Mkango Announces Results of Annual General Meeting
October 04 2022 - 9:03AM
Mkango Resources Ltd. (AIM/TSX-V: MKA) (the
"
Company" or "
Mkango") is pleased
to announce that shareholders have approved all resolutions at the
Annual General Meeting (the “
Meeting”) held in
Toronto today.
All business put forth at the Meeting was
approved by shareholders of the Company, including:
- the election of
Derek Linfield, William Dawes, Alexander Lemon, Stephen Motteram,
Susan Muir and Shaun Treacy as Directors of the Company;
- appointment of
BDO LLP as auditors of the Company and authorising the Directors to
fix their remuneration; and
- approval of the
Company’s amended stock option plan, amended Enterprise Management
Incentive (EMI) plan and amended Restricted Stock Unit (RSU) plan
in accordance with the policies of the TSX Venture Exchange, full
details of which are set out in the circular filed on SEDAR
(www.sedar.com)
About Mkango
Resources Limited
Mkango's corporate strategy is to develop new
sustainable primary and secondary sources of neodymium,
praseodymium, dysprosium and terbium to supply accelerating demand
from electric vehicles, wind turbines and other clean technologies.
This integrated Mine, Refine, Recycle strategy differentiates
Mkango from its peers, uniquely positioning the Company in the rare
earths sector.
Mkango is developing Songwe Hill in Malawi with
a Feasibility Study completed in July 2022. Malawi is known as "The
Warm Heart of Africa", a stable democracy with existing road, rail
and power infrastructure, and new infrastructure developments
underway.
In parallel, Mkango and Grupa Azoty PULAWY,
Poland's leading chemical company and the second
largest manufacturer of nitrogen and compound fertilizers in
the European Union, have agreed to work together towards
development of a rare earth Separation Plant at Pulawy in Poland
(the “Pulawy Separation Plant”). The Pulawy Separation Plant will
process the purified mixed rare earth carbonate produced at Songwe
Hill.
Through its ownership of Maginito
(www.maginito.com), Mkango is also developing green technology
opportunities in the rare earths supply chain, encompassing
neodymium (NdFeB) magnet recycling as well as innovative rare earth
alloy, magnet, and separation technologies. Maginito holds a 42%
interest in UK rare earth (NdFeB) magnet recycler, HyProMag
(www.hypromag.com) with an option to increase its interest to
49%.
Mkango also has an extensive exploration
portfolio in Malawi, including the Mchinji rutile exploration
project, the Thambani uranium-tantalum-niobium-zircon project and
Chimimbe nickel-cobalt project.
For more information, please
visit www.mkango.ca
Cautionary Note Regarding
Forward-Looking Statements
This news release contains forward-looking
statements (within the meaning of that term under applicable
securities laws) with respect to Mkango. Generally, forward looking
statements can be identified by the use of words such as “plans”,
“expects” or “is expected to”, “scheduled”, “estimates” “intends”,
“anticipates”, “believes”, or variations of such words and phrases,
or statements that certain actions, events or results “can”, “may”,
“could”, “would”, “should”, “might” or “will”, occur or be
achieved, or the negative connotations thereof. Readers are
cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans, intentions
or expectations upon which they are based will occur. By their
nature, forward-looking statements involve numerous assumptions,
known and unknown risks and uncertainties, both general and
specific, that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will
not occur, which may cause actual performance and results in future
periods to differ materially from any estimates or projections of
future performance or results expressed or implied by such
forward-looking statements. Such factors and risks include, without
limiting the foregoing, completion of the Transactions,
governmental action relating to COVID-19, COVID-19 and other market
effects on global demand and pricing for the metals and associated
downstream products for which Mkango is exploring, researching and
developing, factors relating the development of the the Pulawy
Separation Plant, including the outcome and timing of the
completion of the feasibility studies, cost overruns, complexities
in building and operating the Pulway Separation Plant, changes in
economics and government regulation, the positive results of a
feasibility study on the Pulawy Separation Plant and delays in
obtaining financing or governmental approvals for, and the impact
of environmental and other regulations relating to, Songwe and the
Pulawy Separation Plant. The forward-looking statements contained
in this news release are made as of the date of this news release.
Except as required by law, the Company disclaims any intention and
assume no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. Additionally,
the Company undertakes no obligation to comment on the expectations
of, or statements made by, third parties in respect of the matters
discussed above.
For further information on Mkango, please
contact: |
Mkango
Resources Limited |
|
|
|
William Dawes
Chief Executive
Officer
will@mkango.ca
Canada: +1 403 444
5979www.mkango.ca @MkangoResources |
Alexander
LemonPresidentalex@mkango.ca |
|
|
BlytheRayFinancial Public RelationsTim
BlytheUK: +44 207 138 3204 |
|
|
|
SP Angel Corporate Finance LLPNominated
Adviser and Joint BrokerJeff Keating, Caroline RoweUK: +44 20 3470
0470 |
|
|
|
Alternative Resource CapitalJoint BrokerAlex
Wood, Keith DowsingUK: +44 20 7186 9004/5 |
|
The TSX Venture Exchange has neither
approved nor disapproved the contents of this press release.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release does not constitute an offer
to sell or a solicitation of an offer to buy any equity or other
securities of the Company in the United States. The securities of
the Company will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and
may not be offered or sold within the United States to, or for the
account or benefit of, U.S. persons except in certain transactions
exempt from the registration requirements of the U.S. Securities
Act.
Mkango Resources (TSXV:MKA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mkango Resources (TSXV:MKA)
Historical Stock Chart
From Apr 2023 to Apr 2024