Mkango Resources Ltd
0.125 (1.11%)
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
  0.125 1.11% 11.375 739,605 12:02:20
Bid Price Offer Price High Price Low Price Open Price
11.25 11.50 11.375 11.25 11.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.98 1.24 8.3 24
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 450 11.50 GBX

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Date Time Title Posts
31/3/202311:47MKANGO RESOURCES LTD (MKA) focused on rare earth elements (REE)2,177
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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Posted at 09/3/2023 14:30 by amelio
This news less than a month ago seems to have been forgotten by many

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.

Posted at 21/2/2023 12:26 by tutthetrader
Posted at 13/2/2023 15:16 by lewis winthorpe
You do need to read the RNS properly and don't be selective on insight.It is clear what the raise is for, and it is clear why is was actioned at 12.5p.The funds release the same value in grants for the recycle arm. The share price was circa 10p a month or so ago. If this was announced at that point it would have been praised. These deals are worked through at different timelines, they don't just agree over coffee the same morning.It's like the cotec 27p placing, that was done at a time when the share price was floating below that value, and it was seen as a great move.My view is that in the scheme of things it is small potatoes. I suspect finance packages are waiting upon the MDA that has been delayed for around 12 months. The timing of the raise is to allow grant access, simply.Mka run a tight financial ship, always have.
Posted at 01/2/2023 19:49 by loafofbread
I thought I would bring this across from Lse GLR1990.

Whoever sold, I don't think read the RNS correctly and maybe though we had given up a stake in the entire group, it was certainly a bid smashing event that felt more like panic than logic or reason

For everyone who digested the RNS (I got it wrong at first, thought we had another £2m coming in at 27p) it is fantastic news

£452,500 invested at 27p, yes 27p
The above investment in MKA can be converted into Maginito Shares, which would increase Cotects holding to 20.05% of Maginito
If so, Cotec will be allowed two people on the board (JT would be nice and likely himself - recently called HyProMag a potential billion dollar investment)

So in short, that would be ~£3.5m for a 20.05% stake in HyProMag with two new board members from Cotec and a reshuffle of the subsidiaries over on the recycling side to include Maginito right at the top with MKA RE UK under that
£3.5m for 20% so the recycling group alone now has a valuation of ~£17.5m

Which leaves Songwe all alone on the other side, under Lancaster Exploration, of which we own alongside Talaxis, being left at this market cap, a very undervalued £15-17m if you minus Thambani licenses et al

Cheap as chips!

Cotec and Mkango will also work on a strategic US collaboration agreement in the RE sector, interesting!

NT funding sorted, MDA next please!

Posted at 26/1/2023 13:56 by lewis winthorpe

I hold both, but your figures are off, and misleading.

TREO MKA - 6k (DFS) Pensana - 12k (FEED)
Capex MKA (mine) - $277mill (DFS) Pensana (Mine) - $300mill (FEED)

The DFS also states that efficiencies can be made as it moves to delivery.

The MCAP is key (too low) and also MKA are well ahead on the recycle front with Hypromag and also have US interest. Central European processing plant is arguably an advantage over Hull.

Just my view also, better management team on this one, but PA may prove me wrong, clock is ticking on finance.

Posted at 26/1/2023 07:50 by loafofbread
Fantastic new.

Don't forget the multi $B mine has almost zero value in todays share price.

Interesting to see if the seller finally puts a sock in it!

Posted at 19/1/2023 19:16 by loafofbread
Mkango Resources #MKA
Securing Critical #RareEarth magnets for the UK supply chain “SCREAM” website live with #MKA #HyProMag






hxxps:// #RareEarths

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 below 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 24/11/2022 15:50 by parker2102
I hope you're right Lewis, and I agree, it is beginning to look positive again.
However, I'd love to see the share price move another 20% and preferably to 20 or so (I admit, who wouldn't) on serious volume.
I'm afraid we MUST see more solid fundamental news (MDA, funding, etc.) as in the markets we are in right now, stocks in general -and certainly small caps- will not move higher unless there a good fundamental background to justify this. For the foreseeable future we should not rely on a favourable outlook for interest rates to lift the market, and momentum you may forget as well.
But I'm still confident that MKA will not disappoint us, LTH's.


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

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