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Agreed Subscription to Raise £2 million | Company Announcement

Agreed Subscription to Raise £2 million | Company Announcement
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Proposed Investment, Subscription & Board Changes | Company Announcement

Investegate announcements from Proposed Investment, Subscription & Board Changes

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Mkango Resources Ltd.: Mkango Closes £750,000 Private Placement

Mkango Resources Ltd.: Mkango Closes £750,000 Private Placement
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Mkango Closes £750,000 (C$1.3M) Private Placement

Mkango Closes £750,000 (C$1.3M) Private Placement
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Mkango Raises £750,000 (C$1.3M) to Advance Rare Earth Magnet Recycling in United Kingdom and Germany, and Launches Strategic Review

Highlights Mkango Resources (“Mkango” or the “Company”) has conditionally raised gross proceeds of £750,000 (C$1.3M) via a direct Company subscription from existing shareholders, including a £150,000 investment by Mkango CEO William DawesUse of proceeds include the acquisition of additional equipment to underpin HyProMag’s transition to first commercial sales of recycled NdFeB at Tyseley Energy Park in Birmingham, UK targeted for H2 2024, and orders of long lead time equipment in Germany, unlock

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