Mkango Resources (TSE:MKA) has released an update.
Mkango Resources Ltd. has completed a private placement, raising £1.25 million (approx. C$2.19 million) through the issuance of 25 million common shares and warrants, with proceeds aimed at expanding their rare earth magnet recycling operations in the UK and Germany. The newly issued shares will be admitted for trading on the AIM market, supporting the company’s strategy to lead in recycled rare earth magnet production for clean energy technologies. This funding initiative underscores Mkango’s commitment to drive sustainable growth in the rare earth sector.
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