Mkango Resources Issues Shares in Compensation Plan

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

Mkango Resources Ltd. is set to issue over 1.5 million common shares to its management as part of a compensation restructuring plan, following a reduction in executive salaries and bonus schemes. The company, which sees itself as undervalued, aims to boost investor confidence by having executives reinvest their after-tax bonuses in company shares. This move aligns with Mkango’s strategy to lead in the recycled rare earths market, amid growing demand from clean energy sectors.

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