Mkango Announces Management Changes and Appointment of Investor Relations Advisor
MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO ANNOUNCES MANAGEMENT CHANGES AND APPOINTMENT OF INVESTOR
RELATIONS ADVISOR
London / Vancouver: February 13, 2026 - Mkango (AIM/TSX-V: MKA) announce s the
appointment of Tim Slater to the role of Interim CFO, as Robert Sewell steps down from the
role with immediate effect.
Mr. Slater, who was interim CFO at Mkango from January 2020 to June 2022, is a Chartered
Accountant and former partner of Shaw Gibbs, a top 50 accountancy firm. He has over fiŌeen
years' experience in the mining sector, acƟng as interim CFO for a number of listed companies.
Mr. Slater will remain in post unƟl a permanent replacement for Mr Sewell is appointed.
Mr. Sewell will remain as a consultant to Mkango to assist with an orderly transi Ɵon. In
connecƟon with Mr. Sewell’s resignaƟon, 2,038,589 Restricted Share Units will vest, converƟng
to shares in the Company.
The Company is also pleased to announce the appointment of Mr. Sco Ʃ Bea ƫe as Senior
Advisor, Corporate Development.
Mr. Bea ƫe is a senior business development and finance execu Ɵve with over 25 years’
experience origina Ɵng and execu Ɵng complex cross -border transac Ɵons across mul Ɵple
sectors. He has a strong track record of structuring and delivering capital raises, strategic
partnerships, acquisiƟons and advisory mandates, leveraging long-standing relaƟonships with
banks, insƟtuƟonal investors and corporates. His network and execu Ɵon experience have
supported growth iniƟaƟves across both developed and emerging markets.
Appointment of Investor RelaƟons Advisor
Mkango has also appointed Mon ƞort Communica Ɵons Limited, an interna Ɵonal
communicaƟons consultant. Monƞort will provide strategic communica Ɵons and investor
relaƟons support to Mkango. Monƞort is a leading public rela Ɵons firm based in London,
England. Monƞort currently holds no securiƟes of Mkango, however, Monƞort may from Ɵme
to Ɵme acquire or dispose of securi Ɵes of the Company through the market, privately or
otherwise, as circumstances or market condi Ɵons warrant and in accordance w ith applicable
securiƟes laws. As considera Ɵon for the services to be provided, Mon ƞort will receive cash
compensaƟon in the amount of £5,000 per month for three months and an administraƟon fee
equal to 8% of the cash compensaƟon. The appointment of Monƞort is subject to the approval
of the TSX-V.
Derek Linfield, Chairman of Mkango commented:
“We are very pleased that Tim Slater has agreed to rejoin the Mkango team as Interim CFO.
Tim returns at a pivotal point in the Company’s history as it proceeds towards a lis Ɵng on
NASDAQ of the Company’s subsidiary, Mkango Rare Earths Limited.
The addiƟon of ScoƩ to the team will allow us to accelerate development of exisƟng and new
opportuniƟes in the sector.
We would like to thank Rob for his contribuƟon and wish him well with his future endeavours.”
For further informaƟon on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief ExecuƟve Officer
Alexander Lemon
President
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff KeaƟng, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
AlternaƟve Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
Monƞort CommunicaƟons
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: ++44 (0)20 3514 0897
mkango@monƞort.london
About Mkango Resources Ltd.
Mkango is listed on the AIM and the TSX-V. Mkango’s corporate strategy is to become a market
leader in the producƟon of recycled rare earth magnets, alloys and oxides, through its interest
in 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 accelera Ɵng 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 conver Ɵble loan) in HyProMag GmbH,
focused on short loop rare earth magnet recycling in the UK and Germany, respecƟvely, 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 HPMS recycling technology into the United States via
the 50/50 owned HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi (“Songwe”)
and the Pulawy rare earths separa Ɵon project in Poland (“Pulawy”). Both the Songwe and
Pulawy projects have been selected as Strategic Projects under the European Uni on CriƟcal
Raw Materials Act. Mkango has signed a business c ombinaƟon agreement (“Business
CombinaƟon Agreement”) with Crown PropTech Acquisi Ɵons (“CPTK”) to list the Songwe Hill
and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare
Earths Limited (“Proposed Business CombinaƟon”).
For more informaƟon, please visit www.mkango.ca
CauƟonary Note 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 posi Ɵon, results of
operaƟons, business strategy, and plans and objec Ɵves of their management te am for future
operaƟons, are forward-looking statements. Any statements that refer to projecƟons, forecasts
or other characteriza Ɵons of future events or circumstances, including any underlying
assumpƟons, are also forward -looking statements. In some c ases, you can iden Ɵfy forward-
looking statements by words such as “es Ɵmate,” “plan,” “project,” “forecast,” “intend,”
“expect,” “anƟcipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,”
“should,” “will,” “would,” “will be,” “will conƟnue,” “will likely result,” “preliminary,” or similar
expressions that predict or indicate future events or trends or that are not statements of
historical maƩers, but the absence of these words does not mean that a statement is not
forward-looking. Forward- looking statements include, without limita Ɵon, the outlook for
Mkango’s business, produc Ɵvity, plans, goals for future opera Ɵonal improvements, capital
investments, opera Ɵonal performance, future market condi Ɵons, economic performance,
developments in the capital and credit markets, expected future financial performance, capital
expenditure plans and Ɵmeline, mineral reserve and resource esƟmates, producƟon and other
operaƟng results, produc Ɵvity improvements, expected net proceeds, expected addi Ɵonal
funding, the percentage of redemp Ɵons of CPTK’s public shareholders, growth prospects and
outlook of MKAR’s or Maganito’s operaƟons, individually o r in the aggregate, including the
future lisƟng of MKAR on Nasdaq, as well as any informa Ɵon concerning possible or assumed
future results of opera Ɵons of Mkango and MKAR. Forward -looking statements also include
statements regarding the expected benefits of the Proposed Business Combina Ɵon. The
forward-looking statements are based on the current expecta Ɵons of the respec Ɵve
management teams of CPTK, Mkango and MKAR, as applicable, and are inherently subject to
uncertainƟes and changes in circumstance and their poten Ɵal effects. There can be no
assurance that future developments will be those that have been anƟcipated. These forward-
looking statements involve a number of risks, uncertain Ɵes or other assump Ɵons that may
cause actual results or performance to be materially different from those expressed or implied
by these forward-looking statements. These risks and uncertainƟes include, but are not limited
to, (i) the risk that the Proposed Business Combina Ɵon may not be completed in a Ɵmely
manner or at all, which may adversely affect the price of CPTK’s, MKAR’s or Mkango’s securiƟes,
(ii) the risk that the Proposed Business CombinaƟon may not be completed by CPTK’s business
combinaƟon deadline, or at all, and the potenƟal failure to obtain an extension of the business
combinaƟon deadline if sought by CPTK, MKAR or Mkango (iii) the failure to sa Ɵsfy the
condiƟons to the consummaƟon of the Proposed Business CombinaƟon, including the approval
of the Business CombinaƟon Agreement by Mkango ,the shareholders of CPTK, and the TSX-V,
the sa ƟsfacƟon of the minimum cash amount following redemp Ɵons 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 termina Ɵon of the Business Combina Ɵon
Agreement, (vi) the effect of the announcement or pendency of the Proposed Business
CombinaƟon on CPTK’s, Mkango’s or MKAR’s business rela Ɵonships, performance, and
business generally, (vii) the outcome of any legal proceedings that may be ins Ɵtuted against
CPTK or MKAR related to the business combina Ɵon agreement or the Proposed Business
CombinaƟon, (viii) failure to realize the an Ɵcipated benefits of the Proposed Business
CombinaƟon, (ix) the inability of MKAR to meet the lis Ɵng requirements of the Nasdaq Stock
Market, or if listed, the inability of MKAR to maintain the lisƟng of its securiƟes on the Nasdaq
Stock Market, (x) the risk that the price of MKAR securi Ɵes may be volaƟle due to a variety of
factors, including changes in the highly compeƟƟve industries in which MKAR plans to operate,
variaƟons in performance across compe Ɵtors, changes in laws, regula Ɵons, technologies,
natural disasters or health epidemics/pandemics, na Ɵonal security tensions, and macro -
economic and social environments affecƟng its business, and changes in the combined capital
structure, (xi) the inability to implement business plans, forecasts, and other expectaƟons aŌer
the comple Ɵon of the Proposed Business Combina Ɵon, iden Ɵfy and realize addi Ɵonal
opportuniƟes, and manage its growth and expanding operaƟons, (xii) the risk that Mkango may
not be able to successfully develop its assets, (xiii) the risk that Mkango will be unable to raise
addiƟonal capital to execute its business plan, which many not be available on acceptable terms
or at all, (xiv) poliƟcal and social risks of operaƟng in Malawi or Poland, (xv) operaƟonal hazards
and risks that Mkango could face, and (xvi) the risk that addiƟonal financing in connecƟon with
the Proposed Business Combina Ɵon may not be raised on favorable terms, in a sufficient
amount to sa Ɵsfy the minimum cash amount condi Ɵon to the Business Combina Ɵon
Agreement. The foregoing list is not exhaus Ɵve, and there may be addi Ɵonal 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 factors discussed in this news release
and the other risks and uncertainƟes described in CPTK’s filings with the SEC, Mkango’s filings
on SEDAR+, the risks to be described in a registraƟon statement on Form F-4, which will include
a proxy statement/prospectus, and those discussed and idenƟfied in filings made with the SEC
by CPTK and MKAR, from Ɵme to Ɵme. Mkango cauƟon you against placing undue reliance on
forward-looking statements, which reflect current beliefs and are based on informa Ɵon
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 obligaƟon to revise forward-looking statements to
reflect future events, changes in circumstances, or changes in beliefs. In the event that an y
forward-looking statement is updated, no inference should be made that CPTK, Mkango, or
MKAR will make addi Ɵonal updates with respect to that statement, related ma Ʃers, or any
other forward- looking statements. Any correc Ɵons or revisions and other imp ortant
assumpƟons 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
consummaƟon of the Proposed Business CombinaƟon, in CPTK’s or MKAR’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.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press
release. Neither the TSX Venture Exchange nor its RegulaƟon 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 consƟtute an offer to sell or a solicitaƟon of an offer to buy any
equity or other securiƟes of the Company in the United States. The securiƟes of the Company
will not be registered under the United States SecuriƟes Act of 1933, as amended (the "U.S.
SecuriƟes 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 transacƟons exempt from the registraƟon
requirements of the U.S. SecuriƟes Act.