Mkango Resources Closes Private Placement Successfully

Mkango Resources (TSE:MKA) has released an update.

Mkango Resources has successfully closed a private placement, issuing over 1.5 million common shares at 6 pence each, raising significant funds for the company. The shares were allocated among key management figures, with the move expected to bolster Mkango’s efforts in the rare earths market, including recycling initiatives and exploration projects. These shares will begin trading on AIM, enhancing Mkango’s financial standing and market visibility.

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