Mchinji

HyProMag to Participate in Innovative Project to Develop the UK’s First Circular Supply Chain for Wind Turbine Rare Earth Magnets

Retrieved on: 
Tuesday, September 12, 2023
Hydrogen, Magnet, TSX Venture Exchange, Neodymium, University of Birmingham, Acquisition, Investment, European, Project, News, Area studies, Metal, University, AIM, Mchinji, MKA, Wind, Government, Comment, HPMS, Social, Nitrogen, Catapult, Innovate UK, Democracy, Cold Hands, Warm Heart, European Union (Withdrawal) Act 2018, Neodymium magnet, Electronic waste, Biophysical environment, Dysprosium, Economics, ORE, Partnership, EMR, Tyseley, Person, Market abuse, Plant, Nature, Regulation, Innovation, Praseodymium, Terbium, Renewable energy, Rare-earth element, EU, Recycling

LONDON and VANCOUVER, British Columbia, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the “Company” or “Mkango”) is pleased to announce that HyProMag Limited (“HyProMag”) is collaborating with EMR, the Offshore Renewable Energy (ORE) Catapult, Magnomatics and University of Birmingham in a £1.5 million project, Re-RE Wind (“Re-RE Wind” or the “Project”), of which £1.0 million or 67% will be funded by Innovate UK’s circular critical materials supply chains (CLIMATES) programme. The budget for HyProMag’s portion of the Project is circa £350,000 of which 70% will be funded by the grant. The grant is subject to signature of a collaboration agreement between the parties.

Key Points: 
  • The budget for HyProMag’s portion of the Project is circa £350,000 of which 70% will be funded by the grant.
  • “Re-RE Wind will address the hurdles for recycling of permanent magnets from wind turbines, effectively unlocking a new domestic source of rare earths.
  • This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
  • 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.

Notice of Investor Presentation

Retrieved on: 
Monday, July 10, 2023
Feasibility study, TSX Venture Exchange, Democracy, Cold Hands, Warm Heart, Neodymium, Mchinji, Metal, Terbium, London Stock Exchange, Alpha (finance), Neodymium magnet, Gas–oil separation plant, Government, Person, Wind, London, Nature, Comment, European, Praseodymium, Biophysical environment, Dysprosium, Social, Nitrogen, News, Rare-earth element, Recycling

This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.

Key Points: 
  • This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
  • Mkango is listed on the AIM Market of the London Stock Exchange (“AIM”) and the Toronto Venture Exchange (“TSX-V”).
  • Malawi is known as "The Warm Heart of Africa", a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway.
  • The Pulawy Separation Plant is expected to process the purified mixed rare earth carbonate produced at Songwe Hill.

Mkango releases Q1 2023 financial statements and awards share options and RSUs

Retrieved on: 
Tuesday, May 30, 2023
Feasibility study, TSX Venture Exchange, Democracy, Cold Hands, Warm Heart, Neodymium, Mchinji, Metal, London Stock Exchange, Alpha (finance), Neodymium magnet, Gas–oil separation plant, Government, Person, Wind, London, Nature, Comment, European, Praseodymium, Biophysical environment, Dysprosium, Social, Nitrogen, News, Terbium, Rare-earth element, Recycling

This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.

Key Points: 
  • This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
  • Mkango is listed on the AIM Market of the London Stock Exchange (“AIM”) and the Toronto Venture Exchange (“TSX-V”).
  • Malawi is known as "The Warm Heart of Africa", a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway.
  • This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango.

Mkango releases year-end 2022 financial statements, appoints Investor Relations Adviser and issues shares to Bacchus Capital

Retrieved on: 
Tuesday, May 2, 2023
Area studies, Feasibility study, TSX Venture Exchange, Democracy, Neodymium, Cold Hands, Warm Heart, Mchinji, Metal, Terbium, London Stock Exchange, Alpha (finance), Neodymium magnet, Gas–oil separation plant, Government, Person, Wind, Plant, Investment, London, Nature, Regulation, Comment, HPMS, European, Praseodymium, Biophysical environment, Dysprosium, Social, Nitrogen, News, Economics, Rare-earth element, Recycling

This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.

Key Points: 
  • This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
  • Mkango is listed on the AIM Market of the London Stock Exchange (“AIM”) and the Toronto Venture Exchange (“TSX-V”).
  • Malawi is known as "The Warm Heart of Africa", a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway.
  • This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango and CoTec.

Mkango Provides Update on Placing

Retrieved on: 
Monday, February 27, 2023
MKA, Regulation, Nitrogen, TSX, Praseodymium, Metal, Comment, News, Terbium, Neodymium, European, Gas–oil separation plant, Application, Cold Hands, Warm Heart, TSX Venture Exchange, Dysprosium, Democracy, Economics, Admission, COVID-19, Share, Common, Plant, Neodymium magnet, Indian stock exchange, Wind, Nature, AIM, Feasibility study, Mchinji, Area studies, Security (finance), Rare-earth element, Treasury, Recycling

C$0.2025) per Placing Share, raising £3.5 m (£3.25m net of fees) from new and existing investors (the “Placing”).

Key Points: 
  • C$0.2025) per Placing Share, raising £3.5 m (£3.25m net of fees) from new and existing investors (the “Placing”).
  • Accordingly, 28,000,000 Placing Shares have now been issued pursuant to the Placing.
  • The Placing Shares are subject to a statutory hold period in Canada expiring on June 28, 2023.
  • In addition to the Placing Shares, the Company has issued an aggregate of 1,400,000 non-transferable warrants to the brokers who advised in connection with the Placing.

Mkango Announces Director Dealing

Retrieved on: 
Tuesday, February 14, 2023
Market abuse, Neodymium, Area studies, Neodymium magnet, Praseodymium, Wind, Economics, Nitrogen, Nature, News, European Union (Withdrawal) Act 2018, MKA, Gas–oil separation plant, Cold Hands, Warm Heart, Plant, Metal, Comment, Regulation, Terbium, Democracy, Feasibility study, COVID-19, Mchinji, European, Dysprosium, Rare-earth element, Recycling, Share (finance), EU

This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.

Key Points: 
  • 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 completed in July 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.
  • This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango.

Mkango and CoTec Provide Transaction Update

Retrieved on: 
Thursday, December 29, 2022
Wind, Market abuse, TSX Venture Exchange, Neodymium magnet, Nitrogen, Neodymium, TSX, Mchinji, Praseodymium, Dysprosium, Gas oil separation plant, Terbium, CTH, Union, MKA, European Union (Withdrawal) Act 2018, Feasibility study, Democracy, Cold Hands, Warm Heart, Rare-earth element, EU, Recycling

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

Retrieved on: 
Wednesday, September 7, 2022
Terbium, MKA, Phrase, Feasibility study, COVID-19, Technology, Neodymium magnet, Nitrogen, Gas oil separation plant, Carbon, European Union (Withdrawal) Act 2018, Advance, Ownership, CTH, Area studies, Mchinji, TSX Venture Exchange, Praseodymium, Economics, Comment, Union, Democracy, TSX, Market abuse, Transaction, GLOBE, Intention, Company, Dysprosium, Mineral, News, Cold Hands, Warm Heart, Regulation, Wind, Neodymium, Metal, Nature, Online gambling, Rare-earth element, EU, Recycling

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
Praseodymium, European Union (Withdrawal) Act 2018, Carbon, Union, Transaction, Nitrogen, Terbium, Mineral, CTH, GLOBE, Comment, MKA, Phrase, Technology, Tyseley, Neodymium magnet, Intention, News, Nature, Regulation, Democracy, Neodymium, COVID-19, TSX, Feasibility study, Feasibility, Area studies, Ownership, Gas oil separation plant, Dysprosium, Market abuse, ESG, Wind, Cold Hands, Warm Heart, Economics, Metal, Mchinji, Company, Rare-earth element, Advance, EU, Recycling

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)

Retrieved on: 
Monday, May 30, 2022
Hydrogen, Magnet, Gas oil separation plant, China National Materials Group, Carbon, University, Tyseley, Documentation, CTH, Feasibility, News, Investment, Nature, COVID-19, Wind, TSX, Intention, Electronic waste, Transaction, Neodymium magnet, GLOBE, Dysprosium, Company, MKA, Area studies, Electronics, European Union (Withdrawal) Act 2018, Cold Hands, Warm Heart, Nitrogen, Ownership, Collaboration, TSX Venture Exchange, Mineral, Regulation, Magnetism, Market abuse, Phrase, Praseodymium, Economics, Terbium, HPMS, Feasibility study, Metal, MMG, Mchinji, Technology, Union, Democracy, Comment, Neodymium, ESG, Security (finance), Renewable energy, Rare-earth element, Recycling, EU

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%.