Mkango Resources (TSE:MKA) has released an update.
Mkango Resources Ltd., a player in the strategic rare earth sector, has successfully raised £1.25 million from existing shareholders and secured additional funding from EIT RawMaterials to advance its rare earth projects in Malawi and Poland. The proceeds will be used for commercial development of rare earth magnet recycling and to optimize the Songwe Hill project’s process. The company’s efforts highlight the importance of securing rare earth supply chains in Europe and align with ongoing strategic reviews and discussions with potential investors.
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