration portfolio in Malawi, including the Mchinji rutile project, the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.

U.S. Water Heater Market Size to Reach Revenues of USD 4.1 Billion by 2026 - Arizton

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Thursday, October 14, 2021
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CHICAGO, Oct. 14, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this U.S. water heater market report.

Key Points: 
  • CHICAGO, Oct. 14, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this U.S. water heater market report.
  • The U.S. water heater market is expected to grow at a CAGR of over 4.89% during the period 20202026.
  • Key Highlights Offered in the Report:
    The US water heater market is expected to grow significantly during the forecast period.
  • These water heaters require relatively lesser time to heat the water as compared to electric water heaters.