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  3. Mkango Res Share Price
  4. Mkango Res Share News
  5. Mkango Resources Rises As Rare Earths Miner Starts Trading On AIM (ALLIPO)

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Share Price Information for Mkango Res (MKA)

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Share Price: 7.10
Bid: 6.70
Ask: 7.50
Change: 0.00 (0.00%)
Spread: 0.80 (11.94%)
Open: 7.10
High: 7.10
Low: 7.10
Prev. Close: 7.10
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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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14 Sep 2023 14:14

Mkango subsidiary partners with CoTec for magnet recycling technology

(Alliance News) - Mkango Resources Ltd on Thursday said its subsidiary, Maginito Ltd, has formed a joint venture with CoTec Holdings Corp for the roll-out of HyProMag's rare earth magnet recycling technology.

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14 Sep 2023 13:34

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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12 Sep 2023 17:07

Mkango Resources firm to work on grant-funded offshore wind project

(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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12 Sep 2023 17:07

Mkango Resources firm to work on grant-funded offshore wind project

(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.

Read more
25 Aug 2023 11:30

IN BRIEF: Mkango Resources interim loss down; pays Bacchus in shares

Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Pretax loss in the six months to June 30 narrows to USD1.6 million from USD4.2 million a year prior. The company does not generate revenue. Meanwhile, Mkango issues 280,678 shares to Bacchus Capital Advisors Ltd for CAD0.1650 each, based on the closing price of Mkango shares as at June 30 and a USD to CAD exchange rate of USD1 to CAD1.3232 that day. The shares are for strategic and financial advisory services that Bacchus provided to Mkango in the second financial quarter to June 30.

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3 Aug 2023 11:17

Mkango Resources' Maginito ups HyProMag holding for GBP1 million cash

(Alliance News) - Mkango Resources Ltd on Thursday said that Maginito Ltd has successfully increased its ownership in HyProMag Ltd to 100% for a cash and share consideration.

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3 Aug 2023 10:41

AIM WINNERS & LOSERS: Devolver Digital down on earnings warning

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

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16 May 2023 17:31

TRADING UPDATES: Zenova inks order; Seeing Machines in Raytheon deal

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

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16 May 2023 12:25

Mkango to take full ownership of HyProMag

(Sharecast News) - Mkango Resources has entered into an agreement to increase its ownership stake in HyProMag from 42% to 100%, it announced on Tuesday, in a cash and share transaction.

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2 May 2023 20:48

TRADING UPDATES: Arrow Exploration boasts "fantastic" year of growth

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

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16 Mar 2023 20:21

TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

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

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14 Feb 2023 11:37

IN BRIEF: Mkango Resources CEO William Dawes buys GBP100,000 in shares

Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Chief Executive Officer William Dawes buys 800,000 shares at an average price of 12.85 pence each, worth GBP102,800, in London on Monday. Dawes is now interested in 9.5 million shares, a 4.4% stake. This includes 975,238 shares in his own name and 8.5 million shares controlled through Leo Mining & Exploration Ltd. Dawes is a director of Leo Mining and owns 17.3% of the issued and outstanding shares.

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13 Feb 2023 10:38

AIM WINNERS & LOSERS: Kape Tech rises on USD1.5 billion takeover offer

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

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13 Feb 2023 09:45

Mkango Resources shares down following GBP3.5 million fundraise

(Alliance News) - Mkango Resources Ltd on Monday said it has raised GBP3.5 million through a placing and subscription of 28.0 million new shares at a price of 12.5 pence each.

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6 Feb 2023 19:15

TRADING UPDATES: DeepVerge wins contract; Cora Gold plans fundraise

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

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