Mkango Resources (TSE:MKA) has released an update.
Mkango Resources Ltd. recently disclosed their Q2 2024 financials, revealing a post-tax loss of $659,320, an improvement from the previous year’s $1,085,092 loss. The company, focusing on becoming a leader in recycled rare earth magnets, has secured significant financing including £1.25 million for expanding its magnet recycling operations and advancing projects in the UK, Germany, and USA. The company’s strategic advancements include commissioning a pilot plant in the UK, signing MoUs for collaborations in Japan and the UK, and securing grants for their projects in Malawi and Germany.
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