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Cheers Lewis. Looks like I absolutely nailed this one.
THIS IS MAJOR NEWS. Excellent project with new fresh ideas and conglomerates like GKN and Jaguar Land Rover on board.
Listen. This company is on everyone’s radar ….everyone would love to buy it but can’t because the USA are first movers. Expect another big jump today as we test 30p. I’m expecting more news this week. Come on mka. That’s more like it.
MKANGO AND HYPROMAG TO COLLABORATE IN MAJOR NEW GRANT-FUNDED PROJECT TO RECYCLE RARE EARTH MAGNETS FROM ELECTRONIC WASTE, ELECTRIC MOTORS AND WIND TURBINES FOR THE UK SUPPLY CHAIN
Highlights
-- Mkango Rare Earths UK Ltd ("Mkango UK") is pleased to announce it will collaborate with HyProMag, Bowers & Wilkins ("B&W Group"), European Metal Recycling ("EMR"), GKN Automotive Innovation Centre ("GKN Automotive"), Jaguar Land Rover and University of Birmingham ("UoB") in the Driving the Electric Revolution challenge at UK Research and Innovation grant funded project, "Secure Critical Rare Earth Magnets for UK" ("SCREAM" or the "Project")
-- SCREAM will establish a recycled source of rare earth magnets in the UK to provide greater security of supply to UK industry, whilst aiming to achieve a 10% reduction in cost and a significant reduction in environmental impact, with an estimated 88% less energy for short loop (i.e. magnet to magnet) recycled magnets versus primary mining to separation to metal alloy to magnet production
-- The Project includes pilot plants for short loop recycling, encompassing scrap pre-processing, HPMS (Hydrogen Processing of Magnet Scrap) and production of recycled sintered magnets, as well as for complementary recycling routes, namely remelting and strip casting to produce neodymium, iron, and boron ("NdFeB") alloys as well as chemical processing
-- Mkango UK's role in the Project is to establish a pilot p lant in the UK to chemically process recycled HPMS NdFeB powder and magnet swarf (i.e. the powder produced from grinding and finishing magnets) from a range of scrap sources including electronic waste, electric motors and wind turbines, complementing the short loop magnet recycling route s being developed in parallel
-- HyProMag will work with UoB to develop a new semi continuous version of the HPMS process and to produce short loop recycled sintered magnets at multiple grades to match the requirements for a range of applications
London / Vancouver: March 14 , 2022 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that its 100% owned subsidiary, Mkango UK, is collaborating with B&W Group, EMR, GKN Automotive, HyProMag, Jaguar Land Rover and UoB in a GBP3.4 million magnet recycling project, SCREAM, of which GBP2.4 million or 71% will be funded by Driving the Electric Revolution, an Industrial Strategy Challenge Fund challenge delivered by UK Research and Innovation (UKRI).
The budget for Mkango UK's chemical processing pilot plant programme, to be developed as part of the Project, is GBP1.1 million, of which GBP0.8 million or 70% will be funded by UKRI. Mkango UK was established by Mkango to evaluate and develop complementary opportunities in rare earth recycling and green technology in the UK.
Mkango also holds a 42% interest in SCREAM project partner, HyProMag, together with certain offtake and supply rights.
Good shout, news landed. Massive endorsement 30p again
The total amount will be given to MKA in return for equity of songwe. The entire funding will be done through the US government and a percentage allocated to uk. This will be the break neck rns we will need to see us ride off in to the moon.
Before then is BFS, JV Thambani, Rutile, Hypromag, Offtakes, Funding, and many more to come. Hold on folks. I can see the dizzy heights actually being reached.
Mka have tweeted on Saturday and now on Sunday which suggests to me there’s an rns coming regarding Hypromag. Let’s hope we get one early mon / tues so we can reach the promise land of the 30s. :)))
I am, the games the mms play with this are a disgrace.
There you have my 100k buy finally printed as sell. Are you happy LewisWinthorpe?
Hi Lewis, I trade some of my MKA shares - and thankfully so as if I hadn't would have not made much money from MKA in the time I have been invested, instead of decent profits. I have had a core holding since the middle of last year. My interest is the share price growing. The same as yours. No need for the snark.
People only care re the seller if they are short term traders and in isolation it hasn't knocked the sp much at all. We are in the market doldrums.
The fundamentals of this are solid and strengthening weekly. The value will be recognised.
The seller could be russian. Question is will we see an RNS. Probably not. Enough said.
sanchez, its one of the reasons for the large spread, some dimwit is selling in to any rise hence the sp being at these levels.
amazing to see this looney not caring about the most important news coming thick n fast but is hell bent on selling hard n fast.
happy if it closes 25p bid -26.5p ask thats the besr we can ask for at this moment
At it again... I've tweeted to suggest MKA get one of their TR1 holders to arrange a transfer from whoever is perpetually selling 50k lumps into every rise. It's mind-numbing how the SP cannot hold even the most modest of progress.
https://twitter.com/Sanch3z599/status/1502276777745473544?s=20&t=oZ9EOlPHByRVNBQqSOoaXg
ERMA emphasise MKA's holistic (mine refine recycle) strategy, ie they like the whole more than the parts, so I agree this perhaps militates against outright sale of Songwe being on the cards.
Imagine the trading if they ran the book at a 2% spread and didn't try to make their fortune off every transaction. Tongue in cheek, but it really is such poor market making for investors.
It would help if there wasn't an advertised spread of nearly 10% and a real spread of what is currently 26.099 / 24.6. it's actually the thing I dislike most about this share. The market makers make it look so unappealing. They are like the sales prevention service.
Good stuff. Decent news flow over the next week or two. Good news today too. 50p sooner rather than later. GLA
: ERMA to support #MKA in securing financing for its separation plant in Poland. "ERMA is managed by EIT RawMaterials, a Knowledge and Innovation Community of the European Institute of Innovation and Technology, a body of European Union."
Monday's RNS, concerning the successful completion of hydrometallurgical testing, was evidently a key milestone to accelerate financing discussions. Whilst acknowledging I sound like a parrot(!): a secure supply of rare earth elements is absolutely vital for nations now,especially in light of Ukraine/Russia, and what could quickly lead to de-globalization. Not only are REEs key ingredients in electric vehicles, but also in wind turbines. The energy crisis jolted by the war will very likely accelerate the snowballing of these technologies.
And then there's the second vital aspect of REEs: the use of REE permanent magnets in numerous military applications. It is this aspect - REEs being a matter of National Security - that sets the group of metals apart from the other 'green metals'
#MKA is one of the cheapest pure-play REE companies on the public markets, on an absolute basis. On a relative basis, I'd argue it's by far the cheapest. It now has an EU body signed up to secure financing for its separation plant; and Malawi's government is broadcasting......the national significance of the Songwe Hill project. The combined NPV of the integrated mine and separation plant projects is - at current spots and by my estimates - over $1.5bn. #MKA's mkt cap: £53m. I'd also suggest it deserves a premium valuation rating over....pre-producers of other types of green metals. I believe War has caused #MKA's recent suppressed valuation (esp. with it being on Poland's doorstep). Counterargument: current geopolitics only increases the inherent value and importance of the planned separation plant.
https://twitter.com/MylesMcNulty/status/1502186478465597444
Should be in the next two weeks.
Munchbox, not answering for Poly but Freetrade offer MKA with no dealing charges just the £9.99 monthly fee on their Freetrade Plus. Maybe he used something like that?
Yes, we shall be back to 30p levels next week - Monday will be good. It will let news circulate over the weekend. More positive news will make this crazy. New uptrend to 50s just began. GLA
Polinvest. Where are the dealing charges ? Lol
Expecting huge news next week about thambani and rutile.
30p beckons next week.
Execution Date 10/03/2022
Execution Time 09:33
Value £24,199.90
Price (settlement price): 24.19999p
What price did you pay? I will look out for it.