Mkango Resources Ltd (LSE:MKA) has announced the exercise of 1,200,000 warrants over common shares, which will be admitted to trading on AIM and TSX-V. This brings the company’s total issued share capital to 347,192,907 shares. The warrant exercise signals investor confidence and is expected to provide Mkango with greater financial flexibility as it advances its rare earth projects and recycling operations. The company believes this step will help reinforce its position in the clean energy supply chain.
More about Mkango Resources
Mkango Resources is listed on AIM and TSX-V and focuses on producing recycled rare earth magnets, alloys, and oxides. Through its interest in Maginito, the company is involved in rare earth magnet recycling across the UK, Germany, and the USA. It also holds advanced-stage rare earth projects in Malawi and Poland, which have been designated as strategic under the European Union Critical Raw Materials Act. These initiatives align with Mkango’s strategy to build a secure and sustainable supply chain for critical raw materials essential to the energy transition.
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