Mkango Unaffected BY Malawi Executive Order No. 2 of 2025
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MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO UNAFFECTED BY MALAWI EXECUTIVE ORDER NO. 2 OF 2025
London / Vancouver: 28 October 2025 – Mkango Resources Ltd (AIM / TSX-V:MKA) (the “Company” or
“Mkango”), acknowledges the recent Executive Order by His Excellency Professor Arthur Peter Mutharika,
President of the Republic of Malawi, regarding the prohib ition of the export of raw minerals, promoting local
value addition and ensuring that the mineral resources of Malawi contribute to the economic development and
prosperity of the country.
The Songwe Hill rare earth mining project (“Songwe” or the “Project”) will be producing a value-added processed
and refined mixed rare earth carbonate product at the mine site in Malawi. As such, the prohibitions outlined in
Executive Order No. 2 of 2025 are not applicable to Songwe as the ban only relates to minerals that have not
been processed, refined, or value-added in Malawi.
Following the announcement of the U.S. International Development Finance Corporation project development
funding agreement, Mkango is progressing preparations to initiate the Front-End Engineering and Design.
About Mkango Resources Ltd.
Mkango is listed on the AIM and the TSX-V. Mkango’s corp orate 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 sources of neodymium,
praseodymium, dysprosium and terbium to supply accelera ting 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 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 th e Songwe and Pulawy projects have been selected as
Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a BCA with CPTK to
list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger.
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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 Un ion (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 continuation of the Canadian Union of Postal Workers and the impacts thereof, and the
adjournment of the Meeting and the matters consider ed at the Adjourned Meeting. The forward-looking
statements contained in this news rele ase are made as of the date of this news release. Except as required by
law, the Company disclaims an y 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 undert akes no obligation to comment on th e expectations of, or statements
made by, third parties in respect of the matters discussed above.
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.
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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
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77