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MKA Mkango Resources Ltd

6.50
0.50 (8.33%)
Last Updated: 08:00:25
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mkango Resources Ltd LSE:MKA London Ordinary Share CA60686A4090 CMN SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 8.33% 6.50 24,863 08:00:25
Bid Price Offer Price High Price Low Price Open Price
6.00 7.00 6.50 6.00 6.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD USD -5.99M USD -0.0236 -4.66 27.88M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:02:08 O 167 7.00 GBX

Mkango Resources (MKA) Latest News

Mkango Resources (MKA) Discussions and Chat

Mkango Resources Forums and Chat

Date Time Title Posts
09/4/202408:10MKANGO RESOURCES LTD (MKA) focused on rare earth elements (REE)2,569
21/8/201813:39Mkango (MKA) One to Watch 3
15/6/201815:38Mkango Resources (MKA) Strategic Deal1
14/11/201609:58Mkango Resources98

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Mkango Resources (MKA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:02:097.0016711.69O
08:56:556.827,270495.96O
07:53:146.862,425166.36O
07:00:286.3115,000946.50O
07:00:256.0010.06UT

Mkango Resources (MKA) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Mkango Resources Daily Update
Mkango Resources Ltd is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker MKA. The last closing price for Mkango Resources was 6p.
Mkango Resources currently has 253,453,574 shares in issue. The market capitalisation of Mkango Resources is £27,879,893.
Mkango Resources has a price to earnings ratio (PE ratio) of -4.66.
This morning MKA shares opened at 6.50p
Posted at 05/4/2024 15:03 by loafofbread
MKA tweeting like the first day of spring!

Nice link to the BBC piece.
Posted at 04/4/2024 07:34 by lewis winthorpe
https://m.youtube.com/watch?v=icwGr0A1KUcWorth a listen if you haven't already, Cotec CEO (Primary MKA partner)Currently valued at 30 Mill. X10 too low at current MCAP. Value proposition many billions MCAP.Extensive newsflow re MKA project this year across US, UK and Germany. E.g. recycling partnerships location selection and revenue.Super exciting times (you will understand when you get to know CEO)
Posted at 25/3/2024 09:16 by lewis winthorpe
I've said it before. It is so important to not have all eggs in one basket in the REE space.The recycling aspect was always deemed as being usefull eventually but it had to be mining first.How times have changed.MKA are uniquely positioned here in the space while others scramble for mine finance.
Posted at 25/3/2024 08:55 by luffness
I am as are MKA.As for current pricing the price is what China wants the price to be...
Posted at 19/3/2024 16:24 by lewis winthorpe
https://www.mining-technology.com/news/eu-approves-critical-raw-materials-act/?cf-viewMKA recycling in Germany H2 24. Polish processing plant DFS next year.All coming together. Expecting to see more interest here going forward and strategic investment
Posted at 19/3/2024 10:11 by jarega85
Great find Lewis. At first I read that as a 'new' MDA being signed as if one previous to it had been signed already with MKA! Lol
Posted at 24/1/2024 13:24 by jonboy9
Around half a million buys, not a single sell and the share price has gone down. MKA really is a unique share
Posted at 15/11/2023 18:50 by loafofbread
Vols,

Apart from this little £100K!

14 February 2023
MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO ANNOUNCES DIRECTOR DEALING
London / Vancouver: February 14, 2023 - Mkango Resources Ltd. (AIM/TSX-V: MKA) ("Company" or "Mkango") has been informed that William Dawes, CEO of the Company, has purchased 800,000 common shares without par value ("Shares") in the Company, comprising 400,000 Shares at a price of 12.95p per share and 400,000 Shares at a price of 12.75p per share.
Following the purchase of the Shares, William Dawes is the beneficial owner of or directly or indirectly controls a total of 9,521,443 Shares in the Company, which represents 4.42% per cent. of the issued share capital and total voting rights of the Company. William Dawes holds 975,238 Shares in his own name, with 8,546,205 of the Shares controlled through Leo Mining & Exploration Limited, a company in which William Dawes is a Director and owns 17.3% of the issued and outstanding shares.
Posted at 30/11/2022 08:57 by lewis winthorpe
No Concerns - Cotec Funding by 23rd December of £1.5m+Today 08:46Can see some have posted today with little knowledge of the company or the current transactions being discussedFrom the last update with CotecThe parties are currently finalising documentation and, in order to accommodate delayed timelines, CoTec has agreed to advance a further £222,500 (US$250,000) to Mkango by way of a convertible advance note (the "Advance") and Mkango has agreed to extend the exclusivity period to 23rd December 2022Cotec are finalising a 10% position in Maginito aka HyProMag which is due to be closed by 23rd December 2022, once completed MKA will receive £1.5m / $1.8m USD, which as per todays report, showing cash burn of $1m USD per three months, with existing cash would be sufficient until H2 2023 minimumCotec are also providing 'INTERIM FINANCING' to MKA, you can read about it at their latest press release, dated 31/10 where they state 'Mkango Resources Ltd. ("Mkango")CoTec has entered into a non-binding term sheet for an investment in Mkango and provided interim financing to them. Mkango has two main assets - a rare earth development project in Malawi which, according to a feasibility study that Mkango published in August[1], has a post-tax NPV10% of US$559M and more interestingly to CoTec, an interest in a green process utilizing hydrogen to recycle rare earth magnets and extract the rare earth elements from them. During the quarter, a pilot plant was commissioned in the United Kingdom to scale up the technology. In connection with its investment in Mkango, CoTec and Mkango will enter into a co-operation agreement regarding future investment in rare earth processing technologies in the US. CoTec believes that the Mkango recycling technology will align well with the desire of the US to be strategically independent of China' Link belowhttps://finance.yahoo.com/news/cotec-holdings-corp-provides-business-214500663.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANszg5XAenPJH7THH4YBCk7TZzuzJ4h6DVWW-GydqBbU-KKfJ6Ey7s0ZSCa70Yud3rHwytAExjLIDa214RBlPCFZG8nVx3VAkBB3W4bQWMzoB67_2SJaD1xmFqgyu9HNy_kxhfnIosNUwuHoOTmadggKSvTJXtTzNNc_L08yXaR0If you are still worried about the cash position then sell up and move on, my concern at the moment is only the MDA and that is backed by the valuation of HyProMagRisk if Cotec don't provide funding? I would state why are they currently financing us at 27p, they have given us £1.225m to date at 27p (CLN) yet cant finalise the one thing they wanted which is a £1.5m investment in HyProMag, you are talking about the ex CEO of Rio Tinto and Anglo PacificWorst case they dont fund us and we keep the 10% interest in Maginito / HyProMag, and keep the £1.225m at 27p already investedAlternate scenario if they cant pay, they give us another £500K and extend exclusivity a bit further into 2023, but either way we get financing at previous favourable rates
Posted at 11/3/2022 08:01 by lasata
Diversifying The Rare Earth Value Chain For Europe’s Green Transition – Erma Supports Mkango In Development Of Pulawy Separation Plant In Poland
March 11, 2022

London / Vancouver: 11 March, 2022 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to note the press release by the European Raw Materials Alliance (ERMA), reproduced below, and looks forward to working with ERMA as we move the Pulawy separation plant towards development:

Securing critical raw materials for the European market is the main goal of the European Raw Materials Alliance (ERMA). The current issues with Europe’s dependency on oil and gas clearly show the importance of diversification of value chains across all strategic industries for the production of green energy.

ERMA is pleased to announce that it will support Mkango Resources Ltd. (AIM/TSX-V: MKA) with securing financing for the development of a rare earth separation plant to be located in Puławy, Poland. This plant will be supplied with rare earth carbonate originating from Mkango’s Songwe Hill primary deposit of rare earth elements in Malawi, Africa. The plant will also be able to process other materials supplied by third-party providers thus acting as a future European Hub for rare earth elements separation.

The Puławy project will aid the creation of a secure supply chain option for neodymium, praseodymium, dysprosium, and terbium for the European Union. All these rare earth elements are critical in the production of electric vehicles, wind turbines and other clean energy applications that are key to Europe’s Green Agenda.

Dr Massimo Gasparon, ERMA Director, commented: “It is the primary role of ERMA to secure raw materials and raw material supply chains for Europe to support industrial ecosystems and create jobs within the European Union. We cannot do this alone which is why diversifying is so key – this is a multi-national project where we have a Canadian partner, Mkango Resources, accessing critical raw materials in Malawi, Africa, processing them in a plant in Poland, all for the benefit of the European economy. The Puławy project is one of the first ERMA projects to get the greenlight to provide critical raw materials needed to fulfill European goals in the green transition while diversifying the supply chain in the long term.”

William Dawes, CEO of Mkango Resources, commented: “We look forward to supporting our partners in Europe with creating a more diverse raw materials value chain. ERMA’s support has been and continues to be important for us, and we are happy to be part of its vast network of leading companies in the raw materials sector. ERMA’s underlying principles are a great fit with the Mkango’s vision and philosophy for the Puławy separation plant and Songwe Hill deposit in Malawi.”

ERMA fully supports Mkango’s corporate strategy to develop new sustainable primary and secondary sources. Their integrated ‘mine, refine, recycle’ strategy differentiates Mkango from its peers, uniquely positioning the company in the rare earths sector. This week, Mkango announced that the final stage of hydrometallurgical piloting at ANSTO for Mkango’s Songwe Hill Rare Earths Project (“Songwe”;) in Malawi has successfully produced rare earth carbonate grading 55% total rare earth oxides (“TREO”) equivalent, enriched in neodymium and praseodymium (“Nd / Pr”) oxides, which together make up 31% of the TREO within the rare earth carbonate product (i.e., Nd / Pr oxides / TREO = 31%). Neodymium and praseodymium are key components of permanent magnets used in electric vehicles, wind turbines and many electronic devices and prices for Nd / Pr oxides have risen by 85% and 135% respectively over the last 12 months.

This cooperation and support with securing financing is one of the first projects resulting from ERMA’s strategic initiatives securing rare earth elements for European industry. A first action plan entitled “Rare Earth Magnets and Motors: A European Call for Action” was issued in September 2021. This report outlines current and projected European demand for Rare Earth Elements and steps which should be taken to secure their supply. The Puławy project is addressing several critical issues highlighted in the report.

About European Raw Materials Alliance (ERMA)

Metals, minerals, and advanced materials are the key enablers for a globally competitive, green, and digital Europe. The European Raw Materials Alliance (ERMA) contributes to ensure a reliable, secure, and sustainable access to raw materials. ERMA’s vision is to secure access to critical and strategic raw materials, advanced materials, and processing know-how for EU Industrial Ecosystems. The alliance brings together all relevant stakeholders, including industrial actors along the value chain, Member States and regions, trade unions, civil society, research and technology organizations, investors, and NGOs. ERMA is managed by EIT RawMaterials, a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT), a body of European Union.

About Mkango Resources Limited

Mkango Resources Ltd. (TSX-V/AIM: MKA) is a Canadian mineral exploration and development company listed on the UK and Canadian stock exchanges. The company is developing the Songwe Hill rare earths project in Malawi, with a Feasibility Study nearing completion, and the Pulawy rare earths separation project in Poland, working with Grupa Azoty PULAWY, Poland's leading chemical company and the second largest manufacturer of nitrogen and compound fertilizers in the European Union. Through its 42% strategic interest in HyProMag, Mkango is also developing rare earth magnet recycling projects in the UK and Germany.

For more information, please visit www.mkango.ca
Mkango Resources share price data is direct from the London Stock Exchange

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