MKANGORESOURCESLTD. 550BurrardStreet Suite2900 Vancouver
MKANGORESOURCESLTD.
550BurrardStreet
Suite2900
Vancouver
BCV6C0A3
Canada
AppointmentofJointCorporateBroker
LONDON / VANCOUVER: 9 July 2026 –Mkango Resources Ltd. (AIM/TSX-V: MKA) (“Mkango” or
“Company”) is pleased to announce that Cavendish Capital Markets Limited (“Cavendish”) has been
appointed as joint corporate broker to the Company with immediate effect. Cavendish will work
alongsidetheCompany'sexistingjointcorporatebroker,Hannam&Partners,andnominatedadviser
andjointcorporatebroker,SPAngel.
Cavendishisafull-serviceinvestmentbankandadvisoryfirmheadquarteredinLondonandauthorised
and regulated by the UK Financial Conduct Authority.Under the terms of the broking agreement
(“Agreement”),Cavendishwill provide corporate broking and research services to the Company, and
provide general market intelligence, feedback on the market’s view of the Company and on market
activity in the Company’s shares. The Agreement provides for an annual fee of £50,000 per year,
payable quarterly, in connection with the provision of such services, funded from the Company's
generalworkingcapital.TheAgreementrunsforaninitialtermof12monthswithaonemonthnotice
ofterminationprovision.
Cavendish and Mkango are unrelated and unaffiliated entities.Cavendish has confirmed to Mkango
that it does not have any interest, direct or indirect, in any securities of Mkango or a right to acquire
anysuchsecurities.
AboutMkangoResourcesLtd.
MkangoislistedontheAIMandtheTSX-VStockExchanges.Mkango’scorporatestrategyistobecome
a market leader in the production of recycled rare earth magnets, alloys and oxides, through its
interestinMaginitoLimited(“Maginito”),whichisowned79.4percentbyMkangoand20.6percent
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
turbinesandothercleanenergytechnologies.
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, 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
UKviaachemicalroute.
Maginito and CoTec are also expanding HPMS recycling technology into the United States via the
50/50ownedHyProMagUSAjointventurecompany.
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 Puławy projects
havebeenselectedasStrategicProjectsundertheEuropeanUnionCriticalRawMaterialsAct.Songwe
hasalsoreceivedDevelopmentFundingfromtheU.S.InternationalDevelopmentFinanceCorporation
(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
AgreementwithCrownPropTechAcquisitionstolisttheSongweHillandPuławyrareearthsprojects
onNASDAQviaaSPACMergerunderthenameMkangoRareEarthsLimited.
Formoreinformation,pleasevisitwww.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
identifiedbytheuseofwordssuchas“plans”,“expects”or“isexpectedto”,“scheduled”,“estimates”
“intends”, “anticipates”, “believes”, or variations of such words and phrases, or statements that
certainactions,eventsorresults“can”,“may”,“could”,“would”,“should”,“might”or“will”,occuror
beachieved,orthenegativeconnotationsthereof.Readersarecautionednottoplaceunduereliance
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-lookingstatementswillnotoccur,whichmaycauseactualperformanceandresultsinfuture
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
limitingtheforegoing,theavailabilityof(ordelaysinobtaining)financingtodevelopSongweHill,the
recycling plants being developed by Maginito in the UK, Germany and the US, governmental 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 relating 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 technologies in the recycling and separation business of Maginito and
Mkango, availability of scrap supplies for Maginito’s 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 Maginito recycling plants and Pulawy, and future investments
intheUnitedStatespursuanttotheproposedcooperationagreementbetweenMaginitoandCoTec,
costoverruns,complexitiesinbuildingandoperatingtheplants,andthepositiveresultsoffeasibility
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, whether because of new information, future events or otherwise,
exceptasrequiredbyapplicablelaw.Additionally,theCompanyundertakesnoobligationtocomment
ontheexpectationsof,orstatementsmadeby,thirdpartiesinrespectofthemattersdiscussedabove.
ForfurtherinformationonMkango,pleasecontact:
MkangoResourcesLimited
WilliamDawes
ChiefExecutiveOfficer
AlexanderLemon
President
Canada:+14034445979
www.mkango.ca
@MkangoResources
SPAngelCorporateFinanceLLP
NominatedAdviserandJointBroker
CarolineRowe,JenClarke,DevikMehta
UK:+442034700470
CavendishCapitalMarketsLimited
JointBroker
NeilMcDonald,PearlKellie
UK:+442073300500
H&PAdvisoryLimited
JointBroker
AndrewChubb,LeifPowis
UK:+442079078500
TheTSXVentureExchangehasneitherapprovednordisapprovedthecontentsofthispressrelease.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
thepoliciesoftheTSXVentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthis
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
exceptincertaintransactionsexemptfromtheregistrationrequirementsoftheU.S.SecuritiesAct.