Mkango Releases Q1 2026 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
Suite 2900
V a n c o u v e r
B C V 6 C 0 A 3
C a n a d a
MKANGO RELEASES Q1 2026 RESULTS
London / Vancouver: 1 June 2026 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 2026. 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 the AIM and the TSX-V Stock Exchanges. 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 Ltd
(“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 Limi ted 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 expanding HPMS recycling technology into the United States via the 50/50 owned
HyProMag USA joint venture company.
Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed
Puławy rare earths separation plant in Poland. Both the Songwe and Pu ławy projects have been selected as
Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development
Funding from the U.S. International Development Fi nance Corporation (DFC), the U.S. Government’s
development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and
Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe
Hill and Puławy 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 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 (Withdrawal) Act 2018. Upon th e publication of this anno uncement via Regulatory
Information Service, this inside information is now considered to be in the public domain.
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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 “plans”, “expects” or “is expected to”, “scheduled”, “est imates” “intends”, “anticipates”,
“believes”, or variations of such words and phrases, or st atements that certain actions, events or results “can”,
“may”, “could”, “would”, “should”, “might” or “will”, occur or be achieved, or the negative connotations thereof
including statements regarding Mkango’s corporate strategy. Readers are cautioned not to place undue reliance
on forward-looking statements, as there can be no assu rance 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 pe riods 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, the availa bility of (or delays in obtaining) fi nancing to develop Songwe Hill and
the proposed Pulawy separation plant in Poland, the ab ility to secure and maintain valid mining rights, permits
and licenses in respect of Songwe Hill and Pulawy, the ability to obtain feedstock for Pulawy from sources other
than Songwe Hill, changes to cost of production from what is assumed, unrecognized environmental risks,
unanticipated reclamation expenses, unexpected variations in throughput, grade or recovery rates, failure of
plan, equipment or processes to operate as anticipated, changes to assumptions as to the availability of electrical
power and the power rates used in th e operating cost estimates and financial analysis, ability to maintain the
social licence to operate, accidents, labour disputes an d other risks of the industry, changes to interest rates,
changes to tax rates, ability to secure offtake and su pply agreements with the government of Poland, the
potential for the owner of the land on which the proposed Pulawy plant its to be build terminating thee lease,
the ability of Polska to obtain the necessary permits to construct the Pulawy plant, competition from existing
and new competitors, an increase in the global supply of rare earth oxides or dumping, predatory pricing and
other tactics by Mkango’s competitors, the recycling pl ants being developed by Maginito in the UK, Germany
and the US (the “Maginito Recycling Plants”), government al action and other market effects on global demand
and pricing for the metals and associated downstream products for which Mkango is exploring, researching and
developing, geological, technical and regulatory matters re lating to the development of Songwe Hill, the ability
to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial
capability and effective competing te chnologies in the recycling and se paration business of Maginito and
Mkango, availability of scrap supplies for Maginito’s recyc ling activities, government regulation (including the
impact of environmental and other regulations) on a nd the economics in relation to recycling and the
development of the Maginito Recycling Plants and Pulawy, and future investments in the United States pursuant
to the cooperation agreement between Maginito and Co Tec, cost overruns, complexities in building and
operating the plants, the positive results of feasibility st udies on the various proposed aspects of Mkango’s and
Maginito’s activities, political and economic uncertainty in the jurisdictions in which the Company operates and
the impact of the war in Iran. The forward-looking statements contained in this news release are made as of the
date of this news release. Except as required by la w, the Company disclaims an y intention and assumes no
obligation to update or revise any forward-looking stat ements, whether because 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
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Alexander Lemon
President
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 20 4530 9160/9177
H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500
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.