Mkango Announces Results of Annual General Meeting
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MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
London / Vancouver: June 5, 2026 – Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango) announces that at its
Annual General Meeting (“AGM”) was held today and all resolutions were duly passed.
AGM Results
All business put forth at the Meeting was approved by shareholders of the Company, including:
- the election of Derek Linfield, William Dawes, Alexander Lemon, Philipa Varris, Susan Muir and Shaun
Treacy as Directors of the Company;
- appointment of MNP LLP as auditors of the Company and authorising the Directors to fix their
remuneration;
- approval of the amended and restated Stock Option Plan, amending the expiration date of options beyond
ten years;
- approval of the extension of the expiry date of certain options granted under the Stock Option Plan;
- approval of the amended and restated RSU Plan, increasing the number of Common Shares reserved for
issuance under the RSU Plan;
- approval of the amended and restated EMI Plan;
- approval of a waiver of review by the TSXV relating to the Corporation’s wholly -owned subsidiary Mkango
Rare Earths Limited.
About Mkango Resources Ltd.
Mkango is listed on the AIM and the TSXV. 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, which is owned 79.4
per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable source s 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, respec tively, 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.
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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 separation project in Poland (“Pulawy”). Both the Songwe and Pulawy projects have been selected as
Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination
agreement (“Business Combination Agreement”) with Crown PropTech Acquisitions (“CPTK”) to list the Songwe Hill
and Pulawy 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 (Withdrawa l) 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 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
“targeted”, “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 li miting the foregoing, the availability of (or delays in obtaining) financing to
develop Songwe Hill, and the various recycling plants in the UK, Germany and the US as well as the separation plant
in Poland, governmental action and other market effects on g lobal 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 the development of Songwe Hill, the various recycling plants in the UK, Germany
and the US as well as the separation plant in Poland, the ability to scale the HPMS and chemical recycling
technologies to commercial scale, competitors having greater financial capability and effective competing
technologies in the recyclin g and separation business of Maginito and Mkango, availability of scrap supplies for
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 various recycling and separation plants of
Mkango and Maginito and future investments in the United States pursuant to the cooperation agreement between
Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost o verruns,
complexities in building and operating the plants, and the positive results of feasibility studies on the various
proposed aspects of Mkango’s, Maginito’s and CoTec’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
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 a s 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.
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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.
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes Alexander Lemon
Chief Executive Officer President
[email protected] [email protected]
Canada: +1 403 444 5979
www.mkango.com
@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 (020) 4530 9160/9177
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
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