Mkango Announces Results of Annual General Meeting
Mkango Announces Results of Annual General Meeting
LONDON and VANCOUVER, British Columbia, Oct. 04, 2022 -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the " Company"
or "Mkango") is pleased to announce that shareholders have approved all resolutions at the Annual General Meeting (the
“Meeting ”) held in Toronto today.
All business put forth at the Meeting was approved by shareholders of the Company, including:
• the election of Derek Linfield, William Dawes, Alexander Lemon, Stephen Motteram, Susan Muir and Shaun Treacy as
Directors of the Company;
• appointment of BDO LLP as auditors of the Company and authorising the Directors to fix their remuneration; and
• approval of the Company’s amended stock option plan, amended Enterprise Management Incentive (EMI) plan and
amended Restricted Stock Unit (RSU) plan in accordance with the policies of the TSX Venture Exchange, full details of
which are set out in the circular filed on SEDAR (www.sedar.com)
About Mkango Resources Limited
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 developing Songwe Hill in Malawi with a Feasibility Study completed in July 2022. Malawi is known as "The Warm
Heart of Africa", a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments
underway.
In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading chemical company and the second largest manufacturer of
nitrogen and compound fertilizers in the European Union, have agreed to work together towards development of a rare earth
Separation Plant at Pulawy in Poland (the “Pulawy Separation Plant”). The Pulawy Separation Plant will process the purified
mixed rare earth carbonate produced at Songwe Hill.
Through its ownership of Maginito ( www.maginito.com), Mkango is also 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 42% interest in UK rare earth (NdFeB) magnet recycler, HyProMag
(www.hypromag.com) with an option to increase its interest to 49%.
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
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements (within the meaning 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 of such words and phrases, 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 the plans, intentions or expectations upon which they are based will occur. By
their nature, forward-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 performance or results expressed or implied by such forward-looking statements. Such
factors and risks include, without limiting the foregoing, completion of the Transactions, governmental action relating to COVID
-19, COVID-19 and other market effects on global demand and pricing for the metals and associated downstream products for
which Mkango is exploring, researching and developing, factors relating the development of the the Pulawy Separation Plant,
including the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and
operating the Pulway Separation Plant, changes in economics and government regulation, the positive results of a feasibility
study on the Pulawy Separation Plant and delays in obtaining financing or governmental approvals for, and the impact of
environmental and other regulations relating to, Songwe and the Pulawy Separation Plant. 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 intention and assume no obligation to update or revise any forward-looking statements, whether as a result 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
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
Alexander Lemon
President
BlytheRay
Financial Public Relations
Tim Blythe
UK: +44 207 138 3204
SP Angel Corporate
Finance LLP
Nominated Adviser and Joint
Broker
Jeff Keating, Caroline Rowe
UK: +44 20 3470 0470
Alternative Resource
Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5
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 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.