Mkango Releases Q1 2025 Results
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M K A N G O R E S O U R C E S L T D .
550 Burrard Street
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MKANGO RELEASES Q1 2025 RESULTS
London / Vancouver: 30 May 2025 - Mkango Resources Ltd (AIM / TSX-V: MKA) (the “Company” or “Mkango”),
is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis
for the 3-month period ending 31 March 2025. The repo rts are available under the Company's profile on
SEDARplus (www.sedarplus.com) and on the Company's website (https://mkango.ca/investors/financials/).
About Mkango Resources Ltd.
Mkango is listed on AIM and the TSX-V. Mkango’s corpor ate 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, and to develop new
sustainable sources of neodymium, praseodymium, dysp rosium 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 and a 90 per cent direct and i ndirect 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 tec hnology 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 and an extensive rare earths, uranium,
tantalum, niobium, rutile, nickel and cobalt explorat ion portfolio in Malawi, and the Pulawy rare earths
separation project in Poland.
Songwe Hill is one of the few rare earths projects to have progressed to the Definitive Feasibility Stage, with an
expected life of mine of 18 years, producing a 55% mixed rare earth carbonate, yielding 1,953 tons per annum
of NdPr and 56 tons per annum of DyTb.
Mkango’s proposed Pulawy separation facility site, 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.
Mkango has signed a letter of Intent with Crown PropTech Acquisitions to list Mkango's Songwe Hill and Pulawy
Rare Earths Projects on NASDAQ via a SPAC Merger.
For more information, please visit www.mkango.ca
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Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside
information as stipulated under th e 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 statements (within the meaning of that term under applicable
securities laws) with respect to Mkango. Generally, forwar d looking statements can be identified by the use of
words such as “targeted”, “plans”, “expects” or “is expected to”, “scheduled”, “estim ates” “intends”,
“anticipates”, “believes”, or variations of such words and phrases, or statemen ts that certain actions, events or
results “can”, “may”, “could”, “wou ld”, “should”, “might” or “will”, occur or be achieved, or the negative
connotations thereof. Readers are cautioned not to pl ace 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, know n 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 mate rially from any estimates or projecti ons of future performance or results
expressed or implied by such forward-looking statements . Such factors and risks in clude, without limiting 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 sepa ration plant in Poland, governmental action and other
market effects on global demand and pricing for the metals and associated down stream products for which
Mkango is exploring, researching and developing, geolog ical, technical and regulator y matters relating to the
development of Songwe Hill, the ability to scale the HPMS and chemical recycling te chnologies to commercial
scale, competitors having greater financial capability an d effective competing technologies in the recycling and
separation business of Maginito and Mkango, availability of scrap supplies for recycling activities, government
regulation (including the impact of environmental and othe r 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 co operation agreement between Maginito and CoTec, the
outcome and timing of the completion of the feasibility studies, 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 intention and assume no obligation
to update or revise any forward-looking statements, whet her 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 Alexander Lemon
Chief Executive Officer President
[email protected] [email protected]
Canada: +1 403 444 5979
www.mkango.com
@MkangoResources
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SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
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 Unit ed 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.