Exercise of Options
MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
Exercise of Options
LONDON / VANCOUVER: 17 June 2026 – Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango” or
“Company”) announces that it has issued 143,335 common shares (“Common Shares”) following the
exercise of options by consultants of the Company. The 143,334 options had an exercise price of
C$0.06 per option, for aggregate proceeds of C$8600.04.
Application has been made for the 143,334 Common Shares, which rank pari passu with the existing
Common Shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission
will become effective and dealings will occur at 8:00am UK time on or around June 22, 2026. The
Common Shares issued on exercise of the options will also be listed on the TSX Venture Exchange.
Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the
Company will have 387,253,618 Common Shares in issue. 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 issued share capital of the Company.
About Mkango Resources Ltd.
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 ra re 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 HyProM ag 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 via a chemical route.
Maginito and CoTec are also expanding HPMS recy cling technology into the United States via the
50/50 owned HyProMag USA joint venture company.
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 Pu ławy 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 Pu ławy rare earths projects
on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.
For more information, please visit www.mkango.ca.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication
of this announcement via Regulatory Information Service, this inside information is now considered
to be in the public domain.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking sta tements (within the meanin g 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 o f s u c h w o r d s a n d p h r a s es, 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 th e plans, intentions or
expectations upon which they are based will occu r. By their nature, forw ard-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 performa nce or results
expressed or implied by such forward-looking statements. Such factors and risks include, without
limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, the
recycling plants being developed by Maginito in the UK, Germany and the US, governmental action
and other market effects on global demand and pricing for the metals and associated downstream
products for which Mkango is exploring, researching and developing, geological, technical and
regulatory matters relating to th e development of Songwe Hill, th e ability to scale the HPMS and
chemical recycling technologies to commercial scale, competitors having greater financial capability
and effective competing technologies in the recycling and separation business of Maginito and
Mkango, availability of scrap supplies for Maginito’s recycling activities, government regulation
(including the impact of environmental and other regulations) on and the economics in relation to
recycling and the development of the Maginito recy cling plants and Pulawy, and future investments
in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec,
cost overruns, complexities in building and operating the plants, and the positive results of feasibility
studies on the various proposed aspects of Mkango ’s and Maginito’s activities. 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 intentio n and assume no obligation to update or revise
any forward-looking statements, whether because 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
Alexander Lemon
President
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood
UK: +44 20 4530 9160/9177
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
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 respon sibility 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.