Mkango Resources Ltd. (LSE:MKA) has completed a private placement valued at £3 million (around C$5.6 million) through the sale of 10 million common shares. The new capital will finance the company’s recycling development initiatives in Germany and the United Kingdom, while also covering general corporate expenses. The shares have been approved for trading on AIM and remain subject to a statutory hold period in Canada.
This financing round marks another step in Mkango’s broader strategy to strengthen its rare earth recycling operations and reinforce its role in the transition to clean energy technologies.
About Mkango Resources
Mkango Resources Ltd., dual-listed on the AIM and TSX Venture Exchange, specializes in producing recycled rare earth magnets, alloys, and oxides. The company focuses on creating sustainable supply chains for critical elements such as neodymium, praseodymium, dysprosium, and terbium—key materials for electric vehicles, wind turbines, and other green technologies.
Mkango also holds a major interest in Maginito Limited, which leads rare earth magnet recycling operations across the UK, Germany, and the US. In addition, the company manages rare earth exploration and development projects in Malawi and Poland, supporting its long-term vision of circular and responsible resource production.
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