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Mkango Resources Limited
18 October 2023
MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
UPDATED CORPORATE PRESENTATION
London / Vancouver: October 18, 2023 - Mkango Resources Ltd.
(AIM/TSX-V: MKA) ("Mkango") is pleased to announce that, following
the acquisition of HyProMag Ltd, the corporate presentation has
been updated in line with Mkango's vision and strategy of
sustainably sourcing rare earths for the green transition. The
updated presentation is now available on the Company's website
www.mkango.ca .
Mkango Resources also announces that it will be attending the
19th International Rare Earths Conference in San Antonio, U.S.,
hosted by Metal Events, from October 18-20, 2023.
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.ca alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Kasia Brzozowska
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5
Tavistock Communications
PR/IR Adviser
Jos Simson, Cath Drummond, Adam Baynes
UK: +44 (0) 20 7920 3150
mkango@tavistock.co.uk
About Mkango Resources Ltd.
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 listed on the AIM and the TSX-V.
Mkango is developing its Songwe Hill rare earths project
("Songwe") in Malawi with a Definitive Feasibility Study completed
in July 2022 and an Environmental, Social and Health Impact
Assessment approved by the Government of Malawi in January
2023.
In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading
chemical producer have agreed to work together towards development
of a rare earth separation plant at Pulawy in Poland (the "Pulawy
Separation Plant") to process the purified mixed rare earth
carbonate produced at Songwe.
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
About HyProMag
HyProMag Ltd is commercialising rare earth magnet recycling
using Hydrogen Processing of Magnet Scrap (HPMS) technology, which
can liberate and recycle magnets from end-of-life scrap.
HPMS technology was developed at the University of Birmingham,
underpinned by approximately US$100 million of research and
development funding, and has major competitive advantages versus
other rare earth magnet recycling technologies, which are largely
focused on chemical processes but do not solve the challenges of
liberating magnets from end-of-life scrap streams - HPMS provides
the solution. HyProMag's company presentation can be viewed via the
following link: HyProMag Corporate Presentation
Having commissioned the UK's first rare earth magnet recycling
pilot plant at the University of Birmingham in 2022, alongside the
UK's only facility to make sintered rare earth magnets, HyProMag,
together with the University of Birmingham, are developing a
large-scale recycling plant at Tyseley Energy Park, Birmingham,
with first production by the end of this year and supported with
funding from UK Research and Innovation. Investment from Mkango
Resources in 2020 helped scale-up and catalyse international growth
initiatives, including in Germany, where HyProMag has established a
sister company, HyProMag GmbH, and in the U.S. through a new
Maginito-CoTec 50:50 joint venture company, with evaluation of
other jurisdictions underway. Maginito (79.4% Mkango; 20.6% CoTec)
acquired HyProMag in 2023.
About Maginito
Maginito is a UK based Company owned 79.4 per cent by Mkango and
20.6 per cent by CoTec. It is focused on 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 100 per cent interest in HyProMag and a 90 per
cent direct and indirect interest (assuming conversion of
Maginito's convertible loan) in HyProMag GmbH, focused on short
loop rare earth magnet recycling in the UK and Germany, and a 100
per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), a
company focused on long loop rare earth magnet recycling in the UK
via a chemical route.
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