Mkango Resources Ltd (LSE:MKA) has reported its financial and operational results for the second quarter of 2025, ending the period with $1.2 million in cash. The company emphasized steady progress across its rare earth magnet recycling and manufacturing initiatives, particularly in Germany and the United States. Key developments include discussions around a potential $92 million financing package to support the construction of a Texas facility, as well as a strategic business combination designed to establish a global rare earth platform. Together, these efforts are expected to strengthen Mkango’s competitive position and underpin its long-term growth strategy, which also encompasses advanced-stage projects in Malawi and Poland.
About Mkango Resources
Mkango Resources Ltd, listed on both AIM and the TSX-V, is focused on the production of recycled rare earth magnets, oxides, and alloys. The company is advancing its interests through Maginito, which specializes in short loop recycling operations in the UK and Germany and long loop recycling in the UK. Beyond recycling, Mkango owns two major projects: the Songwe Hill rare earths project in Malawi and the Pulawy separation project in Poland—both designated as Strategic Projects under the European Union’s Critical Raw Materials Act.
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