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Share Price: 7.10

Bid: 6.70

Ask: 7.50

Change: 0.15 (2.16%)

Spread: 0.80 (11.94%)

Open: 6.85

High: 7.10

Low: 6.75

Prev. Close: 6.95

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Mkango gets two-year licence renewal on its flagship project

Wed, 12th Dec 2018 09:39

(Sharecast News) - Malawi-focussed rare earths exploration and development company Mkango Resources announced on Wednesday that the Government of Malawi has granted a further two-year renewal to its flagship project.The AIM-traded firm said the extension would run from 21 January next year to 21 January 2021, and was for exclusive prospecting licence 0284, also known as the Phalombe Licence, in the southeast of the country."Mkango's flagship project, the Songwe Hill Rare Earths Project is located in the Phalombe Licence," the company's board said in its short statement.

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10 May 2024 21:08

IN BRIEF: Mkango Resources cuts executive pay to save costs

Mkango Resources Ltd - Vancouver-based mineral explorer and developer with exploration portfolio in Malawi - Reduces executive management salaries by between 25% and 50% each from April through to September this year. Says this is part of its cost-cutting initiatives and complementary to its GBP750,000 private placement announced on April 11. Explains that cutting executive pay "conserves additional working capital to advance the company's assets". Board has also "implemented a bonus scheme in the form of shares to incentivise the executive management team". Mkango notes that non-executive directors, including Non-Executive Chair Derek Linfield, have been foregoing remuneration since January 1.

11 Apr 2024 16:18

Mkango raises £0.75m to support HyProMag's first commercial sales

(Sharecast News) - Mkango Resources closed a private placing on Thursday, raising £0.75m in gross proceeds to support HyProMag's first commercial sales, among other objectives.

11 Apr 2024 09:35

Mkango Resources raises GBP720,000 after fees in placing of shares

(Alliance News) - Mkango Resources Ltd on Thursday said that it has closed a GBP750,000 private placement, which included a GBP150,000 investment by Chief Executive Officer William Dawes.

11 Apr 2024 09:27

AIM WINNERS & LOSERS: Lok'n Store up on takeover offer from Shurgard

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

25 Mar 2024 12:31

Mkango to begin sales of recycled magnets following fundraising drive

(Alliance News) - Mkango Resources Ltd announced on Monday that it has raised funds totalling GBP900,000.

11 Mar 2024 15:01

IN BRIEF: Mkango eyes HyProMag feasibility study completion this year

Mkango Resources Ltd - rare earth metals explorer - Says BBA USA Inc and PegasusTSI Inc have been engaged to complete a feasibility study for the HyProMag USA asset. The study concerns the engineering and design of a rare earth element magnet recycling facility. "The feasibility study is expected to be completed during H2 2024. HyProMag USA has the potential to supply the US with a sustainable, long term domestic supply of neodymium/iron/boron permanent magnets to enable the creation of secure, low carbon and traceable rare-earth supply chains," it says. Mkango owns around 79% of Maginitom which in turn owns all of HyProMag. Toronto-listed CoTec Holdings Corp owns around 21% of Maginitom.

3 Jan 2024 11:47

Mkango announces US HyProMag partnership

(Sharecast News) - Mkango Resources, alongside CoTec Holdings, announced a partnership with Maginito on Wednesday to establish HyProMag USA as a 50-50 joint venture entity.

3 Jan 2024 10:12

AIM WINNERS & LOSERS: C4X gets Astra payment; Getech wins eight deals

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

3 Jan 2024 09:26

Mkango subsidiary joins CoTec to promote magnet scrap recycling in US

(Alliance News) - Mkango Resources PLC on Wednesday said that its subsidiary will partner with CoTec Holdings Corp to roll out scrap magnetic recycling technology in the US.

12 Dec 2023 15:41

Mkango completes first production run of recycled rare earth magnets

(Sharecast News) - Mkango Resources announced on Tuesday that it has completed its first production runs of recycled rare earth magnets, marking a pivotal moment in securing essential raw materials.

12 Dec 2023 09:32

Mkango celebrates first production of recycled magnets in Birmingham

(Alliance News) - Mkango Resources Ltd on Tuesday announced the first production of recycled rare earth magnets on commercial scale manufacturing equipment in the UK in over 20 years.

30 Nov 2023 19:57

EARNINGS AND TRADING: Lendinvest completes securitisation

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

11 Oct 2023 17:24

Mkango Resources hails HyProMag's technology chosen for key project

(Alliance News) - Mkango Resources Ltd on Wednesday said that HyProMag Ltd's rare earth magnet recycling technology has been selected by the Minerals Security Partnership for support as one of its key projects.

10 Oct 2023 16:36

Mkango reports progress on HyProMag's US ambitions

(Sharecast News) - Mkango Resources, alongside CoTec Holdings, updated the market on the incorporation of HyProMag's rare earth magnet recycling technology in the United States on Tuesday.

10 Oct 2023 14:28

Mkango rare earth recycling JV advances to feasibility study in US

(Alliance News) - Mkango Resources Ltd on Tuesday said planning for the US feasibility study for its joint venture with CoTec Holdings Corp, HyproMag Ltd, has started, with completion targeted for mid-2024.

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