MKANGORESOURCESLTD. 550BurrardStreet Suite2900 Vancouver
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MKANGORESOURCESLTD.
550BurrardStreet
Suite2900
Vancouver
BCV6C0A3
Canada
CONFIRMATIONOFNOMATERIALCHANGE
London / Vancouver: October 24, 2025– At the request of CIRO, Mkango Resources Ltd. (AIM/TSX-V: MKA)
(“Mkango” or the “Company”) wishes to confirm that the Company’s management is unaware of any material
changeintheCompany’soperationsthatwouldaccountfortherecentincreaseinmarketactivity.
AboutMkangoResourcesLtd.
Mkango is listed on the AIM and the TSX-V. 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”),whichisowned79.4percentbyMkangoand20.6percentbyCoTecHoldingsCorp(“CoTec”),and
to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply
acceleratingdemandfromelectricvehicles,windturbinesandothercleanenergytechnologies.
Maginitoholdsa100percentinterestinHyProMagLtd.anda90percentdirectandindirectinterest(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
(“MkangoUK”),focusedonlonglooprareearthmagnetrecyclingintheUKviaachemicalroute.
Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned
HyProMagUSALLCjointventurecompany.
MkangoalsoownstheadvancedstageSongweHillrareearthsprojectinMalawi(“Songwe”)andthePulawyrare
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 (“BCA”) with Crown PropTech Acquisitions (“CPTK”) to list the Songwe Hill and Pulawy
rare earths projects on NASDAQ via a SPAC Merger. Completion of the SPAC Merger is subject to satisfaction of
theconditionssetforthintheBCA.
Formoreinformation,pleasevisit www.mkango.ca
CautionaryNoteRegardingForward-LookingStatements
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
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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, receipt of TSX-V approval for the Subscription, 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
plantinPoland,governmentalactionandothermarketeffectsonglobaldemandandpricingforthemetalsand
associated downstream products for which Mkango is exploring, researching and developing, geological,
technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and
chemicalrecyclingtechnologiestocommercialscale,competitorshavinggreaterfinancialcapabilityandeffective
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 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 overruns, 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. Forward-
looking statements also include statements regarding the expected benefits of the BCA and the SPAC Merger.
Theforward-lookingstatementsarebasedonthecurrentexpectationsoftherespectivemanagementteamsof
CPTK and Mkango as applicable, and are inherently subject to uncertainties and changes in circumstance and
their potential effects. There can be no assurance that future developments will be those that have been
anticipated.Theforward-lookingstatementscontainedinthisnewsreleasearemadeasofthedateofthisnews
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
expectationsof,orstatementsmadeby,thirdpartiesinrespectofthemattersdiscussedabove.
ForfurtherinformationonMkango,pleasecontact:
MkangoResourcesLimited
WilliamDawes AlexanderLemon
ChiefExecutiveOfficer President
[email protected] [email protected]
Canada:+14034445979
www.mkango.ca
@MkangoResources
SPAngelCorporateFinanceLLP
NominatedAdviserandJointBroker
JeffKeating,JenClarke,DevikMehta
UK:+442034700470
AlternativeResourceCapital
JointBroker
AlexWood,KeithDowsing
UK:+442045309160/9177
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The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither
theTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSX
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
UnitedStatesSecuritiesActof1933,asamended(the"U.S.SecuritiesAct")andmaynotbeofferedorsoldwithin
theUnitedStatesto,orfortheaccountorbenefitof,U.S.personsexceptincertaintransactionsexemptfromthe
registrationrequirementsoftheU.S.SecuritiesAct.