Mkango Resources Inks Major Deal with Malawi

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

Mkango Resources Ltd. has signed a landmark Mining Development Agreement with the Malawi Government for the Songwe Hill Rare Earths Project, which is expected to boost Malawi’s economy and catalyze an industrial revolution with significant employment and infrastructure development. The agreement includes a 5% royalty, 30% corporate tax rate, and a 10% non-diluting equity interest for the Malawi Government, among other fiscal terms. Mkango’s broader strategy is to lead in recycled rare earth magnets and sustainable sourcing for clean energy technologies.

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