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Mkango Re
Mkango Resources Ltd.
Wed, July 22, 2026 at 11:30 AM GMT+5:30
9 min read
- MKA.V
+5.71% - MKA.L
+0.78% - MKA.NE
0.00%
CALGARY, AB /ACCESS Newswire/ July 22, 2026 /Mkango Re(TSXV:MKA) (“Mkango” or “Company”) announces that it has received an <a href="https://healthylife7.com/15th-medical-group-conducts-readiness-exercise-at-jbphh/” title=”15th Medical Group conducts readiness exercise at JBPHH”>exercise notice from a Mkango warrant holder to exercise 550,000 warrants over common shares in the Company, at a price of seven (7) pence per common share. Accordingly, the Company will issue 550,000 common shares (“Warrant Shares”) to satisfy this exercise
The Warrant Shares will rank pari passu with the Company’s existing shares and application has been made for the Warrant Shares to be admitted to trading on AIM (“Admission”). It is expected that Admission will become effective and dealings in the Warrant Shares will commence at 8:00 am on or around 27 July 2026. The Warrant Shares will also be listed for trading on the TSX-V
In accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission, its issued and outstanding share capital will consist of 387,803,618 shares. The Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
About Mkango Re
Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango’s corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited (“Maginito”), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd (“CoTec”), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.
Maginito holds a 100 per cent interest in HyProMag Limited 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, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd (“Mkango UK”), focused on long loop rare earth magnet recycling in the UK
Maginito and CoTec are also expanding HPMS recycling technology into the United States
Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Puławy rare earths separation plant in Poland. Both the Songwe and Puławy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government’s development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Puławy rare earths projects on NASDAQ via a SPAC merger under the name Mkango Rare Earths Limited (the “Proposed Business Combination”).
