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London / Vancouver: January 7, 2021 - Mkango Resources Ltd. (AIM/TSX-V: MKA) (the Company or Mkango ) is pleased to announce that it has received TSX-V approval for the cashless warrant exercise by Talaxis Limited ( Talaxis ) announced on 4 January 2021, whereby Talaxis will be issued with 1,000,000 Shares ( New Shares ) in lieu of payment for 12,000,000 Shares at 6.6 pence. This significantly reduces the dilution to other Mkango shareholders and avoids the Company issuing 12,000,000 shares at a significant discount to the current market price of Mkango Shares. Following the issuance of the New Shares to Talaxis pursuant to the amended warrant, Talaxis will increase its ownership of Mkango from 14,285,715 shares to 15,285,715 shares post-warrant exercise, representing an increase from 10.7% to 11.3% of the issued and outstanding shares. Talaxis maintains its 49% ownership in the Songwe Hill Rare Earths Project (the Project ) and its option to acquire a further 26% ....