http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Wed, 20 Jun 2018 19:41:32 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Mkango commences major drilling programme at Songwe Hills ]]> http://www.proactiveinvestors.co.uk/companies/news/198157/mkango-commences-major-drilling-programme-at-songwe-hills-198157.html Mkango Resources Ltd (LON:MKA) has commenced a major diamond drilling programme at the Songwe Hill rare earths project in Malawi.

The drilling programme is a key component of the Feasibility study for Songwe, which is being fully funded by Talaxis Limited, a subsidiary of Noble Group Ltd.  

READ: Mkango Resources subsidiaries receive investments totalling £6mln (C$10.5mln) from Talaxis

The drilling programme is for a minimum of 5,000 metres and will be focused on infill, step-out and geotechnical drilling. Over 50 drill pads have been constructed along with new access roads and enlarged camp infrastructure.

Mkango is targeting completion of an updated mineral resource estimate by the end of 2018.

 At that point, Talaxis will invest a further £7mln to fund completion of the feasibility study for Songwe.

 "We are delighted to announce the commencement of the drilling programme at Songwe,” said Mkango chief executive William Dawes.

“This is a culmination of extensive preparatory work completed over recent months and we are excited to kick off what will be the largest drill programme to date at Songwe. Mkango is fully funded to completion of a feasibility study with a clearly defined pathway to production. We look forward to keeping the market updated as we progress through the drilling programme and other major milestones."

 

 

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Mon, 04 Jun 2018 07:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/198157/mkango-commences-major-drilling-programme-at-songwe-hills-198157.html
<![CDATA[RNS press release - MKANGO COMMENCES MAJOR DRILLING PROGRAMME ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180604070007_13664776/ Mon, 04 Jun 2018 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180604070007_13664776/ <![CDATA[RNS press release - Mkango Q1 2018 Financial Statements and MDA ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180530070007_13658900/ Wed, 30 May 2018 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180530070007_13658900/ <![CDATA[Media files - Mkango Resources signs definitive agreement to develop Songwe Hill licence ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9328/mkango-resources-signs-definitive-agreement-to-develop-songwe-hill-licence-9328.html Fri, 18 May 2018 14:40:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9328/mkango-resources-signs-definitive-agreement-to-develop-songwe-hill-licence-9328.html <![CDATA[News - Mkango Resources signs off Songwe Hill development deal with Noble Group division ]]> http://www.proactiveinvestors.co.uk/companies/news/197264/mkango-resources-signs-off-songwe-hill-development-deal-with-noble-group-division-197264.html Rare earths group Mkango Resources Ltd (LON:MKA) has signed off its agreement with trading group Noble to develop the Songwe Hill licence in Malawi.

Talaxis, a subsidiary of Noble, will acquire up 75% of Lancaster Exploration, which holds the licence, and up to 49% of Maginito, a downstream rare earths business.

WATCH: Mkango Resources signs definitive agreement to develop Songwe Hill licence

Rare earths such as neodymium alloy powders are used in magnets expected to be used extensively in electric vehicles. 

Talaxis already has a 20% stake in Lancaster following an investment of £5mln in January.

That money will fund a drilling programme with a resource estimate scheduled by the end of the year.

At that point, Talaxis can increase its stake in Lancaster to 49% through investing a further £7mln with an option to go up to 75% once a feasibility study is complete.

The feasibility study is expected to be completed by end 2019.

If Talaxis exercises its option, Mkango will retain a 25% interest, free carried to production.

Maginito will also receive a further £1mln once a second phase of R&D work is completed, which will takes Talaxis’ stake to 49%.

Daniel Mamadou, an executive director of Talaxis said: "As the market for permanent magnet technology continues to grow rapidly, access to reliable sources of neodymium becomes key.”

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Fri, 18 May 2018 07:46:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/197264/mkango-resources-signs-off-songwe-hill-development-deal-with-noble-group-division-197264.html
<![CDATA[RNS press release - MKANGO SIGNS DEFINITIVE AGREEMENTS WITH TALAXIS ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180518070004_13646112/ Fri, 18 May 2018 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180518070004_13646112/ <![CDATA[News - Mkango Resources says initial phases of the feasibility for Songwe Hill are underway ]]> http://www.proactiveinvestors.co.uk/companies/news/196324/mkango-resources-says-initial-phases-of-the-feasibility-for-songwe-hill-are-underway-196324.html Mkango Resources Ltd (LON:MKA, CVE:MKA) said the initial phases of the feasibility study for the Songwe Hill rare earths deposit has started.

Drilling is targeted to commence within the next month, once all drill roads and pads are completed, Mkango said.

READ: Mkango Resources well-positioned to progress the feasibility and development phases of Songwe Hill​

The plan is to drill a minimum of 5,000 metres, with the focus on infill, step-out and geotechnical drilling.

Meanwhile, metallurgical optimisation is underway at laboratories in Australia and Canada. The work programme has been scaled up following receipt of the Talaxis funding and is focused on flotation, hydrometallurgy and acid regeneration.

The Environmental, Social and Health Impact Assessment is underway and being completed in accordance with World Bank Standards and Equator Principles.


 


 

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Thu, 03 May 2018 08:13:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/196324/mkango-resources-says-initial-phases-of-the-feasibility-for-songwe-hill-are-underway-196324.html
<![CDATA[RNS press release - MKANGO PROVIDES UPDATE ON SONGWE ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180503070002_13628074/ Thu, 03 May 2018 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180503070002_13628074/ <![CDATA[News - Mkango Resources well-positioned to progress the feasibility and development phases of Songwe Hill ]]> http://www.proactiveinvestors.co.uk/companies/news/194970/mkango-resources-well-positioned-to-progress-the-feasibility-and-development-phases-of-songwe-hill-194970.html Mkango Resources Limited (LON:MKA) (TSX:MKA) is well-positioned to progress the feasibility and development phases of its Songwe Hill rare-earths prospect in Malawi, according to a management discussion and analysis report for the year ended December 31, published on its website Friday.

Following recent investments by Noble Group subsidiary Talaxis, the exploration and development company said the initial phases of the feasibility study include a diamond drilling programme and the publication of an updated mineral resource estimate.

READ: Mkango Resources subsidiaries receive investments totalling £6mln (C$10.5mln) from Talaxis

The group is also undertaking metallurgical optimisation and work on the ongoing environmental, social and health impact assessment of the project.

At the end of January, Talaxis invested an initial £5mln  into Lancaster Exploration Limited - the subsidiary which holds the licence for Songwe Hill - in return for a 20% interest in the business.

Talaxis also invested £1mln into a new Mkango subsidiary, Maginito Limited, in return for a 24.5% interest in Maginito.

A further £8mln will be invested by Talaxis into Lancaster and Maginito subject to a definitive joint venture agreement and the publication of the updated mineral resource estimate.

Mkango is aiming to develop the Songwe Hill project, along with complementary downstream opportunities in the rare earths supply chain, through Maginito, both of which are in partnership with Talaxis

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Fri, 13 Apr 2018 15:11:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/194970/mkango-resources-well-positioned-to-progress-the-feasibility-and-development-phases-of-songwe-hill-194970.html
<![CDATA[RNS press release - Annual Financial Report ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180413070002_13603038/ Fri, 13 Apr 2018 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180413070002_13603038/ <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180301070016_13550170/ Thu, 01 Mar 2018 07:00:16 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180301070016_13550170/ <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180126150002_13511587/ Fri, 26 Jan 2018 15:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180126150002_13511587/ <![CDATA[Media files - Mkango Resources in unique position after £6mln funding boost ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8667/mkango-resources-in-unique-position-after-6mln-funding-boost-8667.html Fri, 26 Jan 2018 09:12:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8667/mkango-resources-in-unique-position-after-6mln-funding-boost-8667.html <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180125070003_13508675/ Thu, 25 Jan 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180125070003_13508675/ <![CDATA[News - Mkango Resources subsidiaries receive investments totalling £6mln (C$10.5mln) from Talaxis ]]> http://www.proactiveinvestors.co.uk/companies/news/190571/mkango-resources-subsidiaries-receive-investments-totalling-6mln-c105mln-from-talaxis-190571.html Mkango Resources Ltd. (LON:MKA) (TSX-V:MKA) has announced that, following recent shareholder and exchange approvals, investments totalling £6mln (C$10.5mln) made by Talaxis Limited have been received by the rare earths explorer’s subsidiaries.

The AIM/TSXV listed firm said Talaxis has invested £5mln (C$8.8mln) into Lancaster Exploration Limited - the subsidiary which holds the licence for the advanced stage Songwe Hill rare earths project in Malawi - in return for a 20% interest in the business.

WATCH: Mkango in unique position after £6mln funding boost READ: Mkango signs 3-D magnets agreement with Metalysis

The group said the investment into Lancaster will fund the initial phase of the Feasibility Study for Songwe, including an extensive drilling programme starting in the second quarter of 2018.

It said Talaxis has also invested £1mln (C$1.8mln) into a new Mkango subsidiary, Maginito Limited, in return for a 24.5% interest in Maginito.

The group pointed out that Maginito is focused on neodymium alloy powders, magnet and other technologies relating to electric vehicles and other cleantech applications.

Mkango said a further £8mln (C$14mln) will be invested by Talaxis into Lancaster and Maginito subject to completion of definitive documentation and a number of milestones.

Mkango “uniquely positioned”

William Dawes, Mkango’s chief executive officer commented: "Following receipt of the investment from Talaxis, Mkango is uniquely positioned. We are one of very few companies with an advanced stage rare earths project fully funded to completion of a Feasibility Study with a clearly defined development pathway to production. This is complemented by downstream growth opportunities focused on the electric vehicle technology space.”

He added: “We look forward to working with Talaxis as well as the Government and people of Malawi as we move the project through the development phase to become a leading sustainable producer of rare earths."

Talaxis is the holder of 13.6% of the issued and outstanding common shares of Mkango. In addition to its shareholding, Talaxis also holds 12mln warrants Mkango which, upon exercise, could result in Talaxis holding 22.5% of the then-issued and outstanding shares of the group.

However, Talaxis has agreed with Mkango that it will not exercise any warrants which would increase its holding in the firm to 20% or more.

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Wed, 24 Jan 2018 15:55:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190571/mkango-resources-subsidiaries-receive-investments-totalling-6mln-c105mln-from-talaxis-190571.html
<![CDATA[RNS press release - MKANGO RECEIVES £6M INVESTMENT FROM TALAXIS ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180124153001_13508367/ Wed, 24 Jan 2018 15:30:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180124153001_13508367/ <![CDATA[RNS press release - MKANGO ANNOUNCES SHAREHOLDER APPROVAL ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180118161001_13501800/ Thu, 18 Jan 2018 16:10:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180118161001_13501800/ <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180112070002_13493953/ Fri, 12 Jan 2018 07:00:02 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180112070002_13493953/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180108150141_13488890/ Mon, 08 Jan 2018 15:01:41 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180108150141_13488890/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180108140551_13488737/ Mon, 08 Jan 2018 14:05:51 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180108140551_13488737/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180108140037_13488734/ Mon, 08 Jan 2018 14:00:37 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20180108140037_13488734/ <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171214070007_13464919/ Thu, 14 Dec 2017 07:00:07 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171214070007_13464919/ <![CDATA[RNS press release - MKANGO RECEIVES CONDITIONAL TSX-V APPROVAL ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171211070004_13459969/ Mon, 11 Dec 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171211070004_13459969/ <![CDATA[RNS press release - Nickel Cobalt Exploration Licence Granted ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171129070003_13446960/ Wed, 29 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171129070003_13446960/ <![CDATA[RNS press release - 3rd Quarter Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171128070003_13445468/ Tue, 28 Nov 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171128070003_13445468/ <![CDATA[RNS press release - Exercise of Warrants ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171124070004_13442685/ Fri, 24 Nov 2017 07:00:04 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171124070004_13442685/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171116110542_13434220/ Thu, 16 Nov 2017 11:05:42 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171116110542_13434220/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171116110019_13434192/ Thu, 16 Nov 2017 11:00:19 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171116110019_13434192/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171116090025_13433855/ Thu, 16 Nov 2017 09:00:25 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171116090025_13433855/ <![CDATA[RNS press release - Mkango enters into agreement with Talaxis ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171116070006_13433395/ Thu, 16 Nov 2017 07:00:06 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171116070006_13433395/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171106102029_13421379/ Mon, 06 Nov 2017 10:20:29 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171106102029_13421379/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171103150413_13420375/ Fri, 03 Nov 2017 15:04:13 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171103150413_13420375/ <![CDATA[RNS press release - MKANGO GRANTS STOCK OPTIONS ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171101133001_13416890/ Wed, 01 Nov 2017 13:30:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171101133001_13416890/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171101070005_13415768/ Wed, 01 Nov 2017 07:00:05 +0000 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171101070005_13415768/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171027112002_13411723/ Fri, 27 Oct 2017 11:20:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171027112002_13411723/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171027111501_13411713/ Fri, 27 Oct 2017 11:15:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171027111501_13411713/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171027092925_13411466/ Fri, 27 Oct 2017 09:29:25 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171027092925_13411466/ <![CDATA[RNS press release - Result of Equity Issue ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171026070003_13409359/ Thu, 26 Oct 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20171026070003_13409359/ <![CDATA[RNS press release - MKANGO ADVANCES METALYSIS PROJECT & RAISES £500K ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170929070003_13379583/ Fri, 29 Sep 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170929070003_13379583/ <![CDATA[RNS press release - Mkango Releases 2nd Quarter Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170830070003_13344916/ Wed, 30 Aug 2017 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170830070003_13344916/ <![CDATA[RNS press release - Mkango renews Thambani Licence ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170823070002_13338630/ Wed, 23 Aug 2017 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170823070002_13338630/ <![CDATA[RNS press release - 1st Quarter Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170525070007_13237739/ Thu, 25 May 2017 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170525070007_13237739/ <![CDATA[Media files - Zak Mir: ‘Mkango shares can almost double this summer if they do this one thing’ ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/7522/zak-mir-mkango-shares-can-almost-double-this-summer-if-they-do-this-one-thing-7522.html Wed, 24 May 2017 09:10:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7522/zak-mir-mkango-shares-can-almost-double-this-summer-if-they-do-this-one-thing-7522.html <![CDATA[RNS press release - High grade Uranium, Tantalum, Niobium at Thambani ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170524070008_13236146/ Wed, 24 May 2017 07:00:08 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170524070008_13236146/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170427105523_13206829/ Thu, 27 Apr 2017 10:55:23 +0100 http://www.proactiveinvestors.co.uk/companies/rns/6737/LSE20170427105523_13206829/ <![CDATA[Media files - Mkango shares could hit 6p, but wait for them to close above this number ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/7128/mkango-shares-could-hit-6p-but-wait-for-them-to-close-above-this-number-7128.html Mon, 20 Mar 2017 09:15:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/7128/mkango-shares-could-hit-6p-but-wait-for-them-to-close-above-this-number-7128.html <![CDATA[News - Mkango signs 3-D magnets agreement with Metalysis ]]> http://www.proactiveinvestors.co.uk/companies/news/175048/mkango-signs-3-d-magnets-agreement-with-metalysis-175048.html Mkango Resources Limited (LON:MKA)(CVE:MKA) has entered into a Memorandum Of Understanding with Metalysis Limited jointly to research, develop and commercialise novel rare earth metal alloys for use in three-dimensional printed permanent magnets.

Metalysis owns a proprietary metal processing technology that can manufacture metal powders at high margins, and which originated in the University of Cambridge.

WATCH: Zak Mir on Mkango Resources

The MOU will combine Mkango's expertise in the rare earths and rare earths magnets markets Metalysis' technology.

The two companies envisage a comprehensive research and development programme, culminating in the joint pursuit of commercial opportunities. One such opportunity includes evaluating the United Kingdom as a future host country for a manufacturing plant to exploit a commercialised technology. 

Rare earth permanent magnets are a critical component of many electric vehicles, as well as other consumer and green technologies. China dominates the rare earth permanent magnet industry, and with one of the few rare earths projects outside China to have advanced beyond the pre-feasibility stage, Mkango is well-placed to respond to the global demand outlook.

Mkango's share of the first phase of R&D costs will be funded out of existing cash resources.

 

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Mon, 20 Mar 2017 08:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/175048/mkango-signs-3-d-magnets-agreement-with-metalysis-175048.html
<![CDATA[News - Mkango upbeat on Malawl rare earth and uranium projects ]]> http://www.proactiveinvestors.co.uk/companies/news/173982/mkango-upbeat-on-malawl-rare-earth-and-uranium-projects-173982.html Mkango Resources Ltd (LON:MKA CVE:MKA) has started its next round of metallurgical/exploration work at rare earths project Songwe Hill and uranium project Thambani, both in Malawi.

At Thambani, the primary focus is uranium but Mkango added recently it will assess the site for its lithium potential.

Processing test work meanwhile will look to improve flotation and hydrometallurgical portions of the flow sheet for Songwe, which will cut costs.

William Dawes, chief executive, said both projects are focused on commodities with strong outlooks.

Songwe is one of the few advanced stage rare earths projects outside China with an offtake deal just signed with trading giant Noble Group and is ewll palced to benefit from a recovery in the rare earths sector.

“Growth in electric vehicle demand and other green technologies will have a huge impact on the rare earths sector.

“For example, BHP Billiton and BP are forecasting that there will be 140 million and 100 million electric vehicles by 2035, respectively, versus around 1 million today. “

The European Union, meanwhile, has indicated it is more vulnerable to supply bottlenecks of rare earths used in electric vehicles and wind power than lithium.

At Thambani, Alexander Lemon, Mkango’s president, added:  "The market is clearly seeing renewed interest in uranium projects in recent months following moves by Kazakhstan to cut production and the increasingly apparent lack of supply for new reactors being brought online over the next five years in countries such as India and China.

Our strategy for the project remains to bring in a joint venture partner, he said, but Mkango can add value by pushing ahead with a clearly defined, low cost exploration programme following the end of the rainy season in Malawi.

 

 

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Wed, 01 Mar 2017 07:41:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/173982/mkango-upbeat-on-malawl-rare-earth-and-uranium-projects-173982.html
<![CDATA[News - Mkango says all AGM business approved ]]> http://www.proactiveinvestors.co.uk/companies/news/173411/mkango-says-all-agm-business-approved-173411.html Dual-listed Mkango Resources Ltd (LON:MKA, CVE:MKA) announced on Monday the results of its annual general meeting of shareholders held on February 16.

All business put forward at the Meeting was approved by the shareholders of the Corporation.

This included: the re-election of Derek Linfield, William Dawes, Alexander Lemon, David Berg, Eugene Chen and Adrian Reynolds as Directors of the Corporation; re-appointment of Meyers Norris Penny LLP as auditors of the Corporation and the approval of the stock option plan of the Corporation in accordance with the policies of the TSX Venture Exchange.

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Mon, 20 Feb 2017 12:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/173411/mkango-says-all-agm-business-approved-173411.html
<![CDATA[News - Mkango Resources surges as it announces exploration programme at Thambani ]]> http://www.proactiveinvestors.co.uk/companies/news/172560/mkango-resources-surges-as-it-announces-exploration-programme-at-thambani-172560.html Shares in dual-listed Mkango Resources Ltd (LON:MKA, CVE:MKA) shot up in London as it announced plans to start exploration on its Thambani uranium project.

Following recent management site visits, Mkango plans to commence its 2017 exploration programme in the Thambani licence area, in Malawi, during the first quarter.

The decision follows the airborne geophysics survey last year that was funded by the World Bank.

Read Mkango identifies more rare earths targets in Malawi

The programme will include further mapping, soil and rock chip sampling, trenching and ground ‘truthing’ of new geophysical anomalies.

Mkango said that searching for uranium (and associated tantalum and niobium) would be the main focus of the programme, but it would also evaluate the licence for its lithium potential.

Lithium is the hot mineral in mining circles these days because of the expectation of massively increased demand from battery makers.

The Thambani licence area is host to pegmatite occurrences, which can be a potential host rock for lithium. Furthermore, historical reports refer to an occurrence of a lithium mineral in the licence area, Mkango revealed; however, these need further geological investigation to determine the significance.

It is the rainy season at the moment in Malawi, so the programme will kick-off when that ends, which is usually late February or early March.

The exploration programme will be funded from existing cash resources.

“The market is clearly seeing renewed interest in uranium projects in recent months following moves by Kazakhstan to cut production and the increasingly apparent lack of supply for new reactors being brought online over the next five years in countries such as India and China,” said Alexander Lemon, president of Mkango.

“Our strategy for the project remains to bring in a joint venture partner, but we believe that we will enhance value for our shareholders in the near term by pushing ahead with a clearly defined, low cost exploration programme following the end of the rainy season in Malawi," he added.

Shares in Mkango rose to 4p at one point in London, before ebbing to 3.58p, up 14.5% on the day.

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Thu, 02 Feb 2017 10:44:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/172560/mkango-resources-surges-as-it-announces-exploration-programme-at-thambani-172560.html