Mkango Resources says initial phases of the feasibility for Songwe Hill are underway
Over 50 drill pads are being constructed for the drill programme, as well as an enlarged camp to accommodate the larger team versus previous drill programmes
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Mkango Resources Ltd
CVE:MKA
Mkango Resources Ltd is moving towards production at its rare earth recycling venture in the UK, Germany and the USA. The company’s HyProMag venture uses Hydrogen Processing of Magnet Scrap (HPMS) to recycle rare earths. HyProMag’s technology has been selected by the transnational association Minerals Security Partnership (MSP) for support as one of its key projects. The rare earth magnet recycling technology was selected by MSP due to its strong potential to contribute towards the development of responsible critical mineral supply chains.
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Mkango Resources well-positioned to progress the feasibility and development phases of Songwe Hill
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
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Mkango Resources subsidiaries receive investments totalling £6mln (C$10.5mln) from Talaxis
The AIM 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 th
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