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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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United kingdomUnited statesCity ofHypromag gmbKasia brzozowskaDennis riedlJos simsonSongwe hillJeff keatingCaroline roweAlex woodWilliam dawesCath drummondTyseley energy park in birminghamFinancial conduct authorityMkango resources

Mkango Closes £750,000 (C$1 3M) Private Placement

Mkango Closes £750,000 (C$1 3M) Private Placement
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United kingdomUnited statesCity ofJos simsonKasia brzozowskaWilliam dawesSongwe hillCath drummondJeff keatingHypromag gmbAlex woodCaroline roweMaginito limitedVenture exchangeMining development agreement for songwe hillJub capital management

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

United kingdomUnited statesBritish columbiaCity ofSongwe hillHypromag gmbCath drummondJeff keatingCaroline roweWilliam dawesJos simsonKasia brzozowskaAlex woodSp angel corporate financeLeo mining explorationTavistock communications