Member Info for GLR1990

The casino is offering you six maybe seven to one odds on the blackjack tables and nobody is playing

Yes you can lose, everyone can lose at any point in life, everything has a risk, but when the odds are this significantly in your favour in the investment circle and you are not taking the chance I do call it madness.

Facts

F4 1/A submitted

SK-1300 submitted

Sponsor Funds Raised ($5m)

Multiple US DOD / Generals on the board of directors

$4.5m raised already for FEED

MKA will hold ~79.9%

Speculative:

Listing Date (likely next 3 months IMHO)

Opening day trading (Likely to do 100% IMHO but this is my position only)

Rare earth market will still be hot (extremely likely)

Facts

1) USA Rare Earth (NASDAQ: USAR) surged 70% to close at $18.55 on its first day of dealings. Now trading at $23 per share.

2) MP Materials Corp. (NYSE: MP) went public via a $1.5 billion SPAC merger on 18 November 2020 and experienced a highly successful first day of trading, closing up roughly 12% at $11.11 per share (now trading at $60 per share)

In terms of explosive IPO day 1 trading sessions

3) Evolution Metals & Technologies Corp. (NASDAQ: EMAT) experienced an explosive, highly volatile first day of trading on Tuesday, 6 January 2026, closing up a massive 136% from its opening price

Due to the $MKAR estimated low free float (around 10%) I would expect, if demand is hot which it should be as we have the US DOD on board in a super hot market (rare earth mining and processing) for the valuation to soar 50-100%.

The face value of MKAR is around 75p to MKA, at $10 per share (listing price), therefore my baseline for this would be anywhere between 75-150p per share and this is just for the mining assets

Then we have HyProMag

Note: n November 2025, USA Rare Earth (NASDAQ: USAR) completed the acquisition of the UK-based critical minerals manufacturer Less Common Metals (LCM) for a total transaction value of roughly $217 million, comprising $100 million in cash and 6.74 million shares of USAR stock

IMHO HyProMag is double at minimum the value of USAR's LCM, at a paltry price of just $400m USD to MKA HyProMag would accrue a value of around 75p

Thus giving our new baseline estimation of around £1.50-£2.25

However, the new business would now be primarily a recycling technology with unlimited blue sky expansion and revenue potential, funded by a $400m "Liquid" investment in a rare earth processing plant and mine, not by retail.

Therefore the newly 'about to list' HyProMag would have

- blue sky global operations in multiple continents

- low cost revenue generating operations

- Ability to scale anywhere in the world as a working proven technology

- $400m USD of liquid backing provided by MKA sales in $MKAR, should they choose this path

Therefore, the eventual valuation of HyProMag, with all this backing and investment potential, could be several billions by the time it finally makes its way onto the NSDQ

Most of that was written with AI, now for a human touch :P

In other words, HyProMag is worth a lot more than LCM and that was bought in 2025 for $220m USD, not to mention we just bought a midstream processing unit via our latest acquisition in Germany, we have the full short, medium and long loop process covered. As per below, it could be worth $1bn+ in due course, but for now it has an absolute guaranteed minimum floor of at least $220m (I know people will say why are you low balling HyProMag, but its merely to point out that todays market cap = LCM value in 2025 = dont panic)

Then we have the IPO of MKAR as the gravy on top, which as we know is going to be around $400m, or nearly 2x todays market cap and the F4 has already been published. There is very little reason for this to no go ahead, it looks like we are only raising around $23m USD which makes sense as all the construction costs could come from the US GOVT for an equity stake once listed (much easier right?)

It's incredible to see us so close to greatness, after 20 years of hard work, and the market is arguably at peak fear selling us down to just $200m market cap.

HyProMag vs Less Common Metals (USAR acquired in 2025 for $220m USD)

The Real-World Baseline

A literal real-world comparison anchors this estimation:LCM's Real Value: In late 2025, USA Rare Earth acquired Less Common Metals for approximately $220 million.

This sets an excellent real-world baseline for a midstream processing asset.

HyProMag's Asset Value:

HyProMag's parent company, Mkango Resources, published a detailed financial design study for just its HyProMag USA (Texas) facility. Under standard forecast pricing, that single plant alone carries an estimated post-tax Net Present Value (NPV) of $780 million (or $409 million using conservative, flat market prices).

Because HyProMag also owns operational facilities in the UK and Germany, the combined global business carries a significantly higher valuation ceiling than a single manufacturing plant

Songwe Hill / Pulawy IPO (F4 now registered)

What Goes to NASDAQ (MKAR)Songwe Hill (Malawi): An advanced-stage, open-pit rare earths mining project with an updated Definitive Feasibility Study (DFS) indicating an 18-year mine life and a post-tax Net Present Value (NPV) of $339 million.

It will produce a refined mixed rare earth carbonate (MREC).Puławy (Poland): A proposed downstream separation plant designed to take the materials from Songwe Hill and separate them into high-purity rare earth oxides.

A recent pre-feasibility study (PFS) gave the Puławy plant an independent post-tax NPV of $779 million.The Strategic Backing: Both Songwe and Puławy have been officially designated as Strategic Projects under the EU Critical Raw Materials Act, and Songwe has secured project development backing from the U.S. International Development Finance Corporation (DFC)

The NASDAQ listing via the business combination with Crown PropTech Acquisitions (CPTK) values Mkango’s remaining shareholding in the spin-off company (MKAR) at an implied pro forma equity valuation of US$400 million

1) HyProMag:

Floor: $220m USD

Middle: $450-600m

Upside: ?

2. MKAR

1. Floor $350m (Minus Pipe)

2. Middle $400m

3. Upside (Most RE companies spike on IPO) $800m USD

Minimum market cap by Y/E $550/600M - with upside of potentially $1.6bn+

Current market cap $200m USD (Mkango)

If the bag sells for £1m how much do BSFA get?

Not that is matters ultimately as its all about commercialisation and what comes next

If its good enough for Dr Phil then its good enough for me

I prescribe some profit

**400's

Looks very good, I think we are pretty clear until the high 40's here

Major tailwinds and interest in the company + peers in the market have done 2-300% so we really need to set our sights high

Not to mention the balance sheet is actually very strong and we are a healthy profitable company

Really liking what I see here at CML, I should really add more.

In other words what I am trying to say is both outcomes cannot be true

investors cannot invest in MKAR at $10 per share when MKA gives you access at $5 per share

Either MKAR crashes in value between now and listing date, which since the F4 is now public, cannot happen... or MKAR lists at $10 per share as expected and MKA rises closer to its holding in MKAR

You cant have it both ways because it would be like two shops next to each other, both selling the same bottle of milk for £1 and £2 respectively, buyers will naturally just go to the cheaper option pushing the price up of the cheaper store.

Same thing happened with 80M

As soon as the F4 became public investors starting slowly (then aggressively) accumulating in 80M vs GLND, although GLND has done terribly since (Oil stock not rare earths) but the read across is you can either buy face value in the listed asset e.g. MKAR at $10 per share, or you can buy MKA now which would be like buying stock at say $5 per share pre-ipo, only caveat is if MKAR does 100% on listing day you cant sell, but as its an actual solid asset backed by the US GOVT many wont be looking to sell, USAR for reference IPO'd at $8 I believe and hit $18, either way its going to be explosive and when news gets out then US investors will position here due to the massive discount and hypromag exposure.

What many also dont realise is todays market cap is ~$233m vs what will likely be a SPAC listing of say $350/360m net to MKA, so already we are a looking at a 50% increase from here WITHOUT any HyProMag value which is insane

BUT, here's the kicker. Almost every single RE IPO that I have seen in the last 12 months has been absolutely explosive, rising over 50% on listing day (I still have a tweet of USAR hitting 18p!)

So not only can you buy at a 50% discount with HyProMag thrown in for free, but investors will be flocking to pay the face value of the listing, in anticipation of an explosive rise on IPO day.

You could pay £1+ for MKA today and the logic would be sound.

Insane value! In the coming sessions I suspect we will do serious numbers once this is fully digested and makes its way around investor circles.

Agree massive year ahead

USAR and MP are leading in the space but my word we are picking off competitors fast coming from the back of the pack, I think the BoD are truly going for it, they want to take on the big guns and dont seem to have any fear. Love it!

agree b99 and although we complain about the pricing of our fundraisers, the last have been as follows.... 5p / 8p / 30p / 33p

99.9% of listed companies would bit your hand off for that type of growth and investment in just a 12-18 month period (yes aware we did also raise at 24p, 12.5p and 5p but if you dont understand how bad the re market was during those years then you really need to do some research!)

the last raise as well, £12.5m - we truly attracted some interest with that one, and now they have stuck to their word and found an absolute gem. i always ask myself when an acquisition takes place, 'how would you feel if a rival did this? lcm for example?'.

if usar/lcm took over this company, very close to our operations btw, id be pretty ****ed and annoyed why we didn't compete.

next stop gkn? :p

Good to see MKA aggressively expand the offering and business footprint with a major acquisition in Germany

Very smart move, arguably this or the GKN plant was top of the list

https://www.heraeus-remloy.com/en/

Privately owned by a multi-billion euro organisation, lots of money has been spent on multiple plants over the years that were pretty much mothballed or just plodded along due to Chinese suppression in pricing, by acquiring assets at distressed prices, once price floors come online in the EU we will be absolutely crushing it.

Everyone says buy when there is blood on the streets, well these assets have been through a similar situation and MKA is being aggressive before all of this becomes legislation later in 2026 and 2027.

Incredible, well done BOD!

Everything is getting wrecked, so wont be stock or rare earth related for that matter

Some Notable drops on my watchlist of FAR too many stocks both UK and US

Someone is really hammering in the buys this week, I know we are biased and focus on just the buying (obv there has to be a seller) but considering MP and USAR were both down almost 10% each and we are currently trading ahead, I think that bodes extremely well and potentially suggests someone knows a little bit more than I currently do perhaps regarding the SPAC.

Depends how far along it is, but Tbf I couldn't care if it lists as late as December 2026 as long as the F4 gets made public and it becomes a guaranteed reality?

If we are going to get $400m in the coming weeks or at the end of the year, all that matters is that it is going to happen.

Either way we get ~70-80p in listed value at some point this year and the SP is 46p, with zero value to hypromag... ill buy that for a buck!

Massive ramp but wonder if this could end up developing into an Ozempic style drug?

That's a long way away but got to start somewhere.

Kat is doesnt matter if there is news triggering this rise, can people get out of the UK mindset that we are only worth £170m!

The MINE alone is being listed at $400M minus any pipe funding, even if that goes for $200M (which is ridiculous) the entire market cap it almost covered

Which leaves ZERO value for HyProMag

We need to start thinking big and get out of this UK perception that our stocks are worth what the traditional UK investor says it to be, yes it doesnt help when you raise at X and Y levels but that's the nature of the business, look at IQE raised at 19p the other week and its 53p now because its now a popular US retail stock.

We are worth £2+ and we are trading at a massive discount, nobody will believe it until we get there, and we will get there much faster when the global base realises just what we have.

A bottle of water is worth 50p in the corner shop, and £5 in Disneyland, and priceless to someone lost in the desert.

MKA has been sold in the corner shop for far too long, time to move up in the world!

Diagnostic stocks mooning it again (NCYT up over 100%)

Magic its a good Q but if you think about the 'goal' then it makes a bit more sense IMHO to scale up 'next year'

Lets be real, we have limited funds, whats more important right now, being able to produce 'every' single magnet e.g N52 etc or scaling from 100tpa to maybe 300tpa?

Sure 300tpa is amazing, its an extra £12m revenue perhaps, but it comes with significant costs - IMHO what we need right now (and management will hopefully reveal in due course) is a stronger offering, this comes via the aquisition of the german magnet business and second we need investors on a large scale.

MKA could likely blow the entire £12m right now scaling up, but what would it do to the SP vs building our our suite and our offering, and then bundling all that into an IPO document at the end of 2026 where we can potentially raise hundreds of millions?

This is IMHO managements strategy, we have the blueprint and the technology, we are proving it across the UK and the EU and very soon hopefully the USA. There's no need to be aggressive now IMHO on scale, what we want to be able to do is say we can produce every magnet to the highest standard, as thats what investors will pay for when HyProMag lists in hopefully less than 12 months time.