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Pin to quick picksMkango Res Share News (MKA)

Share Price Information for Mkango Res (MKA)

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Share Price: 6.25
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Mkango Resources Rises As Rare Earths Miner Starts Trading On AIM (ALLIPO)

Wed, 15th Jun 2016 08:35

LONDON (Alliance News) - Mkango Resources Ltd shares rose on Wednesday morning as the rare earths miner started trading on London's AIM market.

Mkango issued 30.3 million shares at 3.3 pence per share to raise GBP1.0 million, which will be put towards progressing the company's Songwe Hill rare earths project in Malawi. Shares in the firm were trading at 3.9p on Wednesday morning, up 18%.

"Based on extensive benchmarking and industry analysis, I am confident that Mkango has the potential to be a future low capex, lowest cost quartile, sustainable producer of rare earths, thereby providing a strong foundation for entering into partnerships, marketing and offtake arrangements," said Mkango Chief Executive William Dawes.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Mkango eyes HyProMag feasibility study completion this year

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Mkango announces US HyProMag partnership

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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.

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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.

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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.

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Mkango reports progress on HyProMag's US ambitions

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Mkango inks 50-50 venture with CoTec for US project

(Sharecast News) - Mkango Resources and its partner CoTec Holdings announced their collaboration through a 50-50 joint venture to roll out HyProMag's innovative rare earth magnet recycling technology in the United States on Thursday.

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(Alliance News) - Mkango Resources Ltd on Tuesday said HyProMag Ltd, which its 90%-owned subsidiary Maginito Ltd fully owns, is participating in a GBP1.5 million project called Re-RE Wind, which aims to establish the UK's first circular supply chain for rare earth magnets used in wind turbines.

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