Mkango Resources Ltd. (LSE:MKA) has successfully raised £3 million to advance its rare earth magnet recycling and production initiatives in the UK and Germany. The new capital will help the company ramp up its recycling operations, drive manufacturing growth, and evaluate additional opportunities, including a possible Nasdaq listing tied to its projects in Malawi and Poland. The raise underscores strong investor backing and reinforces Mkango’s goal of building a vertically integrated global rare earths business at a time of favorable market momentum.
About Mkango Resources
Mkango Resources Ltd., listed on both AIM and the TSX-V, is positioning itself as a leader in the recycling and production of rare earth magnets, alloys, and oxides. Through its stake in Maginito Limited, the company is actively expanding rare earth magnet recycling capacity in the UK and Germany. It is also engaged in developing sustainable supplies of critical rare earth elements—including neodymium, praseodymium, dysprosium, and terbium—that are vital to the fast-growing electric vehicle and renewable energy industries. Beyond recycling, Mkango owns the Songwe Hill rare earths project in Malawi and the Pulawy separation project in Poland, both of which have been classified as Strategic Projects under the European Union’s Critical Raw Materials Act.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply