Mkango Resources (TSE:MKA) has released an update.
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Mkango Resources has announced its Q3 2024 results, highlighting significant progress in its rare earth magnet recycling projects in the UK, Germany, and the US. The company reported a cash position of $2 million and noted advancements towards commercial production, with first revenues expected in 2027 from its Texas project. Additionally, Mkango is exploring strategic opportunities for its advanced projects in Malawi and Poland, aiming to capitalize on the growing demand for rare earth materials.
For further insights into TSE:MKA stock, check out TipRanks’ Stock Analysis page.
