(Including Its Territories and Possessions, Any State of the United States
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA AND THE UNITED KINGDOM
ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES
OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
Mkango Resources Ltd. Announces that an Investor Presentation by Mkango Rare Earths Limited has been
furnished to the SEC in Connection with Proposed Business Combination
Key Highlights
• Mkango Rare Earths Limited has furnished a n investor presentation to the U.S. Securities and Exchange
Commission in connection with the previously announced proposed business combination with Crown
PropTech Acquisitions.
LONDON / VANCOUVER: 10 June 2026 – Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango”) is pleased
to announce that, on 10 June 2026, its wholly -owned subsidiary, Mkango Rare Earths Limited (formerly Lancaster
Exploration Limited), a British Virgin Islands company (“MKAR”), furnished an investor presentation (the “Investor
Presentation”) to the U.S. Securities and Exchange Commission (the “SEC”) in connection with the previously
disclosed proposed business combination (the “Proposed Business Combination”) contemplated by the business
combination agreement, dated 2 July 2025 (as amended, the “Business Combination Agreement”), among MKAR,
certain other wholly-owned direct and indirect subsidiaries of Mkango, and Crown PropTech Acquisitions, a Cayman
Islands exempted company (OTC: CPTKW) (“CPTK”). The Investor Presentation may be used by MKAR and CPTK
to conduct meetings with members of the investment communi ty as MKAR and CPTK are contemplating a private
capital raise through the issuance of equity, equity -linked, convertible and/or debt securities in one more private
placement transactions in connection with the Proposed Business Combination. The Investor Presentation was
included as an exhibit to a Current Report on Form 8-K filed by CPTK, and in a filing under Rule 425 of the Securities
Act of 1933, as amended, by MKAR.
The Investor Presentation is available on EDGAR on the following hyperlink:
https://www.sec.gov/Archives/edgar/data/1827899/000121390026067057/ea029425601ex99-1.htm.
The Investor Presentation will be made available on the SEDAR+ profile of Mkango at www.sedarplus.ca and on
Mkango’s website at www.mkango.ca later today.
The Investor Presentation has not been reviewed or approved by any regulatory authority in Canada or the United
Kingdom, including any securities commission in Canada, the TSX Venture Exchange, the London Stock Exchange
and the Financial Conduct Authority in the United Kingdom. Th e TSX Venture Exchange has neither approved nor
disapproved the contents of the Investor Presentation. 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. The content of the Investor Presentation has not been approved by an authorised person
within the meaning of the United Kingdom Financial Services and Markets Act 2000.
No offer of MKAR securities to the public is being made in Canada or the United Kingdom. The Investor Presentation
does not constitute a prospectus for the purposes of the UK Public Offers and Admissions to Trading Regulations
2024 or under any Canadian securities laws.
The Investor Presentation discloses technical and scientific information excerpted from a technical report summary
that was filed as an exhibit to a registration statement on Form F -4 with the SEC on 20 May 2026, which technical
report summary was updated in an exhibit to an amendment to the registration statement filed with the SEC on 8 June
2026, with respect to the Proposed Business Combination. Such technical and scientific information has been prepared
in compliance with applicable requirements in Subp art 1300 of Regulation S -K under U.S. securities laws, which
requirements are different from the requirements of National Instrument 43-101- Standards of Disclosure for Mineral
Projects (“NI 43-101”) under Canadian securities laws. Canadian readers are encouraged to review the Updated
Technical Report of the Songwe Hill Rare Earth Element Project in Malawi, which was prepared in compliance with
NI 43-101 and filed by Mkango on 30 April 2026, which can be located on the SEDAR+ profile of Mkango on
www.sedarplus.ca.
About Mkango Resources Ltd.
Mkango is listed on AIM and the TSX-V. 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 Corp (“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 (“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, 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 rolling out HyProMag’s recycling technology into the United States via the 50/50
owned HyProMag USA LLC joint venture company.
Additionally, Mkango, through its 100 per cent interest in MKAR, owns the advanced stage Songwe Hill project, a
rare earths, uranium, tantalum and niobium exploration portfolio in Malawi, as well as the Pulawy separation project
in Pulawy, Poland. Both the Songwe Hill and Pulawy projects have been selected as Strategic Projects under the
European Union Critical Raw Materials Act.
Pulawy, located in a Special Economic Zone in Poland, stands adjacent to the EU’s second largest manufacturer of
nitrogen fertilisers, and features established infrastructure, access to reagents and utilities on site.
For more information, please visit www.mkango.ca.
Market Abuse Regulation (MAR) Disclosure
The information contained within this news release is deemed by Mkango 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) Ac t 2018. Upon the publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the public domain.
Cautionary Statement Regarding Forward-Looking Statements
All statements other than statements of historical facts contained in this news release, including statements regarding
MKAR’s and Mkango’s future financial position, results of operations, business strategy, and plans and objectives of
their management team for future operations, are forward-looking statements. Any statements that refer to projections,
forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also
forward-looking statements. In some cases, you can identify forward-looking statements by words such as “estimate,”
“plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,”
“may,” “target,” “should,” “will,” “would,” “will be,” “ will continue,” “will likely result,” “preliminary,” or similar
expressions that predict or indicate future events or trends or that are not statements of historical matters, but the
absence of these words does not mean that a statement is not forward -looking. Forward-looking statements include,
without limitation, CPTK, Mkango, MKAR or their respective management teams’ expectations concerning the ability
of MKAR to utilize certain projection development financing from the U.S. Development Finance Corporat ion (the
“DFC”) to advance its activities, the provision of additional funding by the DFC, the outlook for Mkango’s or
MKAR’s business, productivity, plans, goals for future operational improvements, capital investments, operational
performance, future mar ket conditions, economic performance, developments in the capital and credit markets,
expected future financial performance, capital expenditure plans and timeline, mineral reserve and resource estimates,
production and other operating results, productivit y improvements, expected net proceeds, expected additional
funding, the anticipated use of the investor presentation by SPAC and MKAR, potential financing activities by SPAC
and MKAR, including any contemplated private placement transaction, potential non -deal roadshows, and possible
PubCo financing discussions, the percentage of redemptions of CPTK’s public shareholders, growth prospects and
outlook of MKAR’s operations, individually or in the aggregate, including the achievement of project milestones,
commencement and completion of commercial operations of certain of MKAR’s projects, future listing of MKAR on
Nasdaq, as well as any information concerning possible or assumed future results of operations of Mkango and
MKAR. Forward-looking statements also include statements regarding the expected benefits of the Proposed Business
Combination and the proposed private placement transactions . The forward -looking statements are based on the
current expectations of the management teams of Mkango, MKAR, and CPTK and are inherently subject to
uncertainties and changes in circumstance and their potential effects. There can be no assurance that fut ure
developments will be those that have been anticipated. These forward -looking statements involve a number of risks,
uncertainties or other assumptions that may cause actual results or performance to be materially different from those
expressed or implied by these forward -looking statements. These risks and uncertainties include, but are not limited
to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may
adversely affect the price of CPTK’s, MKAR’s or Mkango’s securities, (ii) the risk that the Proposed Business
Combination may not be completed by CPTK’s business co mbination deadline, or at all, and the potential failure to
obtain an extension of the business combination deadline if sought by CPTK, MKAR or Mkango (iii) the failure to
satisfy the conditions to the consummation of the Proposed Business Combination, inc luding the approval of the
Business Combination Agreement by Mkango, the shareholders of CPTK, and the TSX -V, the satisfaction of the
minimum cash amount following redemptions by CPTK’s public shareholders and the receipt of certain governmental
and regulatory approvals, (iv) market risks, including the price of rare earth materials, (v) the occurrence of any event,
change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the
effect of the announcement or pendency of the Proposed Business Combination on CPTK’s, Mkango’s or MKAR’s
business relationships, performance, and business generally, (vii) the outcome of any legal proceedings that may be
instituted against CPTK or MKAR related to the business comb ination agreement or the Proposed Business
Combination, (viii) failure to realize the anticipated benefits of the Proposed Business Combination, (ix) the inability
of MKAR to meet the listing requirements of the Nasdaq Stock Market, or if listed, the inability of MKAR to maintain
the listing of its securities on the Nasdaq Stock Market, (x) the risk that the price of MKAR securities may be volatile
due to a variety of factors, including changes in the highly competitive industries in which MKAR plans to ope rate,
variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health
epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business,
and changes in t he combined capital structure, (xi) the inability to implement business plans, forecasts, and other
expectations after the completion of the Proposed Business Combination, identify and realize additional opportunities,
and manage its growth and expanding o perations, (xii) the risk that MKAR may not be able to successfully develop
its assets, (xiii) the risk that MKAR will be unable to raise additional capital to execute its business plan, which many
not be available on acceptable terms or at all, (xiv) the potential for geopolitical instability in Europe, the political and
social risks of operating in Malawi or Poland, and geopolitical impacts on markets and tariffs, (xv) operational hazards
and risks that MKAR could face, and (xvi) the risk that additional financing in connection with the Proposed Business
Combination may not be raised on favorable terms, in a sufficient amount to satisfy the minimum cash amount
condition to the Business Combination Agreement. The foregoing list is not exhaustive, and there may be additional
risks that CPTK, Mkango, or MKAR presently do not know or that they currently believe are immaterial. You should
carefully consider the foregoing factors, any other factor s discussed in this news release and the other risks and
uncertainties described in CPTK’s or MKAR’s filings with the SEC from time to time, Mkango’s filings on SEDAR+,
and the risks described in the Form F -4, which include a proxy statement/prospectus. Mk ango and MKAR caution
you against placing undue reliance on forward -looking statements, which reflect current beliefs and are based on
information currently available as of the date a forward -looking statement is made. Forward -looking statements set
forth in this news release speak only as of the date of this news release. None of CPTK, Mkango, or MKAR undertakes
any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in
beliefs. In the event that any forward-looking statement is updated, no inference should be made that CPTK, Mkango,
or MKAR will make additional updates with respect to that statement, related matters, or any other forward -looking
statements. Any corrections or revisions and other im portant assumptions and factors that could cause actual results
to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up
to the consummation of the Proposed Business Combination, in CPTK’s or M KAR’s public filings with the SEC,
which are or will be (as appropriate) accessible at www.sec.gov, or Mkango’s public filings on SEDAR+, which you
are advised to review carefully.
Important Information for Investors and Shareholders
In connection with the Proposed Business Combination, MKAR and CPTK have filed the Form F -4 with the SEC,
which includes a preliminary proxy statement of CPTK and a preliminary prospectus of MKAR with respect to the
securities to be offered in the Proposed Business Combination, and which has also been filed under Mkango’s profile
on SEDAR+. If the Form F -4 is declared effective by the SEC, the proxy statement/prospectus will be mailed to
CPTK’s shareholders. Mkango shareholders and other interested persons should read the proxy statement/prospectus,
as well as other documents filed with the SEC and on SEDAR+, because these documents contain important
information about the Proposed Business Combination. The proxy statement statement/prospectus can be obtained ,
without charge, on SEDAR+ at www.sedarplus.ca/landingpage and on the SEC’s web site at www.sec.gov.
Participants in the Solicitation
MKAR and CPTK and their respective directors, executive officers and other members of their management and
employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of CPTK’s shareholders
in connection with the Proposed Business Combin ation. Investors and security holders may obtain more detailed
information regarding the names, affiliations and interests of CPTK’s directors and officers in CPTK’s SEC filings.
Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to
CPTK’s shareholders in connection with the Proposed Business Combination will be set forth in the proxy
statement/prospectus for the Proposed Business Combination when available. Information concerning the interests of
MKAR’s and CPTK’s participants in the solicitation, which may, in some cases, be different than those of their
respective equityholders generally, will be set forth in the proxy statement/prospectus relating to the Proposed
Business Combination when it becomes available.
No Offer or Solicitation
This news release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities
or in respect of the Proposed Business Combination. This news release shall also not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in
which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws
of any such jurisdicti on. No offering of securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
For further information on Mkango, please contact:
Mkango Resources Limited
Alexander Lemon William Dawes
President Chief Executive Officer
[email protected] [email protected]
UK: +44 20 7372 2744
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, Keith Dowsing
UK: +44 20 7186 9004/5
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
Cohen Capital
Strategic and Financial Adviser
Brandon Sun
USA: +1 929 432 1254
Welsbach Corporate Solutions LLC-FZ
Supply Chain Advisor and Financial and Capital Markets Advisor
Daniel Mamadou SG:
+65 6879 7107
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 shall not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to
purchase, any securities in any jurisdiction, or the solicitation of any vote, consent or approval in any jurisdiction in
connection with or with respect to the Proposed Business Combination, nor shall there be any sale, issuance or
transfer of any securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be
unlawful under the laws of such jurisdiction. This press release does not constitute either advice or a
recommendation regarding any securities. No offering of securities shall be made except by means of a prospectus
meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.