Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) said it issued further shares to Bacchus Capital Advisors Ltd as payment for its financial advisory services.
It issued 625,000 shares at C$0.475 (£0.28) each to Bacchus Capital for services provided for the year to Dec 18, 2021.
Mkango appointed Bacchus Capital as its strategic and financial adviser in December 2020.
Earlier this week, AIM-traded Mkango said it had produced a neodymium and praseodymium-enriched rare earth carbonate as part of ongoing feasibility work at its Songwe Hill rare earths project in Malawi.