Mkango Resources (TSE:MKA) has released an update.
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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.
For further insights into TSE:MKA stock, check out TipRanks’ Stock Analysis page.
