Consolidation…18 Mar 2026 09:26
From myles…
#MKA's share price has been consolidating in its current range for almost 6 months now.
There are a couple of major potential catalysts in the immediate term (next 9 trading sessions) that have been flagged by mgmt., that might jumpstart the next leg up in the SP:
▪️HyProMag Germany: "first production expected in Q1 2026, subject to permitting." (stated 01/12/25)
[This will transform Mkango into a multinational producer, which is a very rare status within the rare earths industry.]
▪️HyProMag USA: "The NTP for the project is expected in Q1 2026." (stated 01/12/25)
This HyP USA statement also included the following:
"In addition to the EXIM Letter of Interest (for a low cost loan of up to $92m), discussions with two commercial banks in relation to potential project finance for the project are progressing well and entering the due diligence phase, whilst discussions with several US federal and state government bodies to support funding and other incentive opportunities remain ongoing."
[Obviously, successfully securing significant US Gvt funding for the construction of HyP USA's first plant would send MKA's SP up like a rocket.]
▪️Mkango Rare Earths: "the Proposed Business Combination is expected to close in the second quarter of 2026".
[The NASDAQ listing of this subsidiary, set to complete in April - June, is priced at a valuation of circa 84p equivalent per MKA share. Clearly, another key valuation driver for Mkango, which should follow after the above two.]
I continue to believe that at its current paltry mkt cap (relative to the international peer group), Mkango represents an excellent acquisition target for the largest of the ex-China REE players, namely $MP, $UUUU and above all, $USAR. Its controlling stake in world-leading NdFeB magnet recycler, HyProMag, is the crown jewel that I feel will attract those majors.
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