Mkango Resources Ltd (MKA)

Mkango Resources Limited Announces MKAR New Investor PresentationJune 10, 2026 8:00 AM
ACCESS NewswireTHIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA AND THE UNITED KINGDOM ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.Mkango Resources Ltd. Announces that an Investor Presentation by Mkango Rare Earths Limited has been furnished to the SEC in Connection with Proposed Business CombinationKey HighlightsMkango Rare Earths Limited has furnished an investor presentation to the U.S. Securities and Exchange Commission in connection with the previously announced proposed business combination with Crown PropTech Acquisitions. LONDON, UK AND VANCOUVER, BC / ACCESS Newswire / June 10, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce that, on 10 June 2026, its wholly-owned subsidiary, Mkango Rare Earths Limited (formerly Lancaster Exploration Limited), a British Virgin Islands company ("MKAR"), furnished an investor presentation (the "Investor Presentation") to the U.S. Securities and Exchange Commission (the "SEC") in connection with the previously disclosed proposed business combination (the "Proposed Business Combination") contemplated by the business combination agreement, dated 2 July 2025 (as amended, the "Business Combination Agreement"), among MKAR, certain other wholly-owned direct and indirect subsidiaries of Mkango, and Crown PropTech Acquisitions, a Cayman Islands exempted company (OTC:CPTKW) ("CPTK"). The Investor Presentation may be used by MKAR and CPTK to conduct meetings with members of the investment community as MKAR and CPTK are contemplating a private capital raise through the issuance of equity, equity-linked, convertible and/or debt securities in one more private placement transactions in connection with the Proposed Business Combination. The Investor Presentation was included as an exhibit to a Current Report on Form 8-K filed by CPTK, and in a filing under Rule 425 of the Securities Act of 1933, as amended, by MKAR.The Investor Presentation is available on EDGAR on the following hyperlink: https://www.sec.gov/Archives/edgar/data/1827899/000121390026067057/ea029425601ex99-1.htm.The Investor Presentation will be made available on the SEDAR+ profile of Mkango at www.sedarplus.ca and on Mkango's website at www.mkango.ca later today.The Investor Presentation has not been reviewed or approved by any regulatory authority in Canada or the United Kingdom, including any securities commission in Canada, the TSX Venture Exchange, the London Stock Exchange and the Financial Conduct Authority in the United Kingdom. The TSX Venture Exchange has neither approved nor disapproved the contents of the Investor Presentation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The content of the Investor Presentation has not been approved by an authorised person within the meaning of the United Kingdom Financial Services and Markets Act 2000.No offer of MKAR securities to the public is being made in Canada or the United Kingdom. The Investor Presentation does not constitute a prospectus for the purposes of the UK Public Offers and Admissions to Trading Regulations 2024 or under any Canadian securities laws.The Investor Presentation discloses technical and scientific information excerpted from a technical report summary that was filed as an exhibit to a registration statement on Form F-4 with the SEC on 20 May 2026, which technical report summary was updated in an exhibit to an amendment to the registration statement filed with the SEC on 8 June 2026, with respect to the Proposed Business Combination. Such technical and scientific information has been prepared in compliance with applicable requirements in Subpart 1300 of Regulation S-K under U.S. securities laws, which requirements are different from the requirements of National Instrument 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101") under Canadian securities laws. Canadian readers are encouraged to review the Updated Technical Report of the Songwe Hill Rare Earth Element Project in Malawi, which was prepared in compliance with NI 43-101 and filed by Mkango on 30 April 2026, which can be located on the SEDAR+ profile of Mkango on www.sedarplus.ca.About Mkango Resources Ltd.Mkango is listed on AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited ("HyProMag") and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HyProMag's recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Additionally, Mkango, through its 100 per cent interest in MKAR, owns the advanced stage Songwe Hill project, a rare earths, uranium, tantalum and niobium exploration portfolio in Malawi, as well as the Pulawy separation project in Pulawy, Poland. Both the Songwe Hill and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act.Pulawy, located in a Special Economic Zone in Poland, stands adjacent to the EU's second largest manufacturer of nitrogen fertilisers, and features established infrastructure, access to reagents and utilities on site.For more information, please visit www.mkango.ca.Market Abuse Regulation (MAR) DisclosureThe information contained within this news release is deemed by Mkango to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Statement Regarding Forward-Looking StatementsAll statements other than statements of historical facts contained in this news release, including statements regarding MKAR's and Mkango's future financial position, results of operations, business strategy, and plans and objectives of their management team for future operations, are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, CPTK, Mkango, MKAR or their respective management teams' expectations concerning the ability of MKAR to utilize certain projection development financing from the U.S. Development Finance Corporation (the "DFC") to advance its activities, the provision of additional funding by the DFC, the outlook for Mkango's or MKAR's business, productivity, plans, goals for future operational improvements, capital investments, operational performance, future market conditions, economic performance, developments in the capital and credit markets, expected future financial performance, capital expenditure plans and timeline, mineral reserve and resource estimates, production and other operating results, productivity improvements, expected net proceeds, expected additional funding, the anticipated use of the investor presentation by SPAC and MKAR, potential financing activities by SPAC and MKAR, including any contemplated private placement transaction, potential non-deal roadshows, and possible PubCo financing discussions, the percentage of redemptions of CPTK's public shareholders, growth prospects and outlook of MKAR's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of MKAR's projects, future listing of MKAR on Nasdaq, as well as any information concerning possible or assumed future results of operations of Mkango and MKAR. Forward-looking statements also include statements regarding the expected benefits of the Proposed Business Combination and the proposed private placement transactions. The forward-looking statements are based on the current expectations of the management teams of Mkango, MKAR, and CPTK and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the Proposed Business Combination may not be completed by CPTK's business combination deadline, or at all, and the potential failure to obtain an extension of the business combination deadline if sought by CPTK, MKAR or Mkango (iii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the approval of the Business Combination Agreement by Mkango, the shareholders of CPTK, and the TSX-V, the satisfaction of the minimum cash amount following redemptions by CPTK's public shareholders and the receipt of certain governmental and regulatory approvals, (iv) market risks, including the price of rare earth materials, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the effect of the announcement or pendency of the Proposed Business Combination on CPTK's, Mkango's or MKAR's business relationships, performance, and business generally, (vii) the outcome of any legal proceedings that may be instituted against CPTK or MKAR related to the business combination agreement or the Proposed Business Combination, (viii) failure to realize the anticipated benefits of the Proposed Business Combination, (ix) the inability of MKAR to meet the listing requirements of the Nasdaq Stock Market, or if listed, the inability of MKAR to maintain the listing of its securities on the Nasdaq Stock Market, (x) the risk that the price of MKAR securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which MKAR plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure, (xi) the inability to implement business plans, forecasts, and other expectations after the completion of the Proposed Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations, (xii) the risk that MKAR may not be able to successfully develop its assets, (xiii) the risk that MKAR will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, (xiv) the potential for geopolitical instability in Europe, the political and social risks of operating in Malawi or Poland, and geopolitical impacts on markets and tariffs, (xv) operational hazards and risks that MKAR could face, and (xvi) the risk that additional financing in connection with the Proposed Business Combination may not be raised on favorable terms, in a sufficient amount to satisfy the minimum cash amount condition to the Business Combination Agreement. The foregoing list is not exhaustive, and there may be additional risks that CPTK, Mkango, or MKAR presently do not know or that they currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this news release and the other risks and uncertainties described in CPTK's or MKAR's filings with the SEC from time to time, Mkango's filings on SEDAR+, and the risks described in the Form F-4, which include a proxy statement/prospectus. Mkango and MKAR caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this news release speak only as of the date of this news release. None of CPTK, Mkango, or MKAR undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that CPTK, Mkango, or MKAR will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed Business Combination, in CPTK's or MKAR's public filings with the SEC, which are or will be (as appropriate) accessible at www.sec.gov, or Mkango's public filings on SEDAR+, which you are advised to review carefully.Important Information for Investors and ShareholdersIn connection with the Proposed Business Combination, MKAR and CPTK have filed the Form F-4 with the SEC, which includes a preliminary proxy statement of CPTK and a preliminary prospectus of MKAR with respect to the securities to be offered in the Proposed Business Combination, and which has also been filed under Mkango's profile on SEDAR+. If the Form F-4 is declared effective by the SEC, the proxy statement/prospectus will be mailed to CPTK's shareholders. Mkango shareholders and other interested persons should read the proxy statement/prospectus, as well as other documents filed with the SEC and on SEDAR+, because these documents contain important information about the Proposed Business Combination. The proxy statement statement/prospectus can be obtained, without charge, on SEDAR+ at www.sedarplus.ca/landingpage and on the SEC's web site at www.sec.gov.Participants in the SolicitationMKAR and CPTK and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of CPTK's shareholders in connection with the Proposed Business Combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of CPTK's directors and officers in CPTK's SEC filings. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to CPTK's shareholders in connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. Information concerning the interests of MKAR's and CPTK's participants in the solicitation, which may, in some cases, be different than those of their respective equityholders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business Combination when it becomes available.No Offer or SolicitationThis news release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Proposed Business Combination. This news release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.For further information on Mkango, please contact:Mkango Resources LimitedAlexander LemonWilliam DawesPresidentChief Executive Officeralex@mkango.cawill@mkango.caUK: +44 20 7372 2744
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Cohen Capital
Strategic and Financial Adviser
Brandon Sun
USA: +1 929 432 1254Welsbach Corporate Solutions LLC-FZ
Supply Chain Advisor and Financial and Capital Markets Advisor
Daniel Mamadou SG:
+65 6879 7107The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to purchase, any securities in any jurisdiction, or the solicitation of any vote, consent or approval in any jurisdiction in connection with or with respect to the Proposed Business Combination, nor shall there be any sale, issuance or transfer of any securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This press release does not constitute either advice or a recommendation regarding any securities. No offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces MKAR New Investor Presentation

Mkango Resources Limited Announces Filing of an Amended Registration Statement - F-4June 9, 2026 2:00 AM
ACCESS NewswireTHIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.Mkango Resources Ltd. Announces the Filing of an Amended Registration Statement by Mkango Rare Earths Limited on Form F-4 in Connection with Proposed Business CombinationKey HighlightsMkango Rare Earths Limited has filed an amended registration statement on Form F-4 with the U.S. Securities and Exchange Commission in connection with the previously announced proposed business combination with Crown PropTech Acquisitions.Mkango Rare Earths Limited has applied for a Nasdaq Stock Market listing, the approval of which is a condition to the closing of the proposed business combination. LONDON, UK AND VANCOUVER, BC / ACCESS Newswire / June 9, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) ("Mkango") is pleased to announce that, on June 8, 2026, its wholly-owned subsidiary, Mkango Rare Earths Limited (formerly Lancaster Exploration Limited), a British Virgin Islands company ("MKAR"), filed an amended registration statement on Form F-4 (the "Amended Form F-4") with the U.S. Securities and Exchange Commission (the "SEC"). The filing was made in connection with the previously disclosed proposed business combination (the "Proposed Business Combination") contemplated by the business combination agreement, dated July 2, 2025 (as amended, the "Business Combination Agreement"), among MKAR, certain other wholly-owned direct and indirect subsidiaries of Mkango, and Crown PropTech Acquisitions, a Cayman Islands exempted company (OTC: CPTKW) ("CPTK"). The Amended Form F-4 includes a preliminary proxy statement for the meeting of CPTK shareholders and a preliminary prospectus relating to MKAR's common shares and warrants. The Proposed Business Combination was initially announced on July 3, 2025. The filing of the Amended Form F-4 by MKAR with the SEC marks an important milestone toward the expected completion of the Proposed Business Combination. Subject to the completion of the SEC review process and satisfaction of customary closing conditions, including approval by the shareholders of CPTK, MKAR's common shares and warrants are expected to be listed on the Nasdaq Stock Market under the symbols "MKAR" and "MKARW", respectively, upon the closing of the transaction.The Amended Form F-4 is available on EDGAR on the following hyperlink: https://www.sec.gov/ix?doc=/Archives/edgar/data/2052373/000121390026066389/ea0271516-07.htm.The Amended Form F-4 is also available on the SEDAR+ profile of Mkango at www.sedarplus.ca. Readers should note that the information contained in the Amended Form F-4 has not yet been declared effective by the SEC and is subject to completion and/or amendment.The Amended Form F-4 has not been reviewed or approved by any regulatory authority in Canada or the United Kingdom, including any securities commission in Canada, the TSX Venture Exchange, the London Stock Exchange and the Financial Conduct Authority in the United Kingdom. The TSX Venture Exchange has neither approved nor disapproved the contents of the Amended Form F-4. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The contents of the Amended Form F-4 has not been approved by an authorised person within the meaning of the United Kingdom Financial Services and Markets Act 2000.No offer of MKAR securities to the public is being made in Canada or the United Kingdom. The Amended Form F-4 does not constitute a prospectus for the purposes of the UK Public Offers and Admissions to Trading Regulations 2024 or under any Canadian securities laws.The Amended Form F-4 discloses technical and scientific information and includes, as an exhibit, a technical report summary, in each case prepared in compliance with applicable requirements in Subpart 1300 of Regulation S-K under U.S. securities laws, which requirements are different from the requirements of National Instrument 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101") under Canadian securities laws. Canadian readers are encouraged to review the Updated Technical Report of the Songwe Hill Rare Earth Element Project in Malawi, which was prepared in compliance with NI 43-101 and filed by Mkango on 30 April 2026, which can be located on the SEDAR+ profile of Mkango on www.sedarplus.com.About Mkango Resources Ltd.Mkango is listed on AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited ("HyProMag") and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HyProMag's recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Additionally, Mkango, through its 100 per cent interest in MKAR, owns the advanced stage Songwe Hill project, a rare earths, uranium, tantalum and niobium exploration portfolio in Malawi, as well as the Pulawy separation project in Pulawy, Poland. Both the Songwe Hill and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act.Pulawy, located in a Special Economic Zone in Poland, stands adjacent to the EU's second largest manufacturer of nitrogen fertilisers, and features established infrastructure, access to reagents and utilities on site.For more information, please visit www.mkango.ca.Market Abuse Regulation (MAR) DisclosureThe information contained within this news release is deemed by Mkango to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Statement Regarding Forward-Looking StatementsAll statements other than statements of historical facts contained in this news release, including statements regarding MKAR's and Mkango's future financial position, results of operations, business strategy, and plans and objectives of their management team for future operations, are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, CPTK, Mkango, MKAR or their respective management teams' expectations concerning the ability of MKAR to utilize certain projection development financing from the U.S. Development Finance Corporation (the "DFC") to advance its activities, the provision of additional funding by the DFC, the outlook for Mkango's or MKAR's business, productivity, plans, goals for future operational improvements, capital investments, operational performance, future market conditions, economic performance, developments in the capital and credit markets, expected future financial performance, capital expenditure plans and timeline, mineral reserve and resource estimates, production and other operating results, productivity improvements, expected net proceeds, expected additional funding, the percentage of redemptions of CPTK's public shareholders, growth prospects and outlook of MKAR's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of MKAR's projects, future listing of MKAR on Nasdaq, as well as any information concerning possible or assumed future results of operations of Mkango and MKAR. Forward-looking statements also include statements regarding the expected benefits of the Proposed Business Combination. The forward-looking statements are based on the current expectations of the management teams of Mkango, MKAR, and CPTK and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the Proposed Business Combination may not be completed by CPTK's business combination deadline, or at all, and the potential failure to obtain an extension of the business combination deadline if sought by CPTK, MKAR or Mkango (iii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the approval of the Business Combination Agreement by Mkango, the shareholders of CPTK, and the TSX-V, the satisfaction of the minimum cash amount following redemptions by CPTK's public shareholders and the receipt of certain governmental and regulatory approvals, (iv) market risks, including the price of rare earth materials, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the effect of the announcement or pendency of the Proposed Business Combination on CPTK's, Mkango's or MKAR's business relationships, performance, and business generally, (vii) the outcome of any legal proceedings that may be instituted against CPTK or MKAR related to the business combination agreement or the Proposed Business Combination, (viii) failure to realize the anticipated benefits of the Proposed Business Combination, (ix) the inability of MKAR to meet the listing requirements of the Nasdaq Stock Market, or if listed, the inability of MKAR to maintain the listing of its securities on the Nasdaq Stock Market, (x) the risk that the price of MKAR securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which MKAR plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure, (xi) the inability to implement business plans, forecasts, and other expectations after the completion of the Proposed Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations, (xii) the risk that MKAR may not be able to successfully develop its assets, (xiii) the risk that MKAR will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, (xiv) the potential for geopolitical instability in Europe, the political and social risks of operating in Malawi or Poland, and geopolitical impacts on markets and tariffs, (xv) operational hazards and risks that MKAR could face, and (xvi) the risk that additional financing in connection with the Proposed Business Combination may not be raised on favorable terms, in a sufficient amount to satisfy the minimum cash amount condition to the Business Combination Agreement. The foregoing list is not exhaustive, and there may be additional risks that CPTK, Mkango, or MKAR presently do not know or that they currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this news release and the other risks and uncertainties described in CPTK's or MKAR's filings with the SEC from time to time, Mkango's filings on SEDAR+, and the risks described in the Amended Form F-4, which include a proxy statement/prospectus. Mkango and MKAR caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this news release speak only as of the date of this news release. None of CPTK, Mkango, or MKAR undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that CPTK, Mkango, or MKAR will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed Business Combination, in CPTK's or MKAR's public filings with the SEC, which are or will be (as appropriate) accessible at www.sec.gov, or Mkango's public filings on SEDAR+, which you are advised to review carefully.Important Information for Investors and ShareholdersIn connection with the Proposed Business Combination, MKAR and CPTK have filed the Amended Form F-4 with the SEC, which includes a preliminary proxy statement of CPTK and a preliminary prospectus of MKAR with respect to the securities to be offered in the Proposed Business Combination, and which has also been filed under Mkango's profile on SEDAR+. If the Amended Form F-4 is declared effective by the SEC, the proxy statement/prospectus will be mailed to CPTK's shareholders. Mkango shareholders and other interested persons should read the proxy statement/prospectus, as well as other documents filed with the SEC and on SEDAR+, because these documents contain important information about the Proposed Business Combination. The proxy statement statement/prospectus can be obtained, without charge, on SEDAR+ at www.sedarplus.ca/landingpage and on the SEC's web site at www.sec.gov.Participants in the SolicitationMKAR and CPTK and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of CPTK's shareholders in connection with the Proposed Business Combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of CPTK's directors and officers in CPTK's SEC filings. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to CPTK's shareholders in connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. Information concerning the interests of MKAR's and CPTK's participants in the solicitation, which may, in some cases, be different than those of their respective equityholders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business Combination when it becomes available.No Offer or SolicitationThis news release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Proposed Business Combination. This news release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.For further information on Mkango, please contact:Mkango Resources LimitedAlexander LemonWilliam DawesPresidentChief Executive Officeralex@mkango.cawill@mkango.caUK: +44 20 7372 2744
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Cohen Capital
Strategic and Financial Adviser
Brandon Sun
USA: +1 929 432 1254Welsbach Corporate Solutions LLC-FZ
Supply Chain Advisor and Financial and Capital Markets Advisor
Daniel Mamadou SG:
+65 6879 7107The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to purchase, any securities in any jurisdiction, or the solicitation of any vote, consent or approval in any jurisdiction in connection with or with respect to the Proposed Business Combination, nor shall there be any sale, issuance or transfer of any securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This press release does not constitute either advice or a recommendation regarding any securities. No offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Filing of an Amended Registration Statement - F-4

Mkango Announces Results Of Annual General MeetingJune 5, 2026 10:44 AM
ACCESS NewswireLONDON, UK AND VANCOUVER, BC / ACCESS Newswire / June 5, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango) announces that at its Annual General Meeting ("AGM") was held today and all resolutions were duly passed.AGM ResultsAll business put forth at the Meeting was approved by shareholders of the Company, including:the election of Derek Linfield, William Dawes, Alexander Lemon, Philipa Varris, Susan Muir and Shaun Treacy as Directors of the Company;appointment of MNP LLP as auditors of the Company and authorising the Directors to fix their remuneration;approval of the amended and restated Stock Option Plan, amending the expiration date of options beyond ten years;approval of the extension of the expiry date of certain options granted under the Stock Option Plan;approval of the amended and restated RSU Plan, increasing the number of Common Shares reserved for issuance under the RSU Plan;approval of the amended and restated EMI Plan;approval of a waiver of review by the TSXV relating to the Corporation's wholly-owned subsidiary Mkango Rare Earths Limited.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSXV. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement ("Business Combination Agreement") with Crown PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "targeted", "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, and the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the various recycling and separation plants of Mkango and Maginito and future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.For further information on Mkango, please contact:Mkango Resources Limited
William Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.ca
alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.com
@MkangoResourcesSP Angel Corporate Finance LLP
Nominated Adviser and Joint Brokerroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/9177H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Announces Results Of Annual General Meeting

Mkango Resources Limited - Hypromag USA To Commence Preparatory WorkJune 3, 2026 7:00 AM
ACCESS NewswireHYPROMAG USA TO COMMENCE PREPARATORY WORK FOR PROJECT EXECUTION PHASE AT DALLAS-FORT WORTH TEXAS HUBPreparatory work for project execution phase to commence at HyProMag USA's Dallas-Fort Worth site, with the lease now fully in effectParallel advancement of detailed engineering, procurement, feedstock sourcing and customer engagement efforts CALGARY, AB / ACCESS Newswire / June 3, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce an update from HyProMag USA, LLC ("HyProMag USA" or "the Company"). HyProMag USA, a U.S.-based rare earth magnet recycling and manufacturing company, today announced that it has taken occupation of its approximately 125,000-square-foot Dallas-Fort Worth facility for what is expected to become the Company's first integrated rare earth magnet recycling and manufacturing hub in the United States.The facility, located at Ironhead Commerce Center in Denton County, Texas, will serve as the central hub of HyProMag USA's domestic rare earth magnet recycling platform and support the Company's broader hub-and-spoke strategy, which includes established feedstock pre-processing operations in South Carolina and Nevada at Intelligent Lifecycle Solutions ("ILS") sites.With the lease now in effect, HyProMag USA will begin establishing an operational presence at the site, including installation of communications infrastructure, security systems and other foundational requirements to support project execution activities.Julian Treger, CEO of CoTec Holdings Corp (supporting HyProMag USA), commented: "Taking occupation of the Texas Hub is transformational for HyProMag USA. With the facility now under our control, our focus is on advancing detailed engineering, securing long-lead equipment, expanding feedstock and offtake partnerships of what we believe will become a cornerstone of the domestic rare earth magnet supply chain. The facility is strategically located in the heart of the Dallas-Fort Worth innovation corridor with excellent access to transportation, logistics and critical infrastructure. We are excited to begin establishing our presence at the site and advancing the project toward construction and commissioning."Will Dawes, CEO of Mkango Resources and Director of HyProMag USA, commented "We are excited to announce this further milestone as we advance towards project development in USA. HyProMag USA is well positioned as a future magnet producer with significant competitive advantages, underpinned by domestic feedstock derived via its proprietary HPMS and Inserma technologies in conjunction with ILS, as well as the opportunity to leverage off existing HyProMag recycling and magnet manufacturing operations in UK and Germany."The Dallas-Fort Worth facility is expected to utilize HyProMag's patented Hydrogen Processing of Magnet Scrap ("HPMS") technology to recover and manufacture neodymium-iron-boron ("NdFeB") rare earth magnets from end-of-life products and manufacturing scrap.Once fully operational, the facility is expected to manufacture approximately 941 metric tons per annum of recycled sintered neodymium-iron-boron ("NdFeB") magnets and 611 metric tons per annum of associated NdFeB co-products (total payable capacity - 1,552 metric tons NdFeB) over a 40-year operating life supporting growing demand from sectors including artificial intelligence infrastructure, robotics, electric vehicles and advanced manufacturing.The U.S. buildout is expected to create approximately 90 to 100 skilled jobs and play an important role in strengthening domestic supply chains for rare earth magnets and critical materials in the United States.A flyover of the facility location and recent 3D Plant model can be viewed here: https://www.youtube.com/watch?v=xNmJF3Hh1Mk
About HyProMag USAHyProMag USA is developing advanced rare earth magnet recycling and manufacturing operations to establish a secure domestic U.S. supply chain for NdFeB magnets, essential components for AI infrastructure, defense systems, robotics, electric vehicles, and advanced electronics. Leveraging the revolutionary HPMS technology, developed over 15 years by the Magnetic Materials Group at the University of Birmingham with more than $100 million in R&D investment, the company delivers faster magnet-to-magnet short-loop recycling that uses 88% less energy and reduces carbon emissions by 85% compared to conventional methods. HPMS accepts a wide range of magnet-bearing feedstocks - including end-of-life EV motors, data-center, and industrial equipment, consumer electronics, and manufacturing scrap - enabling recovery of magnet-grade material without chemical processing. Selected by the U.S. Department of State as a Minerals Security Partnership project, HyProMag USA is targeting 10% of U.S. domestic magnet supply within five years, ensuring supply chain security and resilience for technologies critical to national defense and economic competitiveness.OwnershipHyProMag USA LLC is owned 50:50 by CoTec Holdings Corp. (TSXV:CTH)(OTCQX:CTHCF) ("CoTec") and HyProMag Limited. HyProMag Limited is 100% owned by Maginito Limited which is owned on a 79.4%/20.6% basis by Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) and CoTec.For more information, please visit www.hypromagusa.comAbout Mkango Resources Ltd.Mkango is listed on the AIM and the TSXV. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement ("Business Combination Agreement") with Crown PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "targeted", "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, and the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the various recycling and separation plants of Mkango and Maginito and future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.ca alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.com
@MkangoResourcesSP Angel Corporate Finance LLPNominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource CapitalJoint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/9177H&P Advisory LimitedJoint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited - Hypromag USA To Commence Preparatory Work

Mkango Resources Limited Releases Q1 2026 ResultsJune 1, 2026 2:00 AM
ACCESS NewswireCALGARY, AB / ACCESS Newswire / June 1, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango"), is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis for the 3-month period ending 31 March 2026. The reports are available under the Company's profile on SEDARplus (www.sedarplus.com) and on the Company's website (https://mkango.ca/investors/financials/).To view the Financial Statements, please click here: http://www.rns-pdf.londonstockexchange.com/rns/3316G_2-2026-5-30.pdfTo view the Management Discussion and Analysis, please click here: http://www.rns-pdf.londonstockexchange.com/rns/3316G_1-2026-5-30.pdfAbout Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof including statements regarding Mkango's corporate strategy. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill and the proposed Pulawy separation plant in Poland, the ability to secure and maintain valid mining rights, permits and licenses in respect of Songwe Hill and Pulawy, the ability to obtain feedstock for Pulawy from sources other than Songwe Hill, changes to cost of production from what is assumed, unrecognized environmental risks, unanticipated reclamation expenses, unexpected variations in throughput, grade or recovery rates, failure of plan, equipment or processes to operate as anticipated, changes to assumptions as to the availability of electrical power and the power rates used in the operating cost estimates and financial analysis, ability to maintain the social licence to operate, accidents, labour disputes and other risks of the industry, changes to interest rates, changes to tax rates, ability to secure offtake and supply agreements with the government of Poland, the potential for the owner of the land on which the proposed Pulawy plant its to be build terminating thee lease, the ability of Polska to obtain the necessary permits to construct the Pulawy plant, competition from existing and new competitors, an increase in the global supply of rare earth oxides or dumping, predatory pricing and other tactics by Mkango's competitors, the recycling plants being developed by Maginito in the UK, Germany and the US (the "Maginito Recycling Plants"), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants and Pulawy, and future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities, political and economic uncertainty in the jurisdictions in which the Company operates and the impact of the war in Iran. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.com
@MkangoResourcesSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 4530 9160/9177H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Releases Q1 2026 Results

Mkango Resources Limited Announces Filing of Registration Statement on Form F-4May 21, 2026 2:00 AM
ACCESS NewswireTHIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.Mkango Resources Ltd. Announces the Filing of Registration Statement by Mkango Rare Earths Limited on Form F-4 in Connection with Proposed Business CombinationKey HighlightsMkango Rare Earths Limited has filed a registration statement on Form F-4 with the U.S. Securities and Exchange Commission in connection with the previously announced proposed business combination with Crown PropTech Acquisitions.
 Mkango Rare Earths Limited will apply for a Nasdaq Stock Market listing, the approval of which is a condition to the closing of the proposed business combination. CALGARY, AB / ACCESS Newswire / May 21, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce that, on May 20, 2026, its wholly-owned subsidiary, Mkango Rare Earths Limited (formerly Lancaster Exploration Limited), a British Virgin Islands company ("MKAR"), filed a registration statement on Form F-4 (the "Form F-4") with the U.S. Securities and Exchange Commission (the "SEC"). The filing was made in connection with the previously disclosed proposed business combination (the "Proposed Business Combination") contemplated by the business combination agreement dated July 2, 2025 (as amended, the "Business Combination Agreement") among MKAR, certain other wholly-owned subsidiaries of Mkango, and Crown PropTech Acquisitions, a Cayman Islands exempted company (OTC: CPTKW) ("CPTK"). The Form F-4 includes a proxy statement for the meeting of CPTK shareholders and a prospectus relating to MKAR's common shares and warrants. The Proposed Business Combination was initially announced on July 3, 2025.The filing of the Form F-4 by MKAR with the SEC marks an important milestone toward the expected completion of the Proposed Business Combination. Subject to the completion of the SEC review process and satisfaction of customary closing conditions, including approval by the shareholders of CPTK, MKAR's common shares and warrants are expected to be listed on the Nasdaq Stock Market under the symbols "MKAR" and "MKARW", respectively, upon the closing of the transaction.The Form F-4 registration statement is available on EDGAR on the following hyperlink: https://www.sec.gov/ix?doc=/Archives/edgar/data/0002052373/000121390026059667/ea0271516-05.htmThe Form F-4 is also available on the SEDAR+ profile of Mkango at www.sedarplus.ca. Readers should note that the information contained in the Form F-4 has not yet been declared effective by the SEC and is subject to completion and/or amendment.The Form F-4 has not been reviewed or approved by any regulatory authority in Canada or the United Kingdom, including any securities commission in Canada, the TSX Venture Exchange, the London Stock Exchange and the Financial Conduct Authority in the United Kingdom. The TSX Venture Exchange has neither approved nor disapproved the contents of the Form F-4. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The content of the Form F-4 has not been approved by an authorised person within the meaning of the United Kingdom Financial Services and Markets Act 2000.No offer of MKAR securities to the public is being made in Canada or the United Kingdom. The Form F-4 does not constitute a prospectus for the purposes of the UK Public Offers and Admissions to Trading Regulations 2024 or under any Canadian securities laws.The Form F-4 discloses technical and scientific information and includes, as an exhibit, a technical report summary, in each case prepared in compliance with applicable requirements in Subpart 1300 of Regulation S-K under U.S. securities laws, which requirements are different from the requirements of National Instrument 43-101- Standards of Disclosure for Mineral Projects ("NI 43-101") under Canadian securities laws. Canadian readers are encouraged to review the Updated Technical Report of the Songwe Hill Rare Earth Element Project in Malawi, which was prepared in compliance with NI 43-101 and filed by Mkango on 30 April 2026, which can be located on the SEDAR+ profile of Mkango on www.sedarplus.com.Mkango also announces that MKAR and CPTK have entered into Amendment No. 2 to the Business Combination Agreement, which, among other things, amends certain definitions and provisions relating to closing and pre-closing share issuances by MKAR and to set forth the settlement of intercompany indebtedness through a debt-to-equity exchange by Mkango and MKAR as a condition to the closing of the Proposed Business Combination. A copy of Amendment No. 2 to the Business Combination Agreement can be located on the SEDAR+ profile of Mkango at www.sedarplus.ca.About Mkango Resources Ltd.Mkango is listed on AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited ("HyProMag") and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HyProMag's recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Additionally, Mkango, through its 100 per cent interest in MKAR, owns the advanced stage Songwe Hill project, a rare earths, uranium, tantalum and niobium exploration portfolio in Malawi, as well as the Pulawy separation project in Pulawy, Poland. Both the Songwe Hill and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act.Pulawy, located in a Special Economic Zone in Poland, stands adjacent to the EU's second largest manufacturer of nitrogen fertilisers, and features established infrastructure, access to reagents and utilities on site.For more information, please visit www.mkango.ca.Market Abuse Regulation (MAR) DisclosureThe information contained within this news release is deemed by Mkango to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Statement Regarding Forward-Looking StatementsAll statements other than statements of historical facts contained in this news release, including statements regarding MKAR's and Mkango's future financial position, results of operations, business strategy, and plans and objectives of their management team for future operations, are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, CPTK, Mkango, MKAR or their respective management teams' expectations concerning the ability of MKAR to utilize certain projection development financing from the U.S. Development Finance Corporation (the "DFC") to advance its activities, the provision of additional funding by the DFC, the outlook for Mkango's or MKAR's business, productivity, plans, goals for future operational improvements, capital investments, operational performance, future market conditions, economic performance, developments in the capital and credit markets, expected future financial performance, capital expenditure plans and timeline, mineral reserve and resource estimates, production and other operating results, productivity improvements, expected net proceeds, expected additional funding, the percentage of redemptions of CPTK's public shareholders, growth prospects and outlook of MKAR's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of MKAR's projects, future listing of MKAR on Nasdaq, as well as any information concerning possible or assumed future results of operations of Mkango and MKAR. Forward-looking statements also include statements regarding the expected benefits of the Proposed Business Combination. The forward-looking statements are based on the current expectations of the management teams of Mkango, MKAR, and CPTK and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the Proposed Business Combination may not be completed by CPTK's business combination deadline, or at all, and the potential failure to obtain an extension of the business combination deadline if sought by CPTK, MKAR or Mkango (iii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the approval of the Business Combination Agreement by Mkango, the shareholders of CPTK, and the TSX-V, the satisfaction of the minimum cash amount following redemptions by CPTK's public shareholders and the receipt of certain governmental and regulatory approvals, (iv) market risks, including the price of rare earth materials, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the effect of the announcement or pendency of the Proposed Business Combination on CPTK's, Mkango's or MKAR's business relationships, performance, and business generally, (vii) the outcome of any legal proceedings that may be instituted against CPTK or MKAR related to the business combination agreement or the Proposed Business Combination, (viii) failure to realize the anticipated benefits of the Proposed Business Combination, (ix) the inability of MKAR to meet the listing requirements of the Nasdaq Stock Market, or if listed, the inability of MKAR to maintain the listing of its securities on the Nasdaq Stock Market, (x) the risk that the price of MKAR securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which MKAR plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure, (xi) the inability to implement business plans, forecasts, and other expectations after the completion of the Proposed Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations, (xii) the risk that MKAR may not be able to successfully develop its assets, (xiii) the risk that MKAR will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, (xiv) the potential for geopolitical instability in Europe, the political and social risks of operating in Malawi or Poland, and geopolitical impacts on markets and tariffs, (xv) operational hazards and risks that MKAR could face, and (xvi) the risk that additional financing in connection with the Proposed Business Combination may not be raised on favorable terms, in a sufficient amount to satisfy the minimum cash amount condition to the Business Combination Agreement. The foregoing list is not exhaustive, and there may be additional risks that CPTK, Mkango, or MKAR presently do not know or that they currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this news release and the other risks and uncertainties described in CPTK's or MKAR's filings with the SEC from time to time, Mkango's filings on SEDAR+, and the risks described in the Form F-4, which include a proxy statement/prospectus. Mkango and MKAR caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this news release speak only as of the date of this news release. None of CPTK, Mkango, or MKAR undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that CPTK, Mkango, or MKAR will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed Business Combination, in CPTK's or MKAR's public filings with the SEC, which are or will be (as appropriate) accessible at www.sec.gov, or Mkango's public filings on SEDAR+, which you are advised to review carefully.Important Information for Investors and ShareholdersIn connection with the Proposed Business Combination, MKAR and CPTK have filed the Form F-4 with the SEC, which includes a preliminary proxy statement of CPTK and a preliminary prospectus of MKAR with respect to the securities to be offered in the Proposed Business Combination, and which has also been filed under Mkango's profile on SEDAR+. If the Form F-4 is declared effective by the SEC, the proxy statement/prospectus will be mailed to CPTK's shareholders. Mkango shareholders and other interested persons should read the proxy statement/prospectus, as well as other documents filed with the SEC and on SEDAR+, because these documents contain important information about the Proposed Business Combination. The proxy statement statement/prospectus can be obtained, without charge, on SEDAR+ at www.sedarplus.ca/landingpage and on the SEC's web site at www.sec.gov.Participants in the SolicitationMKAR and CPTK and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of CPTK's shareholders in connection with the Proposed Business Combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of CPTK's directors and officers in CPTK's SEC filings. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to CPTK's shareholders in connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. Information concerning the interests of MKAR's and CPTK's participants in the solicitation, which may, in some cases, be different than those of their respective equityholders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business Combination when it becomes available.No Offer or SolicitationThis news release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Proposed Business Combination. This news release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.For further information on Mkango, please contact:Mkango Resources LimitedAlexander LemonWilliam DawesPresidentChief Executive Officeralex@mkango.cawill@mkango.caUK: +44 20 7372 2744
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Montfort Communications
Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.london Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Cohen Capital
Strategic and Financial Adviser
Brandon Sun
USA: +1 929 432 1254Welsbach Corporate Solutions LLC-FZ
Supply Chain Advisor and Financial and Capital Markets Advisor
Daniel Mamadou SG:
+65 6879 7107The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to purchase, any securities in any jurisdiction, or the solicitation of any vote, consent or approval in any jurisdiction in connection with or with respect to the Proposed Business Combination, nor shall there be any sale, issuance or transfer of any securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This press release does not constitute either advice or a recommendation regarding any securities. No offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Filing of Registration Statement on Form F-4

Mkango Resources Limited Announces Agreement With Heraeus To Acquire Heraeus RemloyMay 20, 2026 2:00 AM
ACCESS NewswireLONDON, UK AND CALGARY, AB / ACCESS Newswire / May 20, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) ("Mkango" or the "Company") is pleased to announce that it has signed an asset purchase agreement with Heraeus Amloy Technologies GmbH, to acquire its Remloy rare earth magnet recycling business ("Remloy") for €8 million (US$9.4 million) in cash, of which €5 million (US$5.6 million) is payable on closing, expected within the next three months, and €3 million (US$3.5 million) payable two years after closing (the "Transaction"). The initial payment of €5 million (US$5.6 million) will be funded from Mkango's existing cash balance following its £12.5 million (US$16.8 million) equity placement, which closed on April 10, 2026. Remloy has developed a plant in Bitterfeld, Germany, which recycles end-of-life rare earth magnets via a melting process (medium loop recycling) to produce neodymium-iron-boron ("NdFeB") alloy powders for the bonded and hot deformed magnet markets, complementary to HyProMag's short loop recycling process to produce sintered magnets.HighlightsFully commissioned plant with significant investment in equipment and feedstock to date, no further major development capital expenditure required and strong operational and technical team in placeProduction test runs underway for customer samples, with first commercial sales of NdFeB alloy powder product targeted by the end of the yearVery large stockpile of rare earth magnet and alloy feedstock totalling more than 300 tonnes underpins operations and provides future trading opportunitiesComplementary product suite to HyProMag, further enhancing Mkango's one-stop-shop solution for customersPotential synergies with the Mkango group include:Enhanced platform for growth in major market for magnetic materials through the development of a further operating site in GermanySupply of end-of-life magnets from the Remloy stockpile for processing by the HyProMag groupSupply of feedstock derived from Hydrogen Processing of Magnet Scrap ("HPMS") by HyProMag to RemloyTechnical and grant funding collaboration between Mkango, Remloy, HyProMag, University of Birmingham and University of PforzheimCo-marketing of products from Mkango, HyProMag and Remloy, providing an expanded product suite to customersFuture opportunity to supply primary rare earth feedstock from Mkango's Songwe Hill project to Remloy operations for blending with recycled feedstockSignificant growth opportunities through scale-up of existing operations and bolt on opportunities for other rare earth metal and alloy process technologies such as strip castingWilliam Dawes, Chief Executive Officer of Mkango commented: "We are very pleased to announce this Transaction and look forward to working with the Remloy team and all stakeholders to grow the Remloy business within Mkango and to further develop the rare earth supply chain and ecosystem for recycling and magnet manufacturing in Germany and its neighbours. On April 28, 2026, HyProMag GmbH's production facility in Pforzheim was officially opened by senior representatives of the German Government and following this Transaction, Mkango will have two rare earth plants in Germany with the capability to provide customers with a sustainable supply of rare earth products for the sintered, bonded and hot deformed magnet markets."David Bender, Head of Remloy, commented: "I am very pleased to continue the Remloy journey together with Mkango. The Remloy team has worked hard to develop the business to this point, and the next phase will be about execution: bringing products to customers, scaling commercial activities, and leveraging synergies across the Mkango group. I am convinced that this setup provides a strong basis to further develop rare earth magnet production and recycling capabilities in Germany and Europe."Total capacity of the production facility is 500 tonnes of NdFeB alloy per year and the plant is targeting scale-up to this level of production over the next few years with minimal capital expenditure required. The assets are currently non-revenue generating and therefore no historic profits are attributable to them, given the facility is still in the start-up phase. Multiple production runs have been completed with the current focus on product optimisation, sample generation for customers and ongoing offtake discussions to support the commencement of commercial sales and targeted scale-up of operations, whilst capitalising on potential synergies with Mkango and HyProMag.The stockpile comprises more than 300 tonnes of rare earth magnets, rare earth alloys and other raw materials, which helps underpin the growth strategy. With this significant stockpile, Mkango is now very well positioned in the secondary market for magnetic materials, further enhanced by access to HPMS technology being commercialised by HyProMag, which enables cost effective and energy efficient liberation of embedded NdFeB magnets from end-of-life and production scrap streams.The Transaction is expected to close in the summer of 2026, subject to customary closing conditions and receipt of required regulatory approvals.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the ability to obtain approval by the applicable German regulatory authorities for the Transaction, the completion of required consultations relating to the transfer of Remloy being completed by Heraeus Amloy Technologies, there being no outstanding objections or refusals preventing or delaying closing, potential synergies and integration among and between Mkango, HyProMag and Remloy, the availability of (or delays in obtaining) financing to develop Songwe Hill, the recycling plants being developed by Maginito in the UK, Germany and the US, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants and Pulawy, and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 4530 9160/9177H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Montfort Communications
Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonThe TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Agreement With Heraeus To Acquire Heraeus Remloy

Mkango Resources Limited Announces Annual General and Special Meeting of ShareholdersMay 15, 2026 2:00 AM
ACCESS NewswireLONDON, UK AND VANCOUVER, BC / ACCESS Newswire / May 15, 2026 / Mkango Resources Ltd (AIM:MKA)(TSXV:MKA) (the "Company" or "Mkango"), announces that an annual general and special meeting (the "Meeting") of the holders of common shares ("Shareholders") of the Company will be held on June 5, 2026 to approve, amongst other matters, (i) amendments (the "Amendments") to the Company's amended and restated stock option plan, last approved by the Shareholders at the Company's last annual meeting held on November 12, 2025 (the "Plan"), (ii) the extension of the term of certain stock options, which were issued under the Plan to certain insiders of the Company, from 10 years to 15 years, and (iii) the waiver of oversight by the TSX Venture Exchange (the "TSXV") of actions proposed to be undertaken by Mkango Rare Earths Limited ("MKAR"), a wholly-owned subsidiary of the Company, following the completion of MKAR's proposed merger transaction with Crown Proptech Acquisitions and listing of the MKAR common shares on the Nasdaq Stock Market (the "Proposed MKAR Transaction").Amendments to Mkango's Stock Option Plan and Extension of Vesting Period of Certain OptionsThe Plan currently requires that the maximum term of the options not exceed 10 years from the date of issue. Currently, 4,693,334 options, each with an exercise price of C$0.06, will expire on June 15, 2026 and 2,175,000 options, each with an exercise price of C$0.07, will expire on October 23, 2026 (collectively, the "Options"). The directors have amended the Plan to permit the Company, subject to disinterested Shareholder approval at the Meeting and the approval of the TSX-V, to extend the term of the Options to 15 years from the date of issue (the "Extension").If the Amendments are not approved, the holders of the Options will be required to exercise the Options or let them lapse.The reasons for requesting the approval of the Extension are included in the Company's management information circular dated May 4, 2026 (the "Circular") mailed today to Shareholders and available on the Company's website at mkango.ca/investors/annual-general-meeting/ and under the Company's profile on SEDAR+ at www.sedarplus.ca/home/. Shareholders are encouraged to read the Circular prior to voting on the resolution approving the new Option Plan containing the amendments permitting the Extension.If approved by Shareholders, the Extension will constitute a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Extension will, however, be exempt from the valuation requirements in MI 61-101 under section 5.5(b) of MI 61-101. Whilst Mkango is seeking disinterested Shareholder approval for the Extension at the Meeting, this approval is not required as a result of the exemption provided in section 5.7(a) of MI 61-101.Waiver of TSX-V Oversight over Activities of MKARThe waiver of TSXV oversight over MKAR's future activities post the Proposed MKAR Transaction is being sought on the basis that on completion of the Proposed MKAR Transaction, MKAR is expected to be listed on Nasdaq and to become subject to ongoing regulation and oversight by both the U.S. Securities and Exchange Commission and Nasdaq. The Company believes that such regulation will be sufficient to protect the interests of the Company and its shareholders vis-à-vis its subsidiary MKAR and that additional regulation by the TSXV could result in delays that may adversely affect MKAR's operational flexibility. Additional information in respect of the Proposed MKAR Transaction and the approval being sought are included in the Circular, which Shareholders are encouraged to read before voting on the resolution in respect of the waiver.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSXV. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement ("Business Combination Agreement") with Crown PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking Statements
All statements other than statements of historical facts contained in this news release, including statements regarding MKAR's and Mkango's future financial position, results of operations, business strategy, and plans and objectives of their management team for future operations, as well as statements relating to the proposed amendments to the Company's stock option plan, the extension of certain stock options, the outcomes of the Meeting, the waiver of TSXV oversight and the Proposed MKAR Transaction, are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, the outlook for Mkango's business, productivity, plans, goals for future operational improvements, capital investments, operational performance, future market conditions, economic performance, developments in the capital and credit markets, expected future financial performance, capital expenditure plans and timeline, mineral reserve and resource estimates, production and other operating results, productivity improvements, expected net proceeds, expected additional funding, the percentage of redemptions of CPTK's public shareholders, growth prospects and outlook of MKAR's or Maginito's operations, individually or in the aggregate, including the future listing of MKAR on Nasdaq, as well as any information concerning possible or assumed future results of operations of Mkango and MKAR. Forward-looking statements also include statements regarding the expected benefits of the Proposed MKAR Transaction. The forward-looking statements are based on the current expectations of the respective management teams of CPTK, Mkango and MKAR, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. These forward-looking statements are based on certain assumptions, including that required shareholder, regulatory and stock exchange approvals will be obtained and that the Proposed MKAR Transaction will be completed as currently contemplated. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed MKAR Transaction may not be completed in a timely manner or at all, which may adversely affect the price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the Proposed MKAR Transaction may not be completed by CPTK's business combination deadline, or at all, and the potential failure to obtain an extension of the business combination deadline if sought by CPTK, MKAR or Mkango (iii) the failure to satisfy the conditions to the consummation of the Proposed MKAR Transaction, including the approval of the Business Combination Agreement by Mkango ,the shareholders of CPTK, and the TSX-V, the satisfaction of the minimum cash amount following redemptions by CPTK's public shareholders and the receipt of certain governmental and regulatory approvals, (iv) market risks, including the price of rare earth materials, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the effect of the announcement or pendency of the Proposed MKAR Transaction on CPTK's, Mkango's or MKAR's business relationships, performance, and business generally, (vii) the outcome of any legal proceedings that may be instituted against CPTK or MKAR related to the Business Combination Agreement or the Proposed MKAR Transaction, (viii) failure to realize the anticipated benefits of the Proposed MKAR Transaction, (ix) the inability of MKAR to meet the listing requirements of the Nasdaq Stock Market, or if listed, the inability of MKAR to maintain the listing of its securities on the Nasdaq Stock Market, (x) the risk that the price of MKAR securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which MKAR plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure, (xi) the inability to implement business plans, forecasts, and other expectations after the completion of the Proposed MKAR Transaction, identify and realize additional opportunities, and manage its growth and expanding operations, (xii) the risk that Mkango may not be able to successfully develop its assets, (xiii) the risk that Mkango will be unable to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all, (xiv) political and social risks of operating in Malawi or Poland, (xv) operational hazards and risks that Mkango could face, and (xvi) the risk that additional financing in connection with the Proposed MKAR Transaction may not be raised on favorable terms, in a sufficient amount to satisfy the minimum cash amount condition to the Business Combination Agreement. The foregoing list is not exhaustive, and there may be additional risks that CPTK, Mkango, or MKAR presently do not know or that they currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this news release and the other risks and uncertainties described in CPTK's filings with the SEC, Mkango's filings on SEDAR+, the risks to be described in a registration statement on Form F-4, which will include a proxy statement/prospectus, and those discussed and identified in filings made with the SEC by CPTK and MKAR, from time to time. Mkango caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this news release speak only as of the date of this news release. None of CPTK, Mkango, or MKAR undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that CPTK, Mkango, or MKAR will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed MKAR Transaction, in CPTK's or MKAR's public filings with the SEC, which are or will be (as appropriate) accessible at www.sec.gov, or Mkango's public filings on SEDAR+, which you are advised to review carefully.For further information on Mkango, please contact:Mkango Resources Limited
William Dawes, Alexander Lemon
Chief Executive Officer, President
will@mkango.ca alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.com
@MkangoResourcesMontfort Communications
Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
|UK: +44 20 4530 9160/9177H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Annual General and Special Meeting of Shareholders

Mkango Resources Limited Announces Year End 2025 Financial Statements and DFSMay 1, 2026 2:00 AM
ACCESS NewswireMKANGO RELEASES YEAR END 2025 FINANCIAL STATEMENTS AND FILES NI 43-101 DEFINITIVE FEASIBILITY STUDY REPORT FOR THE SONGWE HILL RARE EARTHS PROJECT IN MALAWILONDON, UK AND VANCOUVER, BC / ACCESS Newswire / May 1, 2026 / Mkango Resources Ltd (AIM:MKA)(TSXV:MKA) (the "Company" or "Mkango"), is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis ("MD&A") for the period ended 31 December 2025 and has filed on SEDAR+ a Technical Report (the "Report") prepared in compliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in relation to the Definitive Feasibility Study for the Songwe Hill Rare Earths Project in Malawi announced on 19 March 2026. The Financial Statements, MD&A and the Report are available under the Company's profile on SEDAR+ (www.sedarplus.com) and on the Company's website (https://mkango.ca/investors/financials/) (in respect of the Financial Statements and MD&A).To view the Financial Statements, please click here [http://www.rns-pdf.londonstockexchange.com/rns/7686C_1-2026-5-1.pdf]To view the Management Discussion and Analysis, please click here [http://www.rns-pdf.londonstockexchange.com/rns/7686C_2-2026-5-1.pdf]2025 HIGHLIGHTS AND RECENT MILESTONESCash position of US$3.1 million as at 31 December 2025. Subsequent to the year end, the Company raised net proceeds of £11.7 million (approximately $15.5 million) through the issuance of 37,878,788 common shares of the Company at a price per share of 33 pence (approximately $0.44).Rare Earth Magnet Recycling and Manufacturing ProjectsHyProMag Ltd (UK)First production runs of recycled neodymium iron boron ("NdFeB") alloy powder from the commercial scale Hydrogen Processing of Magnet Scrap ("HPMS") vessel at Tyseley Energy Park ("TEP") in Birmingham, UK, were announced in July 2025, with 9.2 tonnes produced to date, of which 7.4 tonnes has been shipped to customers.The TEP plant was officially opened by Chris McDonald MP, UK Minister for Industry in the Department for Energy Security and Net Zero and the Department for Business and Trade in January 2026.Evaluation is underway for a phased expansion of capacity starting next year, initially to 100-350 tpa of NdFeB alloys and magnets and subsequently to 1,000 tpa.Pre-processing of hard disk drives ("HDD") commenced at TEP utilising the recently commissioned automated pre-processing unit, developed and manufactured by Inserma Anoia S.L. ("Inserma Unit"), which provides both magnet feedstock for HPMS processing and the opportunity for automated recovery of printed circuit board assemblies as per the following video: HyProMag UK - Inserma HDD Pre-processing UnitHyProMag is engaging with multiple customers, with collaborations including Siemens AG, which has incorporated recycled NdFeB magnets produced by HyProMag into a SIMOTICS servomotor rotor recently presented at Hannover Messe 26 as follows: Hannover Messe 26 SiemensLeft: Finished coated recycled NdFeB magnets for prototype demonstrations in medical devices.Right: Mkango, HyProMag, and University of Birmingham colleagues at the opening ceremony of the magnet manufacturing facility at TEP.HyProMag GmbH (Germany)First commissioning runs of recycled NdFeB alloy powder from the commercial scale HPMS vessel at HyProMag's plant site in Pforzheim, Germany, were announced in April 2026. The site is fully permitted for production of up to 750 tonnes per annum of NdFeB magnets and alloys.The plant was officially opened by the German Federal Ministry for Economic Affairs on 28 April 2026, with the opening ceremony presided over by Stefan Rouenhoff, Parliamentary State Secretary of the Federal Ministry for Economic Affairs and Energy.On 27 April 2026, the bilateral Germany-UK Business Government Forum took place in Berlin, where Katherina Reiche, Federal Minister for Economic Affairs and Energy of Germany and The Right Honourable Peter Kyle MP, Secretary of State for Business and Trade for the United Kingdom signed a Joint Statement on cooperation on Critical Raw Materials with HyProMag featuring explicitly in the declaration as follows: Joint Statement of the Department for Business and Trade of the United Kingdom and the Federal Ministry for Economic Affairs and Energy of Germany on cooperation on Critical Raw MaterialsOnce fully commissioned, the Plant will have a minimum initial capacity of approximately 100 tonnes per annum of NdFeB increasing to up to circa 350 tonnes per annum with multiple shifts. A further expansion to a targeted 750 tonnes per annum is under evaluation.HyProMag is engaging with multiple customers for NdFeB alloy powder and magnets on an ongoing basis to support the scale-up of operations.Left: William Dawes, Chief Executive Officer, Mkango makes closing remarks at the HyProMag opening ceremony in Pforzheim.Right: Dignitaries cutting the ribbon at the HyProMag plant opening ceremony in Pforzheim.HyProMag USAA lease agreement for HyProMag USA's proposed rare-earth magnet recycling and manufacturing facility in Dallas-Fort Worth, Texas was signed in December 2025. The site, located at the Ironhead Commerce Center, Building 1, is strategically located next to critical infrastructure, including the BNSF intermodal rail link and the Alliance airport as illustrated in the following fly through video: https://www.youtube.com/watch?v=xNmJF3Hh1MkIn December 2025, HyProMag USA announced expansion of magnet capacity and completion of an updated Class 2 AACE capital cost estimate as part of Detailed Engineering Design and Value Engineering Phase activities, which confirmed materially improved project economics and valuation.US$409 million post-tax Net Present Value ("NPV") and 27.6% real internal rate of return ("IRR") based on current market pricesUS$780 million post-tax NPV and 38.7% real IRR based on forecast market pricesConcept studies for expansion of the South Carolina and Nevada hubs were announced in January 2026, which would increase total HyProMag USA magnet and alloy production from 1,552 metric tons NdFeB to 4,656 metric tons NdFeB per annum, supporting scalable U.S. manufacturing strategy and reinforcing momentum towards a planned U.S. public listing.Greater than $2 billion post-tax NPV and 38.7% real IRR for expanded developments, based on forecast market prices, support commencement of pre-feasibility studies for the expansionsHyProMag USA entered into an agreement with global electronics recycler, Intelligent Lifecycle Solutions, in July 2025 for feedstock supply and pre-processing site share in Nevada and South Carolina, with Inserma Units commissioned in South Carolina in March 2026.Upstream Rare Earths ProjectsMkango filed a Technical Report (the "Report") under NI 43-101 in relation to the Definitive Feasibility Study ("DFS") for the Songwe Hill Rare Earths Project ("Songwe" or the "Project") in Malawi, previously announced on March 19, 2026. The press release in relation to the DFS update is available to be downloaded from Mkango's website via the following link: Mkango Announces Results of Updated Feasibility Study for the Songwe Hill Rare Earths Project in Malawi. The Report is available to be downloaded from Mkango's profile on SEDARplus (https://www.sedarplus.ca).The Company's subsidiary Mkango Rare Earth Limited ("MKAR") has confidentially submitted a draft registration statement on Form F-4 to the U.S. Securities and Exchange Commission in connection with the previously announced proposed business combination with Crown PropTech Acquisitions ("CPTK"). The implied pro forma valuation of Mkango's shareholding in MKAR is $400 million, excluding the effects of MKAR's indebtedness, closing cash, transaction expenses, certain investments from CPTK's sponsor and affiliate, any net proceeds from a PIPE financing, and amounts remaining in CPTK's trust account.Results of the updated DFS for Songwe were issued in March 2026. Songwe's post-tax net present value ("NPV") is approximately $339 million, using a 10% nominal discount rate, with an internal rate of return ("IRR") of 24%, payback period of 3.4 years from start of full production and post-tax life-of-operations nominal cash flow of $1.55 billion.Results of a pre-feasibility study ("PFS") for the proposed Pulawy Rare Earths Separation Plant ("Pulawy") in Poland were issued in March 2026 alongside the Songwe DFS update. Pulawy's post-tax NPV is approximately $779 million, using a 10% nominal discount rate, with an IRR of 40%, payback period of 3.4 years from start of full production and a post-tax life-of-operations nominal cash flow of $4.95 billion.Applying Adamas Intelligence upside forecasts, Songwe's post-tax NPV increases to approximately US$489 million with a nominal IRR of 29%, payback period of 2.9 years from start of full production and post-tax life-of-operations nominal cash flow of $2.04 billion while Pulawy's expanded 100% neodymium/praseodymium ("NdPr") separation case rises to a post-tax NPV of approximately US$892 million and nominal IRR of 43%, payback period of 1.89 years from start of full production and post-tax life-of-operations nominal cash flow of $5.58 billion.MKAR entered into a Project Development Funding Agreement with the U.S. International Development Finance Corporation, to secure $4.6 million in reimbursable funding for Songwe in September 2025. The funds are expected to support the Front-End Engineering and Design (FEED) and value engineering studies.In December 2025, the now Senior Bureau Official leading the U.S. Department of State's Bureau of African Affairs, Nick Checker, visited Songwe alongside colleagues from the U.S. Embassy in Malawi and the International Finance Corporation.Left: Senior Bureau Official, Nick Checker and Mkango President, Alexander Lemon, at Songwe Hill on a site visit.Right: Songwe Hill in the background.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof including statements regarding Mkango's corporate strategy. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill and the proposed Pulawy separation plant in Poland, the ability to secure and maintain valid mining rights, permits and licenses in respect of Songwe Hill and Pulawy, the ability to obtain feedstock for Pulawy from sources other than Songwe Hill, changes to cost of production from what is assumed, unrecognized environmental risks, unanticipated reclamation expenses, unexpected variations in throughput, grade or recovery rates, failure of plan, equipment or processes to operate as anticipated, changes to assumptions as to the availability of electrical power and the power rates used in the operating cost estimates and financial analysis, ability to maintain the social licence to operate, accidents, labour disputes and other risks of the industry, changes to interest rates, changes to tax rates, ability to secure offtake and supply agreements with the government of Poland, the potential for the owner of the land on which the proposed Pulawy plant its to be build terminating thee lease, the ability of Polska to obtain the necessary permits to construct the Pulawy plant, competition from existing and new competitors, an increase in the global supply of rare earth oxides or dumping, predatory pricing and other tactics by Mkango's competitors, the recycling plants being developed by Maginito in the UK, Germany and the US (the "Maginito Recycling Plants"), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants and Pulawy, and future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities, political and economic uncertainty in the jurisdictions in which the Company operates and the impact of the war in Iran. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.ca
Canada: +1 403 444 5979
www.mkango.com
@MkangoResourcesAlexander Lemon
President
alex@mkango.caMontfort Communications
Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 4530 9160/9177H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act. Recent REO price movements have driven Nd & Pr oxide prices to levels broadly aligned with Adamas Intelligence's Q4 2025 base case pricing report for 2028 and upside case for 2030-2031, providing support for the forecast scenario.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Year End 2025 Financial Statements and DFS

Mkango Resources Limited Announces Opening of Hypromag Plant in PforzheimApril 28, 2026 2:00 AM
ACCESS NewswireGERMAN FEDERAL MINISTRY FOR ECONOMIC AFFAIRS AND ENERGY OFFICIALLY OPENS HYPROMAG PLANT IN PFORZHEIMLONDON, UK AND VANCOUVER, BC / ACCESS Newswire / April 28, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) ("Mkango") is pleased to announce that its subsidiary, HyProMag GmbH ("HyProMag") will today officially open its rare earth magnet recycling and manufacturing plant (the "Plant") in Pforzheim, Germany. The opening ceremony will be presided over by Stefan Rouenhoff, Parliamentary State Secretary of the Federal Ministry for Economic Affairs and Energy. On 27 April 2026, the bilateral Germany-UK Business Government Forum took place at the Haus der Deutschen Wirtschaft in Berlin. Katherina Reiche, Federal Minister for Economic Affairs and Energy of Germany and The Right Honourable Peter Kyle MP, Secretary of State for Business and Trade for the United Kingdom signed a Joint Statement on cooperation on Critical Raw Materials.HyProMag featured explicitly in the declaration, as a practical demonstration of both nations' commitment to diversifying supply chains, and in supporting resilient, sustainable, and responsible raw material value chains to enhance interlinkages and business collaborations. The joint declaration specifically noted HyProMag's expansion of its rare earth magnet recycling facilities to Germany and marks a major step in the de-risking of mutual supply chains, along with supporting the resilience of key industries such as automotive, as the transition to electric vehicles takes increasing effect.The Pforzheim PlantThe Plant consists of a commercial scale rare earth sintered magnet recycling and manufacturing line, underpinned by the patented Hydrogen Processing of Magnet Scrap ("HPMS") technology, developed at the University of Birmingham ("UoB") and exclusively licensed to HyProMag.The Plant site is fully permitted for production of up to 750 tonnes per annum of neodymium-iron-boron ("NdFeB") magnets and alloys.Once fully commissioned, the Plant will have a minimum initial capacity of approximately 100 tonnes per annum of NdFeB increasing to up to circa 350 tonnes per annum. A further scale-up to 750 tonnes per annum is currently under evaluation, and HyProMag GmbH is targeting a phased scale-up to this production level over the next three years.First commissioning runs of the HPMS reactor were successfully completed, with sequential commissioning of other major equipment underway, as announced on 9 April 2026: First Commissioning Runs Completed.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, the recycling plants being developed by Maginito in the UK, Germany and the US (the "Maginito Recycling Plants"), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants and Pulawy, and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesMontfort CommunicationsAnn-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonSP Angel Corporate Finance LLPNominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource CapitalJoint Broker
Alex Wood, Keith Dowsing
UK: +44 20 4530 9160/9177H&P Advisory LimitedJoint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Opening of Hypromag Plant in Pforzheim

Mkango Resources Limited - Hypromag Advances Uk Magnet ManufacturingApril 23, 2026 2:00 AM
ACCESS NewswireHYPROMAG ADVANCES UK MAGNET MANUFACTURING AND CUSTOMER COLLABORATIONSCALGARY, AB / ACCESS Newswire / April 23, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to provide an update on its subsidiary, HyProMag Ltd ("HyProMag") and the commercial scale rare earth magnet recycling and manufacturing facility at Tyseley Energy Park ("TEP"), which utilises the patented Hydrogen Processing of Magnet Scrap ("HPMS") technology, developed at the University of Birmingham ("UoB"). In parallel with continued commissioning and scale-up of the magnet manufacturing facility at TEP, HyProMag is engaging with multiple potential magnet customers, and has achieved significant technical milestones, underpinning the transition to commercial magnet production.HighlightsCustomer collaborations include Siemens AG, which has incorporated recycled NdFeB magnets produced by HyProMag into a SIMOTICS servomotor rotor presented this week at Hannover Messe 26 as follows: Hannover Messe 26 SiemensIn parallel with supply of magnet samples to multiple customers, HyProMag has produced 9.2 tonnes of recycled NdFeB alloy powder to date following commissioning of the HPMS vessel last year, of which 7.4 tonnes has been shipped to customers.Pre-processing of hard disk drives ("HDDs) has commenced, utilising the recently commissioned automated pre-processing unit at TEP, developed and manufactured by Inserma Anoia S.L., and announced on March 9th: UK Inserma CommissioningThe first full batch of HDD-derived magnet scrap feedstock is ready for HPMS processing, and processing of HDDs will be scaled up over the coming months. Printed circuit board assemblies are also being recovered by the Inserma units from the HDDs during pre-processing.Evaluation is underway for a phased expansion of TEP plant capacity starting next year, initially to 100-350 tpa of NdFeB alloys and magnets and subsequently to 1,000 tpa.Successful grant funding application under the DRIVE35 Competition will assess the 1,000 tpa scale-up through a Feasibility Study with further details to be announced in due course.In parallel, the recently announced grant funded REACT UK project targets automotive magnet grades with project partners Mkango Rare Earths UK, EMR Group, Jaguar Land Rover, Less Common Metals, and the University of Birmingham, providing a clear pathway to an expanded product suite.William Dawes, Chief Executive of Mkango commented: "HyProMag is uniquely positioned to fulfil customer requirements for recycled rare earth magnets across Europe and North America, underpinned by operations in UK, Germany and USA, longstanding expertise in magnetic materials at the University of Birmingham, extensive industry partnerships and the capability to make commercial grade magnets across a growing range of applications. The collaboration with Siemens is one example of win-win partnerships being developed by HyProMag, and we are engaging with multiple potential customers across a range of industries. Mkango aims to provide a one-stop-shop solution for primary and secondary rare earth products across the supply chain, coupled with competitive technology solutions for rare earth magnet recycling via HyProMag and Inserma."Nick Mann, Managing Director of HyProMag Ltd commented:"The HyProMag team continues to develop and grow, with increasing quantities and types of NdFeB outputs produced at the plant. It is exciting times in Birmingham as this expansion continues through 2026, allowing us to also assist the development of our sister plants in Pforzheim, Germany and Dallas Fort-Worth, USA. It was a pleasure to participate with Siemens at Hannover Messe 26 earlier in the week, and we look forward to working closely with the Siemens team as we advance our collaboration."Siemens AG CollaborationHyProMag and Siemens AG are working in close collaboration to close the loop on circularity. The companies are focused on transforming old magnets into new high-performance components for a sustainable industrial future. On 21 April 2026 at Hannover Messe 26, a SIMOTICS servomotor rotor was presented which had been manufactured by Siemens utilising recycled NdFeB magnets produced by HyProMag. These servomotors are utilised in a wide range of applications, including in robotics, tooling machines, and packing machines, where high dynamic performance, precise positioning, and speed control are essential. Left: Nick Mann, Managing Director of HyProMag (left) speaks at Hannover Messe 26 alongside Cedric Bardenhagen, Sustainability Manager, Motion Control, Siemens (centre) and Tobias Grimm, Sustainability Expert, Motion Control, Siemens (right) during the presentation of the SIMOTICS servomotor rotor produced by Siemens with HyProMag's recycled magnets.Right: Two Siemens SIMOTICS servomotor rotors, one of which was produced utilising recycled NdFeB magnets manufactured by HyProMag.Product DevelopmentHyProMag's product suite of short-loop recycled magnets continues to attract strong interest. Magnet samples have been provided to over 20 potential customers, with magnet qualification processes and offtake discussions expected to further accelerate once the remaining magnet manufacturing equipment at TEP is fully commissioned by the University of Birmingham in the coming months. In 2026, magnets produced by HyProMag have been supplied for qualification in motors, medical devices and audio products. HyProMag continues to work closely with potential customers on prototyping and the validation of magnets, with 200 pieces released from HyProMag's machining partner this month. Development work with a coating supplier of both blue zinc, and nickel-copper-nickel ("Ni-Cu-Ni") coating processes, is now approaching completion. Finished magnets have been produced from NdFeB sintered blocks, with two examples shown below. Left: Finished magnets for prototype demonstration in medical devicesRight: Finished ring-shaped magnets in both blue zinc and Ni-Cu-Ni coatingsUtilisation of the commercial scale equipment at TEP has led to an increased volume of samples sent to potential customers for demonstration, while future grade development occurs simultaneously. HyProMag continues to increase its customer offering, with advancements in blending, purification and powder processing all resulting in enhanced magnet production. Quality control on machined batches demonstrate strong consistency.NdFeB Grade Range DevelopmentGiven high customer demand for increased coercivity grades, particularly for automotive applications, HyProMag is responding by accelerating the timeline for incorporation of grain boundary diffusion ("GBD") and the blending of virgin material. Development of these capabilities aligns with future commercialisation opportunities and the wider HyProMag group roadmap. The recently announced grant-funded REACT UK project brings together a strong UK consortium led by HyProMag to recover, recycle and remanufacture NdFeB magnets from end-of-life hybrid and electric vehicles. By combining advanced recycling routes, innovative hydrogen-based processing, and the incorporation of GBD, the project aims to deliver high performance automotive magnet grades while improving sustainability, resilience, and security of supply. Above: NdFeB grades achieved (green) by HyProMag using recycled feedstock, expected grades achievable in the near-term (yellow), and future grades targeted with inclusion of GBD and virgin material blending (orange).Successful Grant FundingHyProMag was successful on two grant funding opportunities facilitated by the Advanced Propulsion Centre ("APC"). The first grant is for the REACT UK project, a Collaborative Project under the DRIVE35 R&D Competition, which aims to establish and deliver a full circular economy for NdFeB magnets used in the automotive sector. Project partners include HyProMag, Mkango Rare Earths UK, EMR Group, Jaguar Land Rover, Less Common Metals, and the University of Birmingham: HyProMag and Mkango Rare Earths UK to Collaborate in Major New Grant Funded Project.The second grant is designed to support detailed feasibility studies into the deployment of UK based manufacturing facilities for zero emission vehicle technologies and will support evaluation of scale-up of operations to 1,000 tpa at TEP. Further details will be announced as they become available.Option ExerciseMkango has received an exercise notice from a Mkango option holder to exercise 350,000 options over common shares in the Company, at a price of C$0.185 per common share. Accordingly, the Company will issue 350,000 common shares ("Option Shares") to satisfy this exercise.The Option Shares will rank pari passu with the Company's existing shares and application has been made for the Option Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Option Shares will commence at 8:00 am on or around 28 April 2026. The Option Shares will also be listed for trading on the TSX-V.In accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission, its issued and outstanding share capital will consist of 387,460,284 shares. The Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing,,the availability of (or delays in obtaining) financing to develop Songwe Hill, the recycling plants being developed by Maginito in the UK, Germany and the US (the "Maginito Recycling Plants"), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants and Pulawy, and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesMontfort Communications
Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.london SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 4530 9160/9177H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited - Hypromag Advances Uk Magnet Manufacturing

Mkango Resources Limited Announces Hypromag and Mkango Rare Earths UK to CollaborateApril 14, 2026 2:16 AM
ACCESS NewswireHYPROMAG AND MKANGO RARE EARTHS UK TO COLLABORATE IN MAJOR NEW GRANT FUNDED PROJECT TO DEVELOP RECYCLED MAGNETS FOR HIGH GRADE AUTOMOTIVE APPLICATIONSCALGARY, AB / ACCESS Newswire / April 14, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce that its subsidiaries, HyProMag Ltd ("HyProMag") and Mkango Rare Earths UK ("Mkango UK"), have been announced as a Collaborative Project winner of the DRIVE35 R&D competition, named Rare Earth Automotive Circular Technologies for the UK (the "Project" or "REACT UK"). The funding award from the UK Department for Business and Trade is facilitated via the Advanced Propulsion Centre UK ("APC") in partnership with Innovate UK.HighlightsThe Project aims to establish and deliver a full circular UK supply chain for rare earth neodymium-iron-boron ("NdFeB") magnets used in the automotive sector.The consortium comprises HyProMag (as lead partner), Mkango Rare Earths UK, EMR Group Limited, Jaguar Land Rover, Less Common Metals and The University of Birmingham.The Project will deliver automotive magnet grades by combining different recycling methods, maximising efficiency and sustainability whilst minimising cost.The total Project cost amounts to £6.5 million over 3 years of which £3.2 million or 49% will be funded by UK Government as part of the £4 billion DRIVE35 programme, delivered by the Department for Business and Trade in partnership with the APC and Innovate UK.HyProMag's portion of the Project cost totals £3.2 million of which £1.5 million will be grant funded. Mkango UK's portion of the Project cost totals £2.3 million of which £1.1 million will be grant funded.REACT UK brings together a strong UK consortium led by HyProMag to recover, recycle and remanufacture NdFeB magnets from end-of-life hybrid and electric vehicles. By combining advanced recycling routes and innovative hydrogen-based processing, the Project will deliver high performance automotive magnet grades while improving sustainability, resilience and security of supply. REACT UK is a significant step forward in supporting the UK's transition to zero emission mobility, strengthening domestic manufacturing capability, and embedding circular economy principles at scale.William Dawes, Chief Executive of HyProMag Ltd commented:"We are very excited about this innovative project and the opportunity to accelerate development of higher grade magnets for electric drive motor applications, complementing our existing portfolio of magnet grades. This Project further cements Mkango's and HyProMag's early mover advantage in the rare earth magnet recycling and manufacturing sector, highlighting its competitive position and strong network of industry and academic partners."Nick Mann, Managing Director of HyProMag Ltd commented:"This project will catalyse a UK supply of magnets for automotive drive motor applications, ensuring that cost and sustainability are maximised for different performance requirements. This is a very strong consortium and the developments through the project provide a real step change to the UK's already existing rare earth supply chain."Nielson Beddoe, Managing Director of Mkango Rare Earths UK Ltd commented:"The REACT UK project represents a key milestone in establishing a truly integrated and resilient rare earth magnet supply chain in the UK. By bringing together upstream recycling, advanced materials processing, and downstream manufacturing within a single collaborative framework, the project not only accelerates technology development, but also lays the foundation for industrial scale-up."Ian Constance, Chief Executive of the Advanced Propulsion Centrecommented:"The projects announced under this latest round of funding demonstrate the UK's determination to lead the shift to zero-emission mobility. By facilitating the UK Government's DRIVE35 grants, we are turning world-class innovation into industrial capability. With our partners in DBT and Innovate UK, we are backing manufacturers, empowering SMEs, and strengthening the UK's sovereign supply chain. This multi-million-pound support package is more than an investment in technology; it is an investment in the people, skills, and companies that will define the future of clean transport. Together, we are building the foundations of a competitive, resilient, and sustainable automotive industry."About REACT-UKThe REACT-UK (Rare Earth Automotive Circular Technologies for the UK) project aims to deliver a full circular economy for rare earth neodymium iron boron magnets in the UK automotive sector. The project will develop technologies to extract these magnets from hybrid and electric vehicle drive motors ("EMR Group Limited" or "EMR") and make the rotors suitable for downstream extraction of magnets using Hydrogen Processing of Magnet Scrap ("HPMS") developed at the University of Birmingham and exclusively licensed by HyProMag Ltd.HPMS will be used to liberate NdFeB magnets from drive motor assemblies as a demagnetised NdFeB alloy powder, which will then feed multiple nodes of the value chain. NdFeB alloy powder will be fed to Mkango UK to chemically extract neodymium, dysprosium and terbium from the alloy powder as an oxide. The oxide will be converted into metals and alloyed by Less Common Metals ("LCM"). LCM will also process HPMS NdFeB powder straight through to strip cast alloys by the direct re-melt route.The strip cast alloys produced from both these routes will be blended with HPMS NdFeB powder and then remanufactured by milling, magnetic alignment, pressing and sintering into new NdFeB magnets by HyProMag. Post sintering, the University of Birmingham ("UoB") will investigate the use of grain boundary diffusion of heavy rare earths to increase the coercivity of the magnets. The project will target a high coercivity grade of magnet used across Jaguar Land Rover ("JLR") drive motor rotors. JLR will provide information to EMR on locations for magnets on vehicles to develop a mass balance across their vehicles and provide guidance on disassembly procedures. EMR will provide a feedback loop to JLR design engineers, to facilitate future circular economy principles for magnet containing components.REACT-UK builds on previous collaborative innovation with the Project partners including Securing Critical Rare Earth Magnets for the UK Supply Chain ("SCREAM"). The SCREAM project was funded by the Driving the Electric Revolution challenge, delivered by Innovate UK for UK Research and Innovation.Tyseley Magnet Manufacturing Scale-up Feasibility StudyHyProMag was also successful on a second grant funding opportunity facilitated by the APC. The second grant is designed to support detailed feasibility studies into the deployment of UK based manufacturing facilities for zero emission vehicle technologies. Further details will be announced as they become available.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing,,the availability of (or delays in obtaining) financing to develop Songwe Hill, the recycling plants being developed by Maginito in the UK, Germany and the US (the "Maginito Recycling Plants"), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants and Pulawy, and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesMontfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 4530 9160/9177H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Hypromag and Mkango Rare Earths UK to Collaborate

Mkango Resources Limited Announces TR1 Standard Form Notification of Major HoldingsApril 13, 2026 12:35 PM
ACCESS NewswireCALGARY, AB / ACCESS Newswire / April 13, 2026 / Mkango Resources Ltd.TR-1: Standard form for notification of major holdings1. Issuer DetailsISINCA60686A4090Issuer NameMKANGO RESOURCES LTD.UK or Non-UK IssuerUK2. Reason for NotificationAn acquisition or disposal of voting rights; An acquisition or disposal of financial instruments3. Details of person subject to the notification obligationNameSpreadex LTDCity of registered office (if applicable)St. AlbansCountry of registered office (if applicable)United Kingdom4. Details of the shareholderFull name of shareholder(s) if different from the person(s) subject to the notification obligation, aboveCity of registered office (if applicable)Country of registered office (if applicable)5. Date on which the threshold was crossed or reached10-Apr-20266. Date on which Issuer notified13-Apr-20267. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8.A)% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights held in issuerResulting situation on the date on which threshold was crossed or reached0.6600002.5303003.19030012349853Position of previous notification (if applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached8A. Voting rights attached to sharesClass/Type of shares ISIN code(if possible)Number of direct voting rights (DTR5.1)Number of indirect voting rights (DTR5.2.1)% of direct voting rights (DTR5.1)% of indirect voting rights (DTR5.2.1)CA60686A40902554751 0.660000 Sub Total 8.A25547510.660000%8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))Type of financial instrumentExpiration dateExercise/conversion periodNumber of voting rights that may be acquired if the instrument is exercised/converted% of voting rightsCFD/Spread Bet 97951022.530300Sub Total 8.B1 97951022.530300%8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))Type of financial instrumentExpiration dateExercise/conversion periodPhysical or cash settlementNumber of voting rights% of voting rights Sub Total 8.B2 9. Information in relation to the person subject to the notification obligation1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.Ultimate controlling personName of controlled undertaking% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold 10. In case of proxy votingName of the proxy holderThe number and % of voting rights heldThe date until which the voting rights will be held11. Additional InformationLawson Roberts
01727 895145Spreadex is an FCA regulated provider of spread betting and CFD trading. Founded in 1999, Spreadex gives both retail and professional traders the opportunity to trade over 10,000 global markets, including UK small caps. For more information see www.spreadex.com/financials.12. Date of Completion13-Apr-202613. Place Of CompletionUnited KingdomThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces TR1 Standard Form Notification of Major Holdings

Mkango Resources Limited Announces Closing of Fundraise of £12.5 MillionApril 10, 2026 2:00 AM
ACCESS NewswireTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS, AN OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.Capitalised terms not otherwise defined in the text of this Announcement have the meanings given in the Company's proposed fundraise launch announcement released on 31 March 2026, unless otherwise specified.CALGARY, AB / ACCESS Newswire / April 10, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango") is pleased to announce that, further to its announcements on 31 March and 1 April 2026, it has successfully closed its Fundraise. £12.5 million (approximately C$23.0 million) was raised before expenses consisting of:30,909,154 new Common Shares pursuant to the Placing raising gross proceeds of approximately £10.2 million (approximately C$18.7 million);636,300 new Common Shares pursuant to the LIFE Offering raising gross proceeds of approximately £0.2 million (approximately C$0.4 million);3,030,303 new Common Shares pursuant to the Retail Offer, raising gross proceeds of approximately £1.0 million (approximately C$1.8 million); and3,303,031 new Common Shares pursuant to the Subscription, raising gross proceeds of approximately £1.1 million (approximately C$2.0 million).The Company intends to utilise the net proceeds of the Fundraise to support its growth opportunities (a potential acquisition in Germany); for capital expenditure requirements at its UK and German operations (including the required feasibility studies on the expansion of both of those plants); and working capital.Under the Fundraise, the Company issued an aggregate of 37,878,788 new Common Shares at a price per share of £0.33 (C$0.606375). Admission of the new Common Shares issued pursuant to the Fundraise has become effective on AIM and such shares have been conditionally accepted for listing on the TSX Venture Exchange, subject to fulfilment of customary closing conditions.Peel Hunt LLP ("Peel Hunt"), H&P Advisory Limited ("H&P") and Alternative Resource Capital, a trading name of Shard Capital Partners LLP ("ARC") acted as joint bookrunners in connection with the Placing (together the "Joint Bookrunners" or the "Banks"). In consideration for their services, the Joint Bookrunners will receive aggregate fees and commissions of £435,583 (C$800,384), comprising (i) a base commission of 5.0% of the gross proceeds of the Placing, (ii) a discretionary commission of up to 1.0% of the gross proceeds of the Placing. In addition, ARC will receive a corporate finance fee of £5,000 (C$9,188).Red Cloud Securities Inc. ("Red Cloud") acted as Canadian Adviser for the Placing and the LIFE Offering. In consideration for their services, Red Cloud will receive a cash commission of £10,499 (C$19,292) representing a 5.0% commission of the gross proceeds received from investors introduced by Red Cloud.JUB Capital Management LLP ("JUB") acted as Corporate Finance Adviser in respect of the Placing and the Subscription. In consideration for its services, JUB will receive a cash commission of £241,818 (C$444,341), representing a commission of 6% of the gross proceeds received from investors introduced by JUB, as well as a corporate finance fee of £10,000 (C$18,375).SP Angel Corporate Finance LLP ("SP Angel") acted as Nominated Adviser and, for their services, will receive a corporate finance fee of £10,000.RetailBook Limited ("RetailBook") provided the platform for the Retail Offer. RetailBook will receive a fee of £32,500 (C$59,719), representing a commission of 3.25% of the gross proceeds from the sale of Common Shares to investors subscribing through RetailBook.The new Common Shares issued pursuant to the Placing, the Retail Offer and the Subscription are subject to resale (hold) restrictions in Canada for a period of four months and one day from the date of issuance of such shares. Any resale of the Placing Shares, the Subscription Shares and the RetailBook Offer Shares in Canada or to a Canadian must be made in accordance with such resale restrictions or in reliance on an available exemption therefrom. The new Common Shares issued pursuant to the LIFE Offering were offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Order"), in the provinces of British Columbia, Alberta, Saskatchewan and Ontario. Pursuant to NI 45-106 and the Order, the Common Shares issued to Canadian residents under the LIFE Offering are not subject to resale restrictions. The Company relied on the exemptions in Part 5A and the Order, and was qualified to distribute shares in reliance on the exemptions included therein.Unless otherwise stated, all amounts in this Announcement are based on an exchange rate of £1:C$1.8375, being the closing exchange rate on the Bank of Canada website on 31 March 2026.TSX-V Related Party TransactionThe Company's interim CFO, Tim Slater, has participated in the Retail Offer for £150,000 (equivalent to C$275,625). As such, the participation of such officer in the Retail Offer constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and within the meaning of Policy 5.9 of the TSX-V rules.Related party transactions require the Company to obtain a formal valuation and minority shareholder approval unless exemptions from these requirements are available under applicable Canadian securities laws. With respect to the Retail Offer, the Company relied on the exemption from the formal valuation requirements in section 5.5(b) of MI 61-101, as the Company is listed on TSXV, and minority approval requirements in section 5.7(1)(a) of MI 61-101, as the fair market value of the securities distributed to, and the consideration received from, interested parties did not exceed 25% of the Company's market capitalisation. The Company did not file a material change report at least 21 days prior to the expected closing of the Retail Offer as participation of the insiders had not been confirmed at that time and the Company wishes to close on an expedited basis for business reasons.Contacts:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLPNominated Adviser
Jen Clarke, Caroline Rowe, Devik Mehta
UK: +44 20 3470 0470Peel Hunt LLPJoint Bookrunner
Ross Allister, Emily Bhasin
Sohail Akbar, Nicolas Wilks, Ambika Bose
UK: +44 (020) 7418 8900Alternative Resource CapitalJoint Bookrunner
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77H&P Advisory LimitedJoint Bookrunner
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500RetailBookLimitedMike Ward / James Deal
capitalmarkets@retailbook.com Red Cloud Securities Inc.Canadian Adviser
ecm@redcloudsecurities.comJUB Capital Management LLPCorporate Finance Adviser
Adam Dziubinski
+44 208 159 2558Montfort CommunicationsNick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 (0)20 3514 0897
mkango@montfort.londonAbout Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement ("Business Combination Agreement") with Crown PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited ("Proposed Business Combination").For more information, please visit www.mkango.caIMPORTANT NOTICESThis Announcement includes statements that are, or may be deemed to be, "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believes", "continue", "could", "estimate", "forecast", "intends", "may", "plan", "predicts", "projects", "should", "will", "potential" and other similar expressions. They appear in a number of places throughout this Announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the results of the Fundraise, the issuance of the Offer Shares, the amount to be raised pursuant to the Fundraise, the Company's prospects, growth and strategy. By their nature, forward-looking statements are subject to numerous risks and uncertainties that contribute to the possibility that predictions, forecasts and projections and other forward-looking statements will not occur, or that actual results will differ from such forward-looking statements. Such risks and uncertainties include but are not limited to: satisfaction of the conditions precedent included in the Placing Agreement and no termination rights arising thereunder, satisfaction of the conditions precedent in the Subscription Agreements, including payment of the subscription proceeds required pursuant to such agreements, stock market volatility, the risks of the ongoing war in the Middle East, the availability of (or delays in obtaining) financing to develop the recycling plants in the UK, Germany and the US, as well as Songwe Hill and the proposed separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which the Company is exploring, researching and developing, the restrictions in place whilst equipment and infrastructure is owned by the University of Birmingham, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of the Company and HyProMag, availability of scrap supplies for recycling activities, governmental regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the recycling and separation plants of the Company and HyProMag, future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, the positive results of feasibility studies on the various proposed aspects of the Company's, Maginito's and CoTec's activities, meeting conditions to DFC funding commitment for Songwe, successful completion of the transaction contemplated by the Business Combination Agreement with CPTK, agreeing the final terms of the acquisition agreement with the seller for the German magnet acquisition referred to above, obtaining the necessary regulatory approvals in Germany for such transaction and meeting the other conditions precedent to completing such transaction, general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, changes in environmental, tax and royalty legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, and ability to access sufficient capital from internal and external sources and those risk factors identified in the Company's publicly filed disclosure documents available at www.sedarplus.ca/landingpage.The forward-looking statements in this Announcement may also include financial outlooks and other forward-looking metrics relating to the Company. To the extent any forward-looking statements in this Announcement constitutes "future-oriented financial information" or "financial outlooks" within the meaning of applicable securities laws (collectively, "FOFI"), such information is being provided to demonstrate the Company's internal projections and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such FOFI. FOFI, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks and uncertainties set out above. The Company's actual financial position and results of operations may differ materially from management's current expectations and, as a result, the Company's revenue and profitability may differ materially from the revenue and profitability profiles provided in this Announcement. Such information is presented for illustrative purposes only and may not be an indication of the Company's actual financial position or results of operations.Any forward-looking statements that the Company makes in this Announcement speak only as of the date of such statement and (other than in accordance with their legal or regulatory obligations) neither the Company, nor the Joint Bookrunners nor SP Angel Corporate Finance LLP ("SP Angel") nor any of their respective associates, directors, officers or advisers shall be obliged to update or revise such statements, whether as a result of new information, future events or otherwise, except as required by law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.SP Angel, which is authorised and regulated in the United Kingdom by the FCA, is acting as Nominated Adviser exclusively for the Company and no one else in connection with the contents of this Announcement and will not regard any other person (whether or not a recipient of this Announcement) as its client in relation to the contents of this Announcement nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on SP Angel by the Financial Services and Markets Act 2000, as amended ("FSMA") or the regulatory regime established thereunder, SP Angel accepts no responsibility whatsoever, and makes no representation or warranty, express or implied, as to the contents of this Announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this Announcement, whether as to the past or the future. SP Angel accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this Announcement or any such statement. The responsibilities of SP Angel as the Company's Nominated Adviser under the AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or to any director or shareholder of the Company or any other person, in respect of its decision to acquire shares in the capital of the Company in reliance on any part of this Announcement, or otherwise.Each of the Banks are authorised and regulated in the United Kingdom by the FCA and are acting as joint bookrunners exclusively for the Company and no one else in connection with the Fundraise and will not regard any other person (whether or not a recipient of this Announcement) as its client in relation to the Fundraise or the contents of this Announcement, nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed by FSMA or the regulatory regime established thereunder, none of the Banks accept responsibility whatsoever, or make any representation or warranty, express or implied, as to the contents of this Announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this Announcement, whether as to the past or the future. Each of the Banks accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this Announcement or any such statement.The information in this Announcement, which includes certain information drawn from public sources, does not purport to be comprehensive and has not been independently verified. The content of this Announcement has not been approved by an authorised person within the meaning of the FSMA. Reliance on this Announcement for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an appropriate independent financial adviser.No offering document, prospectus, offering memorandum or admission document has been or will be prepared or submitted to be approved by any competent authority or stock exchange in any jurisdiction (including the FCA, the London Stock Exchange, the TSX-V or any Canadian securities regulatory authority) in relation to the Fundraise, Admission or listing on the TSX-V except for the Offering Document and the Amended Offering Document prepared in connection with the LIFE Offering.In connection with the Placing, the Banks may release communications to the market as to the extent to which the book is "covered". A communication that a transaction is, or that the books are, "covered" refers to the position of the order book at that time. It is not an assurance that the books will remain covered, that the transaction will take place on any terms indicated or at all, or that if the transaction does take place, the securities will be fully distributed by the Banks.This Announcement (the "Announcement") is for information purposes only and is directed only at persons whose ordinary activities involve them acquiring, holding, managing and disposing of investments (as principal or agent) for the purposes of their business and who have professional experience in matters relating to investments and are: (a) if in a member state of the European Economic Area (the "EEA"), persons who are qualified investors ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "EU Prospectus Regulation"); or (b) if in the United Kingdom, qualified investors within the meaning of paragraph 15 of schedule 1 of the Public Offers And Admissions To Trading Regulations 2024 (the "POATR"), who are also: (i) persons who fall within the definition of "investment professionals" in article 19(5) of The Financial Services And Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); (ii) persons who fall within Article 49(2)(a) to (d) of the Order; or (iii) persons to whom they may otherwise be lawfully communicated (all such persons together being referred to as "Relevant Persons").This Announcement must not be acted on or relied on (i) in any member state of the EEA, by persons who are not Qualified Investors; or (ii) in the United Kingdom, by persons who are not Relevant Persons. Any investment or investment activity to which this Announcement relates is only available to (i) in any member state of the EEA, Qualified Investors; and (ii) in the United Kingdom, Relevant Persons, and will only be engaged in with such persons.Persons distributing this Announcement must satisfy themselves that it is lawful to do so. Persons (including, without limitation, nominees and trustees) who have a contractual or other legal obligation to forward a copy of this Announcement should seek appropriate advice before taking any such action. persons into whose possession this Announcement comes are required to inform themselves about, and to observe, any such restrictions.This Announcement and the information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Hong Kong, the Republic of South Africa, Japan or any other jurisdiction in which such release, publication or distribution would be unlawful.This Announcement has been issued by and is the sole responsibility of the Company. This Announcement does not itself constitute or form part of an offer for sale or subscription of any securities in the Company in any jurisdiction including, without limitation, the United States or any other Restricted Territory. There will be no public offer of the Placing Shares in the United Kingdom, the United States, Canada any other Restricted Territory or elsewhere.The Placing Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "USSecurities Act"), or under the securities laws of, or with any securities regulatory authority of, any state or other jurisdiction of the United States, and may not be offered, sold, pledged, taken up, exercised, resold, transferred or delivered, directly or indirectly, within, into or in the United States absent registration under the US Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Placing is being made (a) outside the United States in "offshore transactions" as defined in, and pursuant to, Regulation S under the US Securities Act; and (b) in the United States only to persons reasonably believed to be "qualified institutional buyers" as defined in rule 144A of the US Securities Act pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable state securities laws.Purchasers of Placing Shares, the Retail Offer Shares and the Subscription Shares are, by purchasing the Placing Shares ,the Retail Offer Shares and the Subscription Shares, deemed to represent and warrant to the Company that they are not in Canada, are purchasing such shares with investment intent and not with a view to distribution in Canada.No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Joint Bookrunners or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.No statement in this Announcement is intended to be a profit forecast or estimate, and no statement in this Announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.This Announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside the United Kingdom.The TSX Venture Exchange has neither approved nor disapproved the contents of this Announcement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Closing of Fundraise of £12.5 Million

Mkango Resources Limited Announces First Commissioning Runs In Hypromag GermanyApril 9, 2026 2:00 AM
ACCESS NewswireCALGARY, AB / ACCESS Newswire / April 9, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce that HyProMag GmbH has completed the first commissioning runs for the commercial scale Hydrogen Processing of Magnet Scrap ("HPMS") vessel at its rare earth magnet recycling and manufacturing plant (the "Plant") located in Pforzheim, Germany. The Plant consists of a commercial scale rare earth sintered magnet recycling and manufacturing line, underpinned by the patented HPMS technology. The Plant is fully permitted for production of up to 750 tonnes per annum of neodymium-iron-boron("NdFeB") magnets and alloys, and HyProMag GmbH is targeting phased scale-up to this level over the next three years.Development of the Plant was partly funded by the European Regional Development Fund and the Ministry of Economic Affairs, Labour, and Tourism Baden-Württemberg.An opening ceremony of the Plant is scheduled for April 28, 2026 and will be presided over by the German Federal Ministry for Economic Affairs and Energy.The HPMS vessel is fundamental to the Plant, producing a high grade, recycled NdFeB alloy powder for commercial sale and to feed the downstream magnet manufacturing line.The jet mill for processing of NdFeB alloy powder for magnet manufacturing has been installed, and commissioning will be completed in the coming weeks.Other major equipment for the Plant, including the transverse alignment press and the sintering furnace for manufacturing of sintered magnet blocks, have been delivered, with installation and commissioning taking place sequentially.The expansion and upgrade of the Plant infrastructure have been completed, including the installation of gas storage facilities (gas tank and storage systems) and the power supply upgrade through a new transformer station.Once fully commissioned, the Plant will have a minimum initial capacity of approximately 100 tonnes per annum of NdFeB increasing to up to circa 350 tonnes per annum with multiple shifts. A further expansion to a targeted 750 tonnes per annum is under evaluation.HyProMag is engaging with multiple customers for NdFeB alloy powder and magnets on an ongoing basis to support the scale-up of operations.Will Dawes, Chief Executive Officer of Mkango commented: "This is a major milestone for HyProMag, creating a strong platform for further scale-up at our site in Pforzheim and beyond. We continue to evaluate complementary acquisition and organic growth opportunities in the rare earths supply chain, and see the growing rare earths ecosystem in Germany as one of the cornerstones of our growth strategy. With the rare earth magnet recycling and manufacturing plants being scaled-up and developed by HyProMag in UK and USA, and Mkango's advanced stage rare earth mining and separation projects in Malawi and Poland, we are well positioned to provide customers with a one-stop-shop solution for rare earth products across the supply chain."Nelson Brito, Managing Director of HyProMag GmbH commented: "With first commissioning of the HPMS vessel successfully completed, we are now entering the next phase of scaling operations and delivering high-quality recycled NdFeB materials to the market. This milestone represents a significant step towards strengthening Europe's strategic autonomy in rare earth supply, reducing external dependencies and supporting the objectives of EU industrial and climate policy. HyProMag is proud to contribute to building a resilient, sustainable and sovereign rare earth value chain in Europe."Carlo Burkhardt, Founding Director of HyProMag GmbH commented: "I am delighted to see the Plant progress to this stage of development, and look forward to welcoming all stakeholders and supporters of the project to the site on 28th April. We are excited for the next stages of development and optimistic we can make a real difference to the development of more robust supply chains in Europe."The NdFeB product from HPMS has a total rare-earth content (neodymium/praseodymium together with dysprosium/terbium) exceeding 28% which is analogous to the typical NdFeB alloy content specification for magnet manufacture, whilst, as a recycled product, having a significantly lower CO2 footprint relative to both primary (mined) and other recycled (chemical / long loop) NdFeB products.HPMS technology was developed by the Magnetic Materials Group at the University of Birmingham ("UoB") and is underpinned by approximately US$100 million of research and development funding. HyProMag is the exclusive licensee of HPMS technology from the UoB.HyProMag GmbH was established to commercialise HPMS technology in Germany and the European Union, to further support policy initiatives to strategically strengthen European rare earth supply chains and to accelerate the green transition. First commissioning is a major milestone in the execution of this strategy. HPMS Vessel (left) & Jet Mill (right) Installed: Transverse Alignment Press (left) & Gas storage and power supply (right) Expanded development planGlobal Recycling and Magnet Manufacturing StrategyIn parallel with development of the Plant in Germany, HyProMag is commercialising HPMS technology in the UK and the USA, and is also evaluating other jurisdictions including Japan, Canada and South Korea. In the UK, a rare earth magnet recycling and manufacturing plant has been developed at Tyseley Energy Park, Birmingham in conjunction with the University of Birmingham, with initial production underway.HyProMag USA LLC ("HyProMag USA") has completed a feasibility study for a large-scale rare earth magnet recycling and manufacturing operation in the USA, with detailed engineering work underway and first production targeted in 2027.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caMarket Abuse Regulation (MAR) DisclosureThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing,,the availability of (or delays in obtaining) financing to develop Songwe Hill, the recycling plants being developed by Maginito in the UK, Germany and the US (the "Maginito Recycling Plants"), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants and Pulawy, and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesMontfort CommunicationsNick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonSP Angel Corporate Finance LLPNominated Adviser and Joint Broker
Caroline Rowe, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource CapitalJoint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5H&P Advisory LimitedJoint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces First Commissioning Runs In Hypromag Germany

Canadian Investment Regulatory Organization Trade Resumption - MKAApril 1, 2026 9:12 AM
PR Newswire (Canada)

VANCOUVER, BC, April 1, 2026 /CNW/ - Trading resumes in:Company: Mkango Resources Ltd.TSX-Venture Symbol: MKAAll Issues: YesResumption (ET): 8:00 AMCIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Original: Canadian Investment Regulatory Organization Trade Resumption - MKA

Canadian Investment Regulatory Organization Trade Resumption - MKAApril 1, 2026 9:09 AM
PR Newswire (Canada)

VANCOUVER, BC, April 1, 2026 /CNW/ - Trading resumes in:Company: Mkango Resources Ltd.TSX-Venture Symbol: MKAAll Issues: YesResumption (ET): 8:00 AMCIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Original: Canadian Investment Regulatory Organization Trade Resumption - MKA

L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - MKAApril 1, 2026 8:48 AM
PR Newswire (Canada)

VANCOUVER, BC, le 1er avril 2026 /CNW/ - Reprise des négociations pour :Société : Mkango Resources Ltd.Symbole à la Bourse de croissance TSX : MKALes titres : OuiReprise (HE) : 08 h 00L'OCRI peut prendre la décision de suspendre (ou d'arrêter) temporairement les opérations à l'égard d'un titre d'une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d'assurer le bon fonctionnement d'un marché équitable. L'OCRI est l'organisme d'autoréglementation national qui surveille l'ensemble des courtiers en placement et l'ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.SOURCE L’Organisme canadien de règlementation des investissements (OCRI) - Arrêts/Reprises

Original: L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - MKA

Mkango Resources Limited Announces Results Of Fundraise Of £12.5 MillionApril 1, 2026 2:30 AM
ACCESS NewswireTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS, AN OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.Capitalised terms not otherwise defined in the text of this Announcement have the meanings given in the Company's proposed fundraise launch announcement released on 31 March 2026, unless otherwise specified.CALGARY, AB / ACCESS Newswire / April 1, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango") is pleased to announce the successful completion of the Fundraise announced yesterday. The Fundraise generated strong demand, was significantly oversubscribed and as a result was upsized from gross proceeds of £10 million (approximately C$18.4 million) to £12.5 million (approximately C$23.0 million).A total of 37,878,788 new Common Shares in the capital of the Company have been conditionally placed with, or subscribed for by, new and existing investors at the Placing Price of 33 pence (C$0.606375) per Common Share (the "Offer Shares"). On settlement, the Fundraise will raise gross proceeds of approximately £12.5 million (approximately C$23.0 million) for the Company before expenses consisting of:30,909,154 new Common Shares pursuant to the Placing raising gross proceeds of approximately £10.2 million (approximately C$18.7 million);636,300 new Common Shares pursuant to the LIFE Offering raising gross proceeds of approximately £0.2 million (approximately C$0.4 million);3,030,303 new Common Shares pursuant to the Retail Offer, raising gross proceeds of approximately £1.0 million (approximately C$1.8 million); and3,303,031 new Common Shares pursuant to the Subscription, raising gross proceeds of approximately £1.1 million (approximately C$2.0 million).The new Common Shares to be issued in aggregate pursuant to the Fundraise represent approximately 10.8% per cent. of the issued share capital of the Company prior to the Fundraise.The Placing was conducted by Peel Hunt LLP ("Peel Hunt"), H&P Advisory Limited ("H&P") and Alternative Resource Capital, a trading name of Shard Capital Partners LLP ("ARC"), acting together as joint bookrunners (together the "Joint Bookrunners" or the "Banks"), while Red Cloud Securities Inc. ("Red Cloud") acted as Canadian Adviser in respect of the Placing and the LIFE Offering. JUB Capital Management LLP acted as Corporate Finance Adviser in respect of introducing investors pursuant to the Placing and the Subscription.Applications will be made (a) for the Offer Shares to be admitted to trading on AIM and (b) for the Fundraise to be conditionally accepted by the TSX-V, subject to the Company satisfying all of the requirements of the TSX-V. It is currently expected that the Offer Shares will (a) be admitted to trading on AIM at 8.00 a.m. (London time) on 10 April 2026; and (b) commence trading on the TSX-V on 10 April 2026, subject to acceptance of the TSX-V.It is expected that settlement of the Offer Shares will occur on 10 April 2026 on a T+5 basis in accordance with the instructions given to the Joint Bookrunners, the terms of the Subscription Agreements, the terms of the Offering Document and the terms of the Retail Offer.The Offer Shares will, when issued, be credited as fully paid and rank pari passu in all respects with the existing issued Common Shares of the Company, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue.The Fundraise is conditional upon, among other things, the placing agreement between the Company and the Banks becoming unconditional and not being terminated in accordance with its terms, the AIM Admission becoming effective and acceptance by the TSX-V.The Company intends to utilise the net proceeds of the Fundraise as set out below to support its growth opportunities (a potential acquisition in Germany); for capital expenditure requirements at its UK and German operations (including the required feasibility studies on the expansion of both of those plants); and working capital.Description of intended use of available fundsExpected expenditureAcquisition of synergistic German magnet business£4,330,000 (C$7,956,375)Capital expenditure requirements of the German operations£3,950,000 (C$7,258,125)Capital expenditure requirements of the UK operations£2,200,000 (C$4,042,500)Working capital£2,020,000 (C$3,711,750)Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Offering Shares that may be sold in Canada under the LIFE Offering will be offered for sale to purchasers in British Columbia, Alberta, Saskatchewan and Ontario, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). New Common Shares issued under the Listed Issuer Financing Exemption will not be subject to a hold period under Canadian securities legislation. New Common Shares may also be offered for sale to purchasers outside of Canada, including but not limited to "qualified institutional buyers" in the United States, pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended. The Placing Shares, the Subscription Shares and the RetailBook Offer Shares will be subject to resale (hold) restrictions in Canada for a period of four months and one day from the date of issuance of such shares. Any resale of the Placing Shares, the Subscription Shares and the RetailBook Offer Shares in Canada or to a Canadian must be made in accordance with such resale restrictions or in reliance on an available exemption therefor.There will be an amended offering document (the "Amended Offering Document") related to the LIFE Offering in Canada that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.mkango.ca. Prospective investors in Canada should read the Amended Offering Document before making an investment decision.TSX-V Related Party TransactionThe Company's interim CFO, Tim Slater, has participated in the Retail Offer for £150,000 (equivalent to C$275,625). As such, the participation of such officer in the Retail Offer constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and within the meaning of Policy 5.9 of the TSX-V rules.Related party transactions require the Company to obtain a formal valuation and minority shareholder approval unless exemptions from these requirements are available under applicable Canadian securities laws. With respect to the Retail Offer, the Company is relying on the exemption from the formal valuation requirements in section 5.5(b) of MI 61-101, as the Company is listed on TSXV, and minority approval requirements in section 5.7(1)(a) of MI 61-101, as the fair market value of the securities distributed to, and the consideration received from, interested parties does not exceed 25% of the Company's market capitalisation. The Company did not file a material change report at least 21 days prior to the expected closing of the Retail Offer as participation of the insiders had not been confirmed at that time and the Company wished to close on an expedited basis for business reasons.William Dawes, CEO, commented:"Following strong demand from both new institutional and existing investors, we are pleased to have completed this successful, upsized fundraise. The support we have received is a clear endorsement of Mkango's strategy and the long-term opportunity across our businesses which span the whole rare earths supply chain. Importantly, this financing strengthens our balance sheet and provides us with flexibility to advance our near-term priorities, including growth initiatives in the UK, Germany and beyond. We are very conscious of the challenging market conditions, however, this result demonstrates the resilience of our business and the confidence investors continue to place in Mkango."The person responsible for arranging release of this Announcement on behalf of the Company is Alexander Lemon.Total Voting RightsIn accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission of the Offer Shares, its issued and outstanding share capital will consist of 387,110,284 shares. The Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.Unless otherwise stated, all amounts in this Announcement are based on an exchange rate of £1:C$1.8375 as set out in the Company's proposed fundraise launch Announcement released on 31 March 2026.This Announcement contains information which, prior to its publication constituted inside information for the purposes of Article 7 of the UK Market Abuse Regulation.Contacts:Mkango Resources LtdWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLPNominated Adviser
Jen Clarke, Caroline Rowe, Devik Mehta
UK: +44 20 3470 0470Peel Hunt LLPJoint Bookrunner
Ross Allister, Emily Bhasin
Sohail Akbar, Nick Wilks, Ambika Bose
UK: +44 (020) 7418 8900Alternative Resource CapitalJoint Bookrunner
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77H&P Advisory LimitedJoint Bookrunner
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500RetailBook LimitedMike Ward / James Deal
capitalmarkets@retailbook.comRed Cloud Securities Inc.Canadian Adviser
ecm@redcloudsecurities.comJUB Capital Management LLPCorporate Finance Adviser
Adam Dziubinski
+44 208 159 2558Montfort CommunicationsNick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 (0)20 3514 0897
mkango@montfort.londonAbout Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement ("Business Combination Agreement") with Crown PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited ("Proposed Business Combination").For more information, please visit www.mkango.caIMPORTANT NOTICESThis Announcement includes statements that are, or may be deemed to be, "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believes", "expects", "continue", "could", "estimate", "forecast", "intends", "may", "plan", "predicts", "projects", "should", "will" and other similar expressions. They appear in a number of places throughout this Announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the results of the Fundraise, the issuance of the Offer Shares, the amount to be raised pursuant to the Fundraise, the Company's prospects, growth and strategy. By their nature, forward-looking statements are subject to numerous risks and uncertainties that contribute to the possibility that predictions, forecasts and projections and other forward-looking statements will not occur, or that actual results will differ from such forward-looking statements. Such risks and uncertainties include but are not limited to: satisfaction of the conditions precedent included in the Placing Agreement and no termination rights arising thereunder, satisfaction of the conditions precedent in the Subscription Agreements and Investor Questionnaires to be submitted by subscribers under the LIFE Offering, including payment of the subscription proceeds required pursuant to such agreements, stock market volatility, the risks of the ongoing war in the Middle East, the availability of (or delays in obtaining) financing to develop the recycling plants in the UK, Germany and the US, as well as Songwe Hill and the proposed separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which the Company is exploring, researching and developing, the restrictions in place whilst equipment and infrastructure is owned by the University of Birmingham, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of the Company and HyProMag, availability of scrap supplies for recycling activities, governmental regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the recycling and separation plants of the Company and HyProMag, future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, the positive results of feasibility studies on the various proposed aspects of the Company's, Maginito's and CoTec's activities, meeting conditions to DFC funding commitment for Songwe, successful completion of the transaction contemplated by the Business Combination Agreement with CPTK, general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, changes in environmental, tax and royalty legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, and ability to access sufficient capital from internal and external sources and those risk factors identified in the Company's publicly filed disclosure documents available at www.sedarplus.ca/landingpage.The forward-looking statements in this Announcement may also include financial outlooks and other forward-looking metrics relating to the Company. To the extent any forward-looking statements in this Announcement constitutes "future-oriented financial information" or "financial outlooks" within the meaning of applicable securities laws (collectively, "FOFI"), such information is being provided to demonstrate the Company's internal projections and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such FOFI. FOFI, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks and uncertainties set out above. The Company's actual financial position and results of operations may differ materially from management's current expectations and, as a result, the Company's revenue and profitability may differ materially from the revenue and profitability profiles provided in this Announcement. Such information is presented for illustrative purposes only and may not be an indication of the Company's actual financial position or results of operations.Any forward-looking statements that the Company makes in this Announcement speak only as of the date of such statement and (other than in accordance with their legal or regulatory obligations) neither the Company, nor the Joint Bookrunners nor SP Angel Corporate Finance LLP ("SP Angel") nor any of their respective associates, directors, officers or advisers shall be obliged to update or revise such statements, whether as a result of new information, future events or otherwise, except as required by law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.SP Angel, which is authorised and regulated in the United Kingdom by the FCA, is acting as Nominated Adviser exclusively for the Company and no one else in connection with the contents of this Announcement and will not regard any other person (whether or not a recipient of this Announcement) as its client in relation to the contents of this Announcement nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on SP Angel by the Financial Services and Markets Act 2000, as amended ("FSMA") or the regulatory regime established thereunder, SP Angel accepts no responsibility whatsoever, and makes no representation or warranty, express or implied, as to the contents of this Announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this Announcement, whether as to the past or the future. SP Angel accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this Announcement or any such statement. The responsibilities of SP Angel as the Company's Nominated Adviser under the AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or to any director or shareholder of the Company or any other person, in respect of its decision to acquire shares in the capital of the Company in reliance on any part of this Announcement, or otherwise.Each of the Banks are authorised and regulated in the United Kingdom by the FCA and are acting as joint bookrunners exclusively for the Company and no one else in connection with the Fundraise and will not regard any other person (whether or not a recipient of this Announcement) as its client in relation to the Fundraise or the contents of this Announcement, nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed by FSMA or the regulatory regime established thereunder, none of the Banks accept responsibility whatsoever, or make any representation or warranty, express or implied, as to the contents of this Announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this Announcement, whether as to the past or the future. Each of the Banks accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this Announcement or any such statement.The information in this Announcement, which includes certain information drawn from public sources, does not purport to be comprehensive and has not been independently verified. The content of this Announcement has not been approved by an authorised person within the meaning of the FSMA. Reliance on this Announcement for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an appropriate independent financial adviser.No offering document, prospectus, offering memorandum or admission document has been or will be prepared or submitted to be approved by any competent authority or stock exchange in any jurisdiction (including the FCA, the London Stock Exchange, the TSX-V or any Canadian securities regulatory authority) in relation to the Fundraise or Admission, except for the Offering Document and the Amended Offering Document prepared in connection with the LIFE Offering.In connection with the Placing, the Banks may release communications to the market as to the extent to which the book is "covered". A communication that a transaction is, or that the books are, "covered" refers to the position of the order book at that time. It is not an assurance that the books will remain covered, that the transaction will take place on any terms indicated or at all, or that if the transaction does take place, the securities will be fully distributed by the Banks.This Announcement (the "Announcement") is for information purposes only and is directed only at persons whose ordinary activities involve them acquiring, holding, managing and disposing of investments (as principal or agent) for the purposes of their business and who have professional experience in matters relating to investments and are: (a) if in a member state of the European Economic Area (the "EEA"), persons who are qualified investors ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "EU Prospectus Regulation"); or (b) if in the United Kingdom, qualified investors within the meaning of paragraph 15 of schedule 1 of the Public Offers And Admissions To Trading Regulations 2024 (the "POATR"), who are also: (i) persons who fall within the definition of "investment professionals" in article 19(5) of The Financial Services And Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); (ii) persons who fall within Article 49(2)(a) to (d) of the Order; or (iii) persons to whom they may otherwise be lawfully communicated (all such persons together being referred to as "Relevant Persons").This Announcement must not be acted on or relied on (i) in any member state of the EEA, by persons who are not Qualified Investors; or (ii) in the United Kingdom, by persons who are not Relevant Persons. Any investment or investment activity to which this Announcement relates is only available to (i) in any member state of the EEA, Qualified Investors; and (ii) in the United Kingdom, Relevant Persons, and will only be engaged in with such persons.Persons distributing this Announcement must satisfy themselves that it is lawful to do so. Persons (including, without limitation, nominees and trustees) who have a contractual or other legal obligation to forward a copy of this Announcement should seek appropriate advice before taking any such action. persons into whose possession this Announcement comes are required to inform themselves about, and to observe, any such restrictions.This Announcement and the information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Hong Kong, the Republic of South Africa, Japan or any other jurisdiction in which such release, publication or distribution would be unlawful.This Announcement has been issued by and is the sole responsibility of the Company. This Announcement does not itself constitute or form part of an offer for sale or subscription of any securities in the Company in any jurisdiction including, without limitation, the United States or any other Restricted Territory. There will be no public offer of the Placing Shares in the United Kingdom, the United States, Canada any other Restricted Territory or elsewhere.The Offer Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "USSecurities Act"), or under the securities laws of, or with any securities regulatory authority of, any state or other jurisdiction of the United States, and may not be offered, sold, pledged, taken up, exercised, resold, transferred or delivered, directly or indirectly, within, into or in the United States absent registration under the US Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Placing is being made (a) outside the United States in "offshore transactions" as defined in, and pursuant to, Regulation S under the US Securities Act; and (b) in the United States only to persons reasonably believed to be "qualified institutional buyers" as defined in rule 144A of the US Securities Act pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable state securities laws.The Offer Shares have not been qualified for distribution by prospectus in Canada and may not be offered or sold in Canada except pursuant to a Canadian prospectus or prospectus exemption. The Placing Shares, the Subscription Share and the RetailBook Offer Shares will be subject to resale (hold) restrictions for a period of four months and one day in Canada. Any resale of the Placing Shares, the Subscription Shares and the RetailBook Offer Shares in Canada or to a Canadian must be made in accordance with such resale restrictions or in reliance on an available exemption therefor. The LIFE Offering Shares will not be subject to a hold period under Canadian securities laws as they are being issued under the Listed Issuer Financing Exemption.Purchasers of Placing Shares, Subscription Shares and RetailBook Offer Shares are, by purchasing the Placing Shares, the Subscription Shares and the RetailBook Offer Shares, deemed to represent and warrant to the Company that they are not in Canada, are purchasing the Placing Shares, the Subscription Shares and the RetailBook Offer Shares with investment intent and not with a view to distribution in Canada.No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Joint Bookrunners or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.No statement in this Announcement is intended to be a profit forecast or estimate, and no statement in this Announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.This Announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside the United Kingdom.The TSX Venture Exchange has neither approved nor disapproved the contents of this Announcement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1.Details of the person discharging managerial responsibilities/person closely associateda)Name:Tim Slater2.Reason for the notificationa)Position/status:Interim CFOb)Initial notification/Amendment:Initial notification3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)Name:Mkango Resources Ltdb)LEI:213800RPILRWRUYNTS854.Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument:
Identification code:Common shares without par value
CA60686A4090b)Nature of the transaction:Purchase of sharesc)Price(s) and volume(s):Price(s)Volume(s)33p454,545d)Aggregated information:Aggregated volume:Price:Single transaction as in 4 c) abovee)Date of the transaction:31 March 2026f)Place of the transaction:AIMThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Results Of Fundraise Of £12.5 Million

Mkango Resources Limited Announces RetailBook OfferMarch 31, 2026 12:45 PM
ACCESS NewswireTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN ANY JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENTTHIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("FSMA") AND HAS BEEN APPROVED BY RETAIL BOOK LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 994238). THIS FINANCIAL PROMOTION IS NOT INTENDED TO BE INVESTMENT ADVICE.THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF MKANGO RESOURCES LTD.NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.CALGARY, AB / ACCESS Newswire / March 31, 2026 / Mkango Resources Ltd ("Mkango" or the "Company") (AIM:MKA)(TSX-V:MKA)RetailBook OfferMkango announces a conditional retail offer of new Common Shares via RetailBook;The Issue Price for the new Common Shares is 33 pence (equivalent to C$0.606375) per new Common Share, representing a discount of approximately 14.5 per cent to the closing mid-price on AIM of the Company's existing Common Shares on 31 March 2026 being the latest practicable business day prior to publication of this Announcement;Investors can take part through RetailBook's partner network of retail brokers, wealth managers and investment platforms, (subject to such partners' participation);Applications for new Common Shares through these partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts ("GIAs");The RetailBook Offer is available to both existing shareholders and new investors in the United Kingdom;There is a minimum subscription of £250 per investor in the RetailBook Offer;No commission will be charged by RetailBook on applications to the RetailBook Offer;Brokers wishing to offer their customers access to the RetailBook Offer and future RetailBook transactions, should contact partners@retailbook.com;UK Investors that wish to receive alerts for future RetailBook transactions should sign up here: https://www.retailbook.com/investors.The RetailBook OfferMkango Resources Ltd (AIM/TSX-V:MKA), the AIM quoted and TSX-V listed rare earths magnet company, is pleased to announce a conditional retail offer of new common shares of no par value in the capital of the Company ("Common Shares") via RetailBook (the "RetailBook Offer")at an issue price of 33 pence (equivalent to C$0.606375) per new Common Share (the "Issue Price"), being a discount of approximately 14.5 per cent to the closing mid-price on AIM of the Company's existing Common Shares on 31 March 2026 being the latest practicable business day prior to publication of this Announcement. In addition to the RetailBook Offer, as announced by the Company earlier today (the "Fundraise Announcement"), the Company is also conducting a placing of new Common Shares to institutional investors by way of an accelerated bookbuilding process (the "Placing") together with the LIFE Offering and the Subscription (each as defined in the Fundraise Announcement and together with the Placing, the "Fundraise") to raise gross proceeds of approximately £10 million. For the avoidance of doubt, the RetailBook Offer is not part of the Placing, the LIFE Offering or the Subscription.The RetailBook Offer is conditional on the Placing becoming unconditional and the new Common Shares to be issued pursuant to the RetailBook Offer (the "Retail Offer Shares") and the Placing (the "Placing Shares") being admitted to trading on AIM.Admissionof the Placing Shares and the Retail Offer Shares to trading on AIM is expected to take place at 8:00 a.m. on 10 April 2026. The Fundraise is subject to conditional acceptance from the TSX-V and it is expected that the Placing Shares and the Retail Offer Shares will also commence trading on the TSX-V on 10 April 2026.The RetailBook Offer will not be completed without the Placing also being completed.The Company expects to utilise the net proceeds of the Fundraise to support its growth opportunities (a potential acquisition in Germany), capital expenditure requirements at its UK and German operations as well as for working capital purposes.Reason for the RetailBook OfferThe Company values its retail shareholder base and believes that it is in the best interests of shareholders as well as wider stakeholders, to provide retail and other interested investors in the United Kingdom the opportunity to participate in the RetailBook Offer.The RetailBook Offer is open to eligible investors resident and physically located in the United Kingdom following release of this announcement. The RetailBook Offer is expected to close at 8 p.m. on 31 March 2026 and may close earlier at the discretion of the Company or if it is oversubscribed.Investors can participate through RetailBook's partner network of investment platforms, retail brokers and wealth managers, subject to such partners' participation. More information on RetailBook's partner network can be found here.Applications for new Common Shares through participating partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as GIAs. Investors wishing to apply using their ISA, SIPP or GIA should contact their investment platform, retail broker or wealth manager for details of their terms and conditions, process and any relevant fees or charges.The new Common Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with existing Common Shares including the right to receive all dividends and other distributions declared, made or paid after their date of issue.Brokers wishing to offer their customers access to the RetailBook Offer and future RetailBook transactions, should contact partners@retailbook.com. UK Investors that wish to receive alerts for future RetailBook transactions should sign up here: https://www.retailbook.com/investors.Eligibility for the RetailBookOfferThe RetailBook Offer is available to new and existing shareholders of the Company. To be eligible to participate in the RetailBook Offer, applicants must be a customer of a participating partner.Eligible investors wishing to subscribe for new Common Shares should contact their investment platform, retail broker or wealth manager to confirm if they are participating in the RetailBook Offer.Some partners may only accept applications from existing shareholders and/or existing customers.There is a minimum subscription of £250 per investor. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges. Note, no commission will be charged to investors by RetailBook in connection with the RetailBook Offer.The Company reserves the right to scale back any order under the RetailBook Offer at its discretion. The Company reserves the right to reject any application for subscription under the RetailBook Offer without giving any reason for such rejection.It is a term of the RetailBook Offer that the aggregate value of the shares available for subscription at the Issue Price does not, unless further allocations are agreed by the Company at its discretion, exceed £1,000,000.Related Party TransactionTim Slater, interim Chief Financial Officer of the Company, being an insider, has indicated his intention to participate in the Retail Offer for approximately £150,000 (equivalent to C$ 276,000). As such, the participation of such officer in the Retail Offer will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and within the meaning of Policy 5.9 of the TSX-V rules. As a non-board director, Tim's participation does not constitute a related party transaction under AIM Rule 13.Related party transactions require the Company to obtain a formal valuation and minority shareholder approval unless exemptions from these requirements are available under applicable Canadian securities laws. With respect to the Retail Offer, the Company is relying on the exemption from the formal valuation requirements in section 5.5(b) of MI 61-101, as the Company is listed on TSXV, and minority approval requirements in section 5.7(1)(a) of MI 61-101, as the fair market value of the securities distributed to, and the consideration received from, interested parties does not exceed 25% of the Company's market capitalisation. The Company did not file a material change report at least 21 days prior to the expected closing of the Retail Offer as participation of the insiders had not been confirmed at that time and the Company wishes to close on an expedited basis for business reasons.Investors should make their own investigations into the merits of an investment in the Company. Nothing in this announcement amounts to a recommendation to invest in the Company or amounts to investment, taxation or legal advice.It should be noted that a subscription for new Common Shares and investment in the Company carries a number of risks. Investors should take independent advice from a person experienced in advising on investment in securities such as the new Common Shares if they are in any doubt.AIM is a market designed primarily for emerging or smaller companies to which a higher investment risk tends to be attached than to larger or more established companies. A prospective investor should be aware of the risks of investing in such companies and should make the decision to invest only after careful consideration and, if appropriate, consultation with an independent financial adviser.An investment in the Company will place capital at risk. The value of your investment in the Company and any income from it is not guaranteed and can go down as well as rise due to stock market and currency movements. When you sell your investment, you may get back less than the amount originally invested.Neither past performance nor any forecasts should be considered a reliable indicator of future results.This announcement should be read in its entirety. In particular, the information in the "Important Notices" section of the announcement should be read and understood.Unless otherwise stated, all amounts in this announcement are based on an exchange rate of £1:C$1.8375 based on Bank of Canada closing exchange rate on 30 March 2026).EnquiriesMkango Resources LtdWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.ca@MkangoResourcesCanada: +1 403 444 5979RetailBook Limited
Mike Ward / James Dealcapitalmarkets@retailbook.comSP Angel Corporate Finance LLP, Nominated Adviser
Jeff Keating, Jen Clarke, Caroline Rowe, Devik MehtaUK: +44 20 3470 0470Montfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickmanmkango@montfort.londonUK: +44 (0)20 3514 0897Further information on the Company can be found on its website atwww.mkango.caImportant NoticesThe contents of this announcement, which has been prepared by and is the sole responsibility of the Company, have been approved by Retail Book Limited ("RetailBook") solely for the purposes of section 21(2)(b) of FSMA.The RetailBook Offer is offered in the United Kingdom under an exemption from the requirement to publish a prospectus contained in Schedule 1 of the Public Offers and Admissions to Trading Regulations 2024 (the "POATR"). As such, there is no need for publication of a prospectus pursuant to the FCA Prospectus Rules: Admission to Trading on a Regulated Market Sourcebook (the "PRM"), or for approval of the same by the FCA. The RetailBook Offer is not being made into any jurisdiction other than the United Kingdom.No offering document, offering memorandum, prospectus or admission document has been or will be prepared or submitted to be approved by the FCA (or any other authority) in relation to the RetailBook Offer, and investors' commitments will be made solely on the basis of the information contained in this announcement and information that has been published by or on behalf of the Company prior to the date of this announcement by notification to a Regulatory Information Service in accordance with the FCA Disclosure Guidance and Transparency Rules and UK MAR.This announcement is not for publication or distribution in or into the United States. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.The new Common Shares are being o?ered and sold outside the United States in "o?shore transactions", as de?ned in, and in compliance with, Regulation S under the US Securities Act.No prospectus or offering memorandum has been prepared or filed with any securities commission or similar regulatory authority in Canada in connection with the RetailBook Offer, no securities commission or similar regulatory authority in Canada has made any finding or determination as to the merit for investment in, or made any recommendation or endorsement with respect to, the RetailBook Offer. The Common Shares offered pursuant to the RetailBook Offer have not been qualified for distribution by prospectus in Canada and may not be offered or sold in Canada except pursuant to a Canadian prospectus or prospectus exemption. Any resale of the Retail Offer Shares in Canada or to a Canadian will be subject to statutory resale (hold) restrictions in Canada for a period of four months and one day from the date of issuance of such shares. Any resale of such Common Shares must be made in accordance with such resale restrictions or in reliance on an available exemption therefor.Purchasers of Common Shares offered pursuant to the RetailBook Offer are, by purchasing such shares, deemed to represent and warrant to the Company that they are not in Canada, are purchasing such shares with investment intent and not with a view to distribution in Canada.This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into Australia, Canada, New Zealand, Japan, the Republic of South Africa, any member state of the EEA or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction.This announcement does not constitute an offer to sell or issue or a solicitation of an offer to buy or subscribe for new Common Shares in Australia, Canada, New Zealand, Japan, the Republic of South Africa, any member state of the EEA or any other jurisdiction in which such offer or solicitation is or may be unlawful. No public offer of the securities referred to herein is being made in any such jurisdiction.The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.RetailBook is a proprietary technology platform owned and operated by Retail Book Limited (registered address at 10 Queen Street Place, London EC4R 1AG). Retail Book Limited is authorised and regulated in the United Kingdom by the FCA (FRN 994238).The value of Common Shares and the income from them is not guaranteed and can fall as well as rise due to stock market movements. When you sell your investment, you may get back less than you originally invested. Figures refer to past performance and past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations.Certain statements in this announcement are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These forward-looking statements, which may use words such as "aim", "anticipate", "believe", "intend", "estimate", "expect" and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks, assumptions and uncertainties that could cause the actual results of operations, financial condition, liquidity and dividend policy and the development of the industries in which the Company's businesses operate to differ materially from the impression created by the forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given those risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements.To the extent any forward-looking statements in this announcement constitute "future-oriented financial information" or "financial outlooks" within the meaning of applicable securities laws (collectively, "FOFI"), such information is being provided to demonstrate the Company's internal projections and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such FOFI. FOFI, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks and uncertainties set out above. The Company's actual financial position and results of operations may differ materially from management's current expectations and, as a result, the Company's revenue and profitability may differ materially from the revenue and profitability profiles provided in this Announcement. Such information is presented for illustrative purposes only and may not be an indication of the Company's actual financial position or results of operations.These forward-looking statements speak only as at the date of this announcement and cannot be relied upon as a guide to future performance. The Company and RetailBook expressly disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the FCA, the London Stock Exchange, the TSX-V or applicable law.The information in this announcement is for background purposes only and does not purport to be full or complete. None of RetailBook or any of its affiliates, accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. RetailBook and its affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or its contents or otherwise arising in connection therewith.No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings or target dividend per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings or dividends per share of the Company.Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this announcement. The new Common Shares to be issued or sold pursuant to the RetailBook Offer will not be admitted to trading or listed on any stock exchange other than the London Stock Exchange and the TSX-V.No other documents or materials are incorporated into, or form part of this financial promotion and RetailBook has not carried out any verification or due diligence in respect of any such other documents.The TSX Venture Exchange has neither approved nor disapproved the contents of this Announcement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.ENDThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces RetailBook Offer

Mkango Resources Limited Announces Proposed Fundraise of Approximately £10 MillionMarch 31, 2026 12:20 PM
ACCESS NewswireTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.THIS ANNOUNCEMENT, INCLUDING THE APPENDICES TO THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.THIS ANNOUNCEMENT, INCLUDING THE APPENDICES TO THIS ANNOUNCEMENT, IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS, AN OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT AND THE APPENDICES DO NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. IN PARTICULAR, YOU SHOULD READ AND UNDERSTAND THE INFORMATION PROVIDED IN THE APPENDICES INCLUDING APPENDIX II WHICH CONTAINS THE TERMS AND CONDITIONS OF THE PLACING.PROPOSED FUNDRAISE OF APPROXIMATELY £10 MILLION VANCOUVER, BC / ACCESS Newswire / March 31, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango") is pleased to announce a proposed equity offering to raise gross proceeds of approximately £10 million (equivalent to C$18,375,000) (the "Fundraise"). The Fundraise comprises: (i) a placing to certain institutional and other investors, to be carried out by way of an accelerated bookbuild; (ii) a private placement to certain investors in Canada pursuant to the Listed Issuer Financing Exemption (under Canadian securities laws) and to "qualified institutional buyers" in the US; (iii) a separate retail offer in the UK; and (iv) a direct subscription by certain investors outside of the US and Canada. Proceeds from the Fundraise are expected to support the Company's growth opportunities (a potential acquisition in Germany); capital expenditure requirements at its UK and German operations; as well as for general corporate purposes.The Fundraise will be conducted via the issue of new common shares of no par value in the capital of the Company ("Common Shares") and consists of:a non-pre-emptive placing (the "Placing") of new Common Shares (the "Placing Shares") at price of 33 pence per Common Share (equivalent to C$0.606375) (the "Placing Price");a non-pre-emptive private placement of new Common Shares at the Placing Price (the "LIFE Offering Shares") to Canadian investors pursuant to the Listed Issuer Financing Exemption (under applicable Canadian securities laws) and to "qualified institutional buyers" in the US (the "LIFE Offering");a non-pre-emptive retail offer through Retail Book Limited ("RetailBook") for new Common Shares at the Placing Price (the "RetailBook Offer Shares") to be made on terms outlined in a separate announcement (the "Retail Offer"); anda direct subscription (the "Subscription") by certain investors outside of Canada for new Common Shares (the "Subscription Shares" and together with the Placing Shares, the LIFE Offering Shares, the RetailBook Offer Shares, the "Offer Shares") pursuant to subscription agreements to be entered into with the Company (the "Subscription Agreements").The Placing is to be conducted by way of an accelerated bookbuild process (the "Bookbuild") which will commence immediately following this Announcement and will be subject to the terms and conditions set out in Appendix I to this Announcement.There is an offering document (the "Offering Document") related to the LIFE Offering in Canada that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.mkango.ca. Prospective investors in Canada should read the Offering Document before making an investment decision.The Subscription Shares will be subscribed for on the terms of the Subscription Agreements, rather than pursuant to the terms and conditions of the Placing or the LIFE Offering. No part of the Fundraise is being underwritten.Trading of the Common Shares on the TSX Venture Exchange ("TSX-V") was halted as of 11.35 a.m. (Toronto time) today at the request of the Company, pending the release of this Announcement. The trading halt will continue on the TSX-V until 9.30 a.m. (Toronto time) on Wednesday 1 April 2026, at which time trading of the Common Shares on the TSX-V is expected to continue in the normal course during trading hours.A further announcement confirming the closing of the Bookbuild, and the number of Offer Shares to be issued pursuant to the Fundraise, is expected to be made in due course.William Dawes, CEO, commented:"With strong foundations already in place, this Fundraise marks a significant step forward in delivering our strategy to scale rare earth magnet making across our plants in the UK and Germany.We are uniquely positioned to capitalise on growing demand for sustainable, secure supplies of rare earth magnets and this funding strengthens our ability to execute on that opportunity. We look forward to delivering long-term value for shareholders while supporting the global energy transition."Rationale for the FundraiseBackgroundThe Fundraise is intended to accelerate the execution of Mkango's rare earth magnet recycling strategy across the UK and Germany, positioning the Company at the forefront of a rapidly growing and strategically critical market.The Fundraise strengthens the Company's balance sheet and positions Mkango to capitalise on increasing demand for sustainable, secure supply of rare earth magnets which is being driven by the demand from data centres, electric vehicles, renewable energy and supply chain security priorities.Intended Use of ProceedsThe Company intends to utilise the net proceeds of the Fundraise as set out below to support its growth opportunities (a potential acquisition in Germany); for capital expenditure requirements at its UK and German operations (including the required feasibility studies on the expansion of both of those plants); and working capital.Description of intended use of available fundsExpected expenditureAcquisition of synergistic German magnet business£4,330,000 (C$7,956,375)Capital expenditure requirements of the German operations£2,700,000 (C$4,961,250)Capital expenditure requirements of the UK operations£950,000 (C$1,745,625)Working capital£2,020,000 (C$3,711,750)Details of the FundraisePlacingPeel Hunt LLP ("Peel Hunt"), H & P Advisory Limited ("H&P") and Alternative Resource Capital, a trading name of Shard Capital Partners LLP ("ARC") are acting as joint bookrunners in connection with the Placing (together the "Joint Bookrunners" or the "Banks"). Red Cloud Securities Inc. ("Red Cloud") is acting as Canadian Adviser in respect of certain US investors that may participate in the Placing. JUB Capital Management LLP ("JUB") is acting as Corporate Finance Adviser to the Company in respect of introducing certain investors to participate in the Placing.The Placing is subject to the terms and conditions set out in Appendix I. The Joint Bookrunners will immediately following this announcement commence a bookbuilding process in respect of the Placing. The timing of the close of the Bookbuild, the number of Placing Shares to be placed as well as allocation of the Placing Shares will be agreed between the Joint Bookrunners and the Company following the close of the Bookbuild. The results of the Fundraise will be announced as soon as practicable following the close of the Bookbuild.LIFE OfferingConcurrent with the Placing, the Retail Offer and the Subscription, subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Offering Shares that may be sold in Canada under the LIFE Offering will be offered for sale to purchasers in British Columbia, Alberta, Saskatchewan and Ontario, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). LIFE Offering Shares issued under the Listed Issuer Financing Exemption will not be subject to a hold period under Canadian securities legislation. LIFE Offering Shares may also be offered for sale to purchasers outside of Canada, including but not limited to "qualified institutional buyers" in the United States, pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended.Red Cloud, acting as Canadian Adviser, has been engaged to find subscribers for the LIFE Offering Shares on a "best efforts" basis.Retail OfferConcurrent with the Placing, the LIFE Offering and the Subscription, there will be a separate offer by the Company on the RetailBook platform of RetailBook Offer Shares at the Placing Price to provide UK retail investors with an opportunity to participate in the Fundraise. The Retail Offer will be made on terms outlined in a separate announcement to be made shortly. For the avoidance of doubt, the Retail Offer is not part of the Placing and is the sole responsibility of the Company.SubscriptionConcurrent with the Placing, the LIFE Offering and the Retail Offer, the Company will solicit subscribers under the Subscription by way of the Subscription Agreements. JUB is acting as a Corporate Finance Adviser to the Company in connection with introducing investors outside of Canada and the US pursuant to the Subscription.Prior to launch of the Fundraise, the Company consulted with a number of its shareholders and other investors outside of Canada to gauge their feedback as to the terms of and potential participation in the Placing. The Company's Directors have concluded that the Fundraise, if completed, is in the best interests of shareholders and wider stakeholders and will promote the long-term success of the Company. The Placing is being structured through the Bookbuild to minimise execution and market risk.Application will be made (a) for the Offer Shares to be admitted to trading on AIM; and (b) for the Fundraise to be conditionally accepted by the TSX-V, subject to the Company satisfying all of the requirements of the TSX-V.Subject to completion of the Bookbuild and the Placing, the LIFE Offering, the Retail Offer, the Subscription, and receipt of TSX-V conditional acceptance, it is anticipated that admission of the Offer Shares to AIM will become effective at 8.00 a.m. (London time) and that the Offer Shares will also commence trading on the TSX-V on 10 April 2026, subject to acceptance of the TSX-V.It is expected that settlement of the Offer Shares will occur on 10 April 2026 on a T+5 basis in accordance with the instructions given to the Joint Bookrunners, the terms of the Offering Document, the terms of the Retail Offer and the terms of the Subscription Agreements.The Fundraise is conditional upon, among other things, the placing agreement between the Company and the Banks becoming unconditional and not being terminated in accordance with its terms.The Offer Shares will, when issued, be credited as fully paid and rank pari passu in all respects with the existing issued Common Shares of the Company, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue.Unless otherwise stated, all amounts in this Announcement are based on an exchange rate of £1:C$1.8375, being the closing exchange rate on the Bank of Canada website on 30 March 2026.Appendix I to this Announcement (which forms part of this Announcement) sets out further information relating to the Bookbuild and the terms and conditions of the Placing (and for the avoidance of doubt, not the LIFE Offering, the Retail Offer or the Subscription). By choosing to participate in the Placing and by making an oral or written and legally binding offer to subscribe for Placing Shares, investors will be deemed to have read and understood this Announcement in its entirety (including the Appendices) and to be making such offer on the terms and subject to the conditions in it, and to be providing the representations, warranties, agreements, confirmations, acknowledgements and undertakings contained in Appendix I.Unless otherwise indicated, capitalised terms in this Announcement have the meaning given to them in Appendix II.Other Information - Pricing and cost data for 2027The Company's pricing and cost data for 2027 for HyProMag Ltd, a UK company, HyProMag GmBH, a German company, and HyProMag USA LLC, a US company is as follows:average selling prices of US$55-65/kg (UK); US$60-70/kg (Germany) and US$56.8/kg (US);associated costs are US$30-36/kg (UK); US$30-34/kg (Germany) and US$22.3/kg (US).This data is based on (a) a Nd metal price of US$159/kg; (b) operating costs that are based on current input costs in UK and Germany (c) output volumes of 350 tonnes per annum (tpa) (UK), 750tpa (Germany) and 1,552tpa (USA); and (d) the Company's currently proposed product mix at each location.[1]The person responsible for arranging release of this Announcement on behalf of the Company is Alexander Lemon.This Announcement contains information which, prior to its publication constituted inside information for the purposes of Article 7 of the UK Market Abuse Regulation.1The principal assumptions used by the Company in preparing such data, and the assumptions as to the average selling prices, operating costs and output volumes include assumptions as to: feedstock type and prices; number of shifts worked per week (and associated shift length); product mix sales (alloy power, blocks, magnets with associated grades) gas and power costs. The material risk factors which could cause actual results to differ materially from the assumptions as to average selling prices, associated costs, output volumes and proposed product mix at each location are: significant change in Nd metal prices; an increase or decrease in operating costs; and material change in output volumes of 350 tonnes per annum (tpa) (UK), 750tpa (Germany) and 1,552tpa (USA); and a change in the Company's currently proposed product mix at each location These assumptions are "forward-looking information" within the meaning of applicable Canadian securities laws, which are based upon the Company's current internal expectations, estimates, projections, assumptions, and beliefs. This forward-looking information is made only as of the date of this news release other than the US data which is from the news release issued by Mkango on December 15, 2025 and uses pricing data as of that date. Forward-looking statements or forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements or forward-looking information.Contacts:Mkango Resources LtdWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLPNominated Adviser
Jeff Keating, Jen Clarke, Caroline Rowe, Devik Mehta
UK: +44 20 3470 0470Peel Hunt LLPJoint Bookrunner
Ross Allister, Emily Bhasin
Sohail Akbar, Nicolas Wilks, Ambika BoseUK: +44 (020) 7418 8900Alternative Resource CapitalJoint Bookrunner
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77H&P Advisory LimitedJoint Bookrunner
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Red Cloud Securities Inc.Canadian Adviser
ecm@redcloudsecurities.comJUB Capital Management LLPCorporate Finance Adviser
Adam Dziubinski
UK: +44 20 8159 2558Montfort CommunicationsNick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 (0)20 3514 0897
mkango@montfort.londonAbout Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the proposed Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement ("Business Combination Agreement") with Crown PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited ("Proposed Business Combination").For more information, please visit www.mkango.caIMPORTANT NOTICESThis Announcement includes statements that are, or may be deemed to be, "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believes", "expects", "continue", "could", "estimate", "forecast", "intends", "may", "plan", "predicts", "projects", "should", "will" and other similar expressions. They appear in a number of places throughout this Announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the assumptions as to average selling prices, associated costs, metal price, operating costs, output volumes and currently proposed product mix at each of its location, which are based upon the Company's current internal expectations, estimates, projections, assumptions, and beliefs, the results of the Fundraise, the issuance of the Offer Shares, the amount to be raised pursuant to the Fundraise, the Company's prospects, growth and strategy. By their nature, forward-looking statements are subject to numerous risks and uncertainties that contribute to the possibility that predictions, forecasts and projections and other forward-looking statements will not occur, or that actual results will differ from such forward-looking statements. Such risks and uncertainties include but are not limited to: satisfaction of the conditions precedent included in the Placing Agreement and no termination rights arising thereunder, satisfaction of the conditions precedent in the Subscription Agreements and Investor Questionnaires to be submitted by subscribers under the LIFE Offering, including payment of the subscription proceeds required pursuant to such agreements, stock market volatility, the risks of the ongoing war in the Middle East, the availability of (or delays in obtaining) financing to develop the recycling plants in the UK, Germany and the US, as well as Songwe Hill and the proposed separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which the Company is exploring, researching and developing, the restrictions in place whilst equipment and infrastructure is owned by the University of Birmingham, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of the Company and HyProMag, availability of scrap supplies for recycling activities, governmental regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the recycling and separation plants of the Company and HyProMag, future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, the positive results of feasibility studies on the various proposed aspects of the Company's, Maginito's and CoTec's activities, meeting conditions to DFC funding commitment for Songwe, successful completion of the transaction contemplated by the Business Combination Agreement with CPTK, general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, changes in environmental, tax and royalty legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, the ongoing war in the Middle East, and ability to access sufficient capital from internal and external sources and those risk factors identified in the Company's publicly filed disclosure documents available at www.sedarplus.ca/landingpage.The forward-looking statements in this Announcement may also include financial outlooks and other forward-looking metrics relating to the Company. To the extent any forward-looking statements in this Announcement constitute "future-oriented financial information" or "financial outlooks" within the meaning of applicable securities laws (collectively, "FOFI"), such information is being provided to demonstrate the Company's internal projections and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such FOFI. FOFI, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks and uncertainties set out above. The Company's actual financial position and results of operations may differ materially from management's current expectations and, as a result, the Company's revenue and profitability may differ materially from the revenue and profitability profiles provided in this Announcement. Such information is presented for illustrative purposes only and may not be an indication of the Company's actual financial position or results of operations.Any forward-looking statements that the Company makes in this Announcement speak only as of the date of such statement and (other than in accordance with their legal or regulatory obligations) neither the Company, nor the Joint Bookrunners nor SP Angel Corporate Finance LLP ("SP Angel") nor any of their respective associates, directors, officers or advisers shall be obliged to update or revise such statements, whether as a result of new information, future events or otherwise, except as required by law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.SP Angel, which is authorised and regulated in the United Kingdom by the FCA, is acting as Nominated Adviser exclusively for the Company and no one else in connection with the contents of this Announcement and will not regard any other person (whether or not a recipient of this Announcement) as its client in relation to the contents of this Announcement nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on SP Angel by the Financial Services and Markets Act 2000, as amended ("FSMA") or the regulatory regime established thereunder, SP Angel accepts no responsibility whatsoever, and makes no representation or warranty, express or implied, as to the contents of this Announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this Announcement, whether as to the past or the future. SP Angel accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this Announcement or any such statement. The responsibilities of SP Angel as the Company's Nominated Adviser under the AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or to any director or shareholder of the Company or any other person, in respect of its decision to acquire shares in the capital of the Company in reliance on any part of this Announcement, or otherwise.Each of the Banks are authorised and regulated in the United Kingdom by the FCA and are acting as joint bookrunners exclusively for the Company and no one else in connection with the Fundraise and will not regard any other person (whether or not a recipient of this Announcement) as its client in relation to the Fundraise or the contents of this Announcement, nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed by FSMA or the regulatory regime established thereunder, none of the Banks accept responsibility whatsoever, or make any representation or warranty, express or implied, as to the contents of this Announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this Announcement, whether as to the past or the future. Each of the Banks accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this Announcement or any such statement.The information in this Announcement, which includes certain information drawn from public sources, does not purport to be comprehensive and has not been independently verified. The content of this Announcement has not been approved by an authorised person within the meaning of the FSMA. Reliance on this Announcement for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an appropriate independent financial adviser.No offering document, prospectus, offering memorandum or admission document has been or will be prepared or submitted to be approved by any competent authority or stock exchange in any jurisdiction (including the FCA, the London Stock Exchange, the TSX-V or any Canadian securities regulatory authority) in relation to the Fundraise or Admission, except for the offering document prepared in connection with the LIFE Offering.In connection with the Placing, the Banks may release communications to the market as to the extent to which the book is "covered". A communication that a transaction is, or that the books are, "covered" refers to the position of the order book at that time. It is not an assurance that the books will remain covered, that the transaction will take place on any terms indicated or at all, or that if the transaction does take place, the securities will be fully distributed by the Banks.This Announcement (including the Appendices) and the Terms and Conditions set out herein (the "Announcement") are for information purposes only and are directed only at persons whose ordinary activities involve them acquiring, holding, managing and disposing of investments (as principal or agent) for the purposes of their business and who have professional experience in matters relating to investments and are: (a) if in a member state of the European Economic Area (the "EEA"), persons who are qualified investors ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "EU Prospectus Regulation"); or (b) if in the United Kingdom, qualified investors within the meaning of paragraph 15 of schedule 1 of the Public Offers and Admissions To Trading Regulations 2024 (the "POATR"), who are also: (i) persons who fall within the definition of "investment professionals" in article 19(5) of The Financial Services And Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); (ii) persons who fall within Article 49(2)(a) to (d) of the Order; or (iii) persons to whom they may otherwise be lawfully communicated (all such persons together being referred to as "Relevant Persons").This Announcement must not be acted on or relied on (i) in any member state of the EEA, by persons who are not Qualified Investors; or (ii) in the United Kingdom, by persons who are not Relevant Persons. Any investment or investment activity to which this Announcement relates is only available to (i) in any member state of the EEA, Qualified Investors; and (ii) in the United Kingdom, Relevant Persons, and will only be engaged in with such persons.Persons distributing this Announcement must satisfy themselves that it is lawful to do so. Persons (including, without limitation, nominees and trustees) who have a contractual or other legal obligation to forward a copy of this Announcement should seek appropriate advice before taking any such action. persons into whose possession this Announcement comes are required to inform themselves about, and to observe, any such restrictions.This Announcement and the information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Hong Kong, the Republic of South Africa, Japan or any other jurisdiction in which such release, publication or distribution would be unlawful.This Announcement has been issued by and is the sole responsibility of the Company. This Announcement does not itself constitute or form part of an offer for sale or subscription of any securities in the Company in any jurisdiction including, without limitation, the United States or any other Restricted Territory. There will be no public offer of the Placing Shares in the United Kingdom, the United States, Canada any other Restricted Territory or elsewhere.The Offer Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under the securities laws of, or with any securities regulatory authority of, any state or other jurisdiction of the United States, and may not be offered, sold, pledged, taken up, exercised, resold, transferred or delivered, directly or indirectly, within, into or in the United States absent registration under the US Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Fundraise is being made (a) outside the United States in "offshore transactions" as defined in, and pursuant to, Regulation S under the US Securities Act; and (b) in the United States only to persons reasonably believed to be "qualified institutional buyers" as defined in rule 144A of the US Securities Act pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable state securities laws.The Offer Shares have not been qualified for distribution by prospectus in Canada and may not be offered or sold in Canada except pursuant to a Canadian prospectus or prospectus exemption. The Placing Shares, the Subscription Shares and the RetailBook Offer Shares will be subject to resale (hold) restrictions in Canada for a period of four months and one day from the date of issuance of such shares. Any resale of the Placing Shares, the Subscription Shares and the RetailBook Offer Shares in Canada or to a Canadian must be made in accordance with such resale restrictions or in reliance on an available exemption therefor. The LIFE Offering Shares will not be subject to a hold period under Canadian securities laws as they are being issued under the Listed Issuer Financing Exemption.Purchasers of Placing Shares and Subscription Shares are, by purchasing the Placing Shares and the Subscription Shares, deemed to represent and warrant to the Company that they are not in Canada, are purchasing the Placing Shares and the Subscription Shares with investment intent and not with a view to distribution in Canada.No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Joint Bookrunners or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.No statement in this Announcement is intended to be a profit forecast or estimate, and no statement in this Announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.This Announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside the United Kingdom.Information to DistributorsSolely for the purposes of the product governance requirements contained within: (a) (i) EU Directive 2014/65/EU on markets in financial instruments, as amended, ("MiFID II"); (ii) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (iii) local implementing measures (together, the "MiFID II Product Governance Requirements"); and (b) the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK Product Governance Requirements" and, together with the MiFID II Product Governance Requirements, the "Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the Product Governance Requirements) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that such Placing Shares are: (a) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II or the FCA Handbook Conduct of Business Sourcebook ("COBS") (as applicable); and (b) eligible for distribution through all distribution channels as are permitted distribution by MiFID II or the FCA Handbook Product Intervention and Product Governance Sourcebook (as applicable) (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, Distributors (for the purposes of the Product Governance Requirements) should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Banks will only procure investors who meet the criteria of professional clients and eligible counterparties.For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II or the COBS; or (b) a recommendation to any investor or group of investors to invest in, or purchase or take any other action whatsoever with respect to the Placing Shares.Each distributor is responsible for undertaking its own target market assessment in respect of the Placing Shares and determining appropriate distribution channels.APPENDIX ITERMS AND CONDITIONS OF THE PLACING FOR INVITED PLACEES ONLYMEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING.THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE TERMS AND CONDITIONS SET OUT HEREIN (THE "ANNOUNCEMENT") ARE FOR INFORMATION PURPOSES ONLY AND ARE DIRECTED ONLY AT PERSONS WHOSE ORDINARY ACTIVITIES INVOLVE THEM ACQUIRING, HOLDING, MANAGING AND DISPOSING OF INVESTMENTS (AS PRINCIPAL OR AGENT) FOR THE PURPOSES OF THEIR BUSINESS AND WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS AND ARE: (A) IF IN A MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (THE "EEA"), PERSONS WHO ARE QUALIFIED INVESTORS ("QUALIFIED INVESTORS") WITHIN THE MEANING OF ARTICLE 2(E) OF REGULATION (EU) 2017/1129 (THE "EU PROSPECTUS REGULATION"); OR (B) IF IN THE UNITED KINGDOM, QUALIFIED INVESTORS WITHIN THE MEANING OF PARAGRAPH 15 OF SCHEDULE 1 OF THE PUBLIC OFFERS AND ADMISSIONS TO TRADING REGULATIONS 2024 (THE "POATR"), WHO ARE ALSO: (I) PERSONS WHO FALL WITHIN THE DEFINITION OF "INVESTMENT PROFESSIONALS" IN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER"); (II) PERSONS WHO FALL WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER; OR (III) PERSONS TO WHOM THEY MAY OTHERWISE BE LAWFULLY COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS").THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON (I) IN ANY MEMBER STATE OF THE EEA, BY PERSONS WHO ARE NOT QUALIFIED INVESTORS; OR (II) IN THE UNITED KINGDOM, BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS ONLY AVAILABLE TO (I) IN ANY MEMBER STATE OF THE EEA, QUALIFIED INVESTORS; AND (II) IN THE UNITED KINGDOM, RELEVANT PERSONS, AND WILL ONLY BE ENGAGED IN WITH SUCH PERSONS.PERSONS DISTRIBUTING THIS ANNOUNCEMENT MUST SATISFY THEMSELVES THAT IT IS LAWFUL TO DO SO. PERSONS (INCLUDING, WITHOUT LIMITATION, NOMINEES AND TRUSTEES) WHO HAVE A CONTRACTUAL OR OTHER LEGAL OBLIGATION TO FORWARD A COPY OF THIS ANNOUNCEMENT SHOULD SEEK APPROPRIATE ADVICE BEFORE TAKING ANY SUCH ACTION. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS.THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.THIS ANNOUNCEMENT DOES NOT ITSELF CONSTITUTE OR FORM PART OF AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY IN ANY JURISDICTION INCLUDING, WITHOUT LIMITATION, THE UNITED STATES OR ANY OTHER RESTRICTED TERRITORY (AS DEFINED BELOW). THERE WILL BE NO PUBLIC OFFER OF THE PLACING SHARES IN THE UNITED KINGDOM, THE UNITED STATES, ANY OTHER RESTRICTED TERRITORY OR ELSEWHERE.THE OFFER SHARES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "USSECURITIES ACT"), OR UNDER THE SECURITIES LAWS OF, OR WITH ANY SECURITIES REGULATORY AUTHORITY OF, ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES, AND MAY NOT BE OFFERED, SOLD, PLEDGED, TAKEN UP, EXERCISED, RESOLD, TRANSFERRED OR DELIVERED, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES ABSENT REGISTRATION UNDER THE US SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE US SECURITIES ACT AND IN COMPLIANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES. THE FUNDRAISE IS BEING MADE (A) OUTSIDE THE UNITED STATES IN "OFFSHORE TRANSACTIONS" AS DEFINED IN, AND PURSUANT TO, REGULATION S UNDER THE US SECURITIES ACT; AND (B) IN THE UNITED STATES ONLY TO PERSONS REASONABLY BELIEVED TO BE "QUALIFIED INSTITUTIONAL BUYERS" AS DEFINED IN RULE 144A OF THE US SECURITIES ACT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE US SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.NO PROSPECTUS OR OFFERING MEMORANDUM HAS BEEN PREPARED OR FILED WITH ANY SECURITIES COMMISSION OR SIMILAR REGULATORY AUTHORITY IN CANADA IN CONNECTION WITH THE PLACING, NO SECURITIES COMMISSION OR SIMILAR REGULATORY AUTHORITY IN CANADA HAS MADE ANY FINDING OR DETERMINATION AS TO THE MERIT FOR INVESTMENT IN, OR MADE ANY RECOMMENDATION OR ENDORSEMENT WITH RESPECT TO, THE PLACING. ANY SECURITIES OFFERED IN CONNECTION WITH THE PLACING MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN CANADA. PURCHASERS OF ANY PLACING SHARES ARE ADVISED TO SEEK LEGAL ADVICE PRIOR TO ANY RESALE OF THE COMPANY'S SECURITIES.NO PLACEMENT DOCUMENT, PROSPECTUS, PRODUCT DISCLOSURE STATEMENT OR OTHER DISCLOSURE DOCUMENT HAS BEEN LODGED WITH THE AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ("ASIC") IN RELATION TO THE PLACING. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS, PRODUCT DISCLOSURE STATEMENT OR OTHER DISCLOSURE DOCUMENT UNDER THE CORPORATIONS ACT 2001 (THE "CORPORATIONS ACT") AND DOES NOT PURPORT TO INCLUDE THE INFORMATION REQUIRED FOR A PROSPECTUS, PRODUCT DISCLOSURE STATEMENT OR OTHER DISCLOSURE DOCUMENT UNDER THE CORPORATIONS ACT. ANY OFFER IN AUSTRALIA OF THE PLACING SHARES MAY ONLY BE MADE TO PERSONS WHO ARE "SOPHISTICATED INVESTORS" (WITHIN THE MEANING OF SECTION 708(8) OF THE CORPORATIONS ACT), "PROFESSIONAL INVESTORS" (WITHIN THE MEANING OF SECTION 708(11) OF THE CORPORATIONS ACT) OR OTHERWISE PURSUANT TO ONE OR MORE EXEMPTIONS CONTAINED IN SECTION 708 OF THE CORPORATIONS ACT SO THAT IT IS LAWFUL TO OFFER THE PLACING SHARES WITHOUT DISCLOSURE TO INVESTORS UNDER CHAPTER 6D OF THE CORPORATIONS ACT (TOGETHER, THE "EXEMPT INVESTORS"). THE PLACING SHARES MAY NOT BE OFFERED FOR SALE IN AUSTRALIA IN THE PERIOD OF 12 MONTHS AFTER THE DATE OF ALLOTMENT UNDER THE PLACING, EXCEPT IN CIRCUMSTANCES WHERE DISCLOSURE TO INVESTORS UNDER CHAPTER 6D OF THE CORPORATIONS ACT WOULD NOT BE REQUIRED PURSUANT TO AN EXEMPTION UNDER SECTION 708 OF THE CORPORATIONS ACT OR OTHERWISE OR WHERE THE OFFER IS PURSUANT TO A DISCLOSURE DOCUMENT WHICH COMPLIES WITH CHAPTER 6D OF THE CORPORATIONS ACT. ANY PERSON ACQUIRING PLACING SHARES MUST OBSERVE SUCH AUSTRALIAN ON-SALE RESTRICTIONS.THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AUTHORISED BY THE HONG KONG SECURITIES AND FUTURES COMMISSION. THIS ANNOUNCEMENT HAS NOT BEEN REVIEWED OR APPROVED BY ANY REGULATORY AUTHORITY IN HONG KONG. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO THE PUBLIC IN HONG KONG TO ACQUIRE THE PLACING SHARES. ACCORDINGLY, UNLESS PERMITTED BY THE SECURITIES LAWS OF HONG KONG, NO PERSON MAY ISSUE OR HAVE IN ITS POSSESSION FOR THE PURPOSES OF ISSUE, THIS ANNOUNCEMENT OR ANY ADVERTISEMENT, INVITATION OR DOCUMENT RELATING TO THE PLACING SHARES, WHETHER IN HONG KONG OR ELSEWHERE, WHICH IS DIRECTED AT, OR THE CONTENTS OF WHICH ARE LIKELY TO BE ACCESSED OR READ BY, THE PUBLIC IN HONG KONG OTHER THAN IN RELATION TO THE PLACING SHARES THAT ARE INTENDED TO BE DISPOSED OF ONLY TO PERSONS OUTSIDE HONG KONG OR ONLY TO "PROFESSIONAL INVESTORS" (AS SUCH TERM IS DEFINED IN THE SECURITIES AND FUTURES ORDINANCE OF HONG KONG (CAP. 571, LAWS OF HONG KONG) AND THE SUBSIDIARY LEGISLATION MADE THEREUNDER) ("HK PROFESSIONAL INVESTOR").THE OFFER OF THE PLACING SHARES IS PERSONAL TO THE PERSONS WHO ARE INVITED TO AND WHO CHOOSE TO PARTICIPATE IN THE PLACING BY OR ON BEHALF OF THE COMPANY, AND A SUBSCRIPTION FOR THE PLACING SHARES WILL ONLY BE ACCEPTED FROM SUCH PERSON. NO PERSON TO WHOM A COPY OF THIS ANNOUNCEMENT IS ISSUED MAY CIRCULATE OR DISTRIBUTE THIS ANNOUNCEMENT IN HONG KONG OR MAKE OR GIVE A COPY OF THIS ANNOUNCEMENT TO ANY OTHER PERSON.IN SINGAPORE, THE PLACING SHARES ARE BEING OFFERED ONLY TO (I) INSTITUTIONAL INVESTORS (AS DEFINED IN SECTION 274 OF THE SECURITIES AND FUTURES ACT, 2001 OF SINGAPORE (AS MODIFIED OR AMENDED FROM TIME TO TIME) (THE "SFA")); AND (II) RELEVANT PERSONS PURSUANT TO SECTION 275(1) OF THE SFA, OR PERSONS PURSUANT TO SECTION 275(1A), AND IN ACCORDANCE WITH THE CONDITIONS SPECIFIED IN SECTIONS 275 AND 276 OF THE SFA.THE PLACING SHARES, THE SUBSCRIPTION SHARES AND THE RETAILBOOK OFFER SHARES ARE SUBJECT TO A FOUR-MONTH AND ONE DAY HOLD PERIOD FROM THE DATE OF ISSUE PURSUANT TO WHICH THEY MAY NOT BE SOLD IN, OR TO CANADA, OTHER THAN PURSUANT TO A PROSPECTUS OR A PROSPECTUS EXEMPTION UNDER APPLICABLE CANADIAN SECURITIES LAWS. EVERY PERSON ACQUIRING SUCH SHARES MUST OBSERVE SUCH CANADIAN ON-SALE RESTRICTIONS.EACH PLACEE IS ADVISED TO EXERCISE CAUTION IN RELATION TO THE OFFER. EACH PLACEE SHOULD CONSULT WITH ITS OWN ADVISERS AS TO LEGAL, TAX, BUSINESS AND RELATED ASPECTS OF AN ACQUISITION OF PLACING SHARES.Defined terms used in this Appendix are set out in Appendix II.This Announcement, and the information contained herein, is restricted and is not for release, publication or distribution, in whole or in part, directly or indirectly, to persons in or into the United States, Australia, Japan, the Republic of South Africa, Hong Kong or any other jurisdiction in which the release, publication or distribution of this Announcement and/or an offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, the Placing Shares is unlawful (each a "Restricted Territory"). The release, publication or distribution of this Announcement and the Placing and/or the offer or sale of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company, H&P Advisory Limited ("H&P"), Peel Hunt LLP ("Peel Hunt") and Alternative Resource Capital, a trading name of Shard Capital Partners LLP ("ARC") , together , the "Joint Bookrunners" or the "Banks") or any of their respective Affiliates or any of its or their respective agents, directors, officers or employees (collectively "Representatives") which would permit an offer of the Placing Shares or possession or distribution of this Announcement or any other offering or publicity material relating to such Placing Shares in any jurisdiction where action for that purpose is required.Any offers of the Placing Shares in the EEA or the United Kingdom will be made pursuant to an exemption under the EU Prospectus Regulation or the POATR, as applicable, from the requirement to produce a prospectus.The Placing has not been approved and will not be approved or disapproved by the US Securities and Exchange Commission, any state securities commission in the United States or any other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the Placing or the accuracy or adequacy of this Announcement. Any representation to the contrary is unlawful.Subject to certain exceptions, the securities referred to in this Announcement may not be offered or sold in any Restricted Territory or to, or for the account or benefit of, a citizen or resident, or a corporation, partnership or other entity created or organised in or under the laws of a Restricted Territory.This Announcement has been issued by, and is the sole responsibility of, the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by any Bank, any of its Affiliates, any of its or their respective Representatives or any person acting on behalf of any of them as to or in relation to, the accuracy, completeness or sufficiency of this Announcement or any other written or oral information made available to or publicly available to any party or its advisers, and any liability therefore is expressly disclaimed.Each Bank is acting exclusively for the Company and no-one else in connection with the Placing and is not, and will not be, responsible to anyone (including the Placees) other than the Company for providing the protections afforded to its clients nor for providing advice in relation to the Placing and/or any other matter referred to in this Announcement.None of the Company nor any Bank nor any of their respective Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them makes any representation or warranty, express or implied, to any Placees regarding any investment in the securities referred to in this Announcement under the laws applicable to such Placees. Each Placee should consult with its own advisers as to legal, tax, business, financial and related aspects of an investment in the Placing Shares.Persons who are invited to and who choose to participate in the Placing (and any person acting on such person's behalf) by making an oral or written offer to subscribe for Placing Shares, including any individuals, funds or others on whose behalf a commitment to subscribe for Placing Shares is given (the "Placees") will (i) be deemed to have read and understood this Announcement in its entirety; and (ii) be participating and making such offer and subscribing for Placing Shares on the terms and conditions contained in this Appendix (the "Terms and Conditions"), including being deemed to be providing (and shall only be permitted to participate in the Placing on the basis that they have provided) the representations, warranties, undertakings, agreements, acknowledgments, confirmations and indemnities contained in this Appendix.In particular, each such Placee represents, warrants, undertakes, agrees and acknowledges that:1. it will subscribe for, hold, manage or dispose of any Placing Shares that are allocated to it for the purposes of its business;2. if it is in a member state of the EEA, it is a Qualified Investor;3. if it is in the United Kingdom, it is a Relevant Person;4. if it is in Australia, it is either a (i) "sophisticated investor" (within the meaning of section 708(8) of the Corporations Act 2001 of the Commonwealth of Australia (the "Corporations Act")); (ii) a "professional investor" (within the meaning of section 708(11) of the Corporations Act); or (iii) are able to satisfy one or more exemptions contained in section 708 of the Corporations Act so that it is lawful to offer the Placing Shares without disclosure to investors under Chapter 6D of the Corporations Act;5. if it is in Singapore, it is either (i) an institutional investor under Section 274 of the Securities and Futures Act, 2001 of Singapore (the "SFA"), as modified or amended from time to time, including by any subsidiary legislation as may be applicable at the relevant time; or (ii) a relevant person pursuant to Section 275(1) of the SFA, or a person pursuant to Section 275(1A), and in accordance with the conditions specified in Sections 275 and 276 of the SFA;6. if it is in Hong Kong, it is a HK Professional Investor;7. it is not in Canada;8. it is subscribing for Placing Shares for its own account or is subscribing for Placing Shares for an account with respect to which it exercises sole investment discretion and has the authority to make and does make the representations, warranties, undertakings, agreements, acknowledgments and indemnities contained in this Appendix;9. if it is a financial intermediary, as that term is used in Article 5(1) of the EU Prospectus Regulation or Regulation 7(4) of the POATR (as applicable), it understands the resale and transfer restrictions set out in this Appendix and that the Placing Shares subscribed for by it in the Placing will not be subscribed for on a non-discretionary basis on behalf of, nor will they be subscribed for with a view to their offer or resale to, persons in circumstances which may give rise to an offer of securities to the public other than an offer or sale in a member state of the EEA to Qualified Investors, in the United Kingdom to Relevant Persons, or in circumstances in which the prior consent of the Joint Bookrunners has been given to each proposed offer or resale;10. it is and, at the time the Placing Shares are subscribed for, will be, (i) outside the United States and subscribing for the Placing Shares in an "offshore transaction" as defined in, and pursuant to, Regulation S under the US Securities Act; and not acquiring any of the Placing Shares as a result of any form of Directed Selling Efforts or (ii) a "qualified institutional buyer" as defined in Rule 144A of the US Securities Act that has executed and delivered, or will execute and deliver, a US Investor Letter; and (b) subscribing for the Placing Shares pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act, acknowledging that the Placing Shares have not been, and will not be, registered under the US Securities Act or with any state or other jurisdiction of the United States;11. the Placing Shares sold in the United States will be "restricted securities" as defined in Rule 144 of the US Securities Act; and12. the Company and the Banks will rely upon the truth and accuracy of, and compliance with, the foregoing representations, warranties, undertakings, agreements and acknowledgements in addition to those described elsewhere in this Appendix.BookbuildFollowing this Announcement, the Banks will commence the Bookbuild to determine demand for participation in the Placing by Placees. No commissions will be paid to Placees or by Placees in respect of any Placing Shares. The book will open with immediate effect.The Joint Bookrunners and the Company shall be entitled to effect the Placing by such alternative method to the Bookbuild as they may, in their sole discretion, determine.Details of the Placing Agreement and of the Placing SharesH&P, Peel Hunt and ARC are acting as joint bookrunners in connection with the Placing. The Banks are not acting for the Company with respect to the Retail Offer.The Banks have today entered into an agreement with the Company (the "Placing Agreement") under which, subject to the conditions set out therein, each Bank has severally (and not jointly nor jointly and severally) agreed, each as agent for and on behalf of the Company, to use its reasonable endeavours to procure Placees for the Placing Shares at the Placing Price in such number to be determined following completion of the Bookbuild. The final number of Placing Shares will be determined by the Company and the Joint Bookrunners at the close of the Bookbuild and will be set out in the executed terms of the Placing (the "Terms of Placing"). The timing and closing of the book and allocations are at the discretion of the Company and the Joint Bookrunners. The number of Placing Shares will be announced as soon as practicable after the close of the Bookbuild.The Offer Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Common Shares, including the right to receive all dividends and other distributions declared, made or paid in respect of the Common Shares after the date of issue. The Offer Shares will be issued free of any encumbrances, liens or other security interests.Applications for admission to tradingApplication will be made (a) for the Placing Shares to be admitted to trading on AIM; and (b) for the Placing to be conditionally accepted by the TSX-V, subject to the Company satisfying all of the requirements of the TSX-V.It is expected that admission of the Placing Shares to AIM ("Admission") will become effective at 8.00 a.m. (London time) on 10 April 2026 or such later time and date (being not later than 8.00 a.m. (London time) on the Long Stop Date) as the Joint Bookrunners and the Company may agree. It is expected that the Placing Shares will also commence trading on the TSX-V on 10 April 2026, subject to acceptance of the TSX-V.Participation in, and principal terms of, the Placing1. The Banks are arranging the Placing severally (and not jointly nor jointly and severally) as agents of the Company.2. Participation in the Placing will only be available to persons who may lawfully be, and are, invited to participate by a Bank. Each Bank and its Affiliates are entitled to enter bids in the Bookbuild and participate in the Placing as principal.3. The Bookbuild, if successful, will establish the number of Placing Shares to be issued at the Placing Price and will be agreed between the Joint Bookrunners and the Company following completion of the Bookbuild. The number of Placing Shares will be announced on a Regulatory Information Service following the completion of the Bookbuild.4. To bid in the Bookbuild, prospective Placees should communicate their bid by telephone or in writing to their usual sales contact at one of the Banks. Each bid should state the number of Placing Shares which the prospective Placee wishes to subscribe for at the Placing Price. Bids may be scaled down by the Joint Bookrunners on the basis referred to in paragraph 8 below.5. A bid in the Bookbuild will be made on the terms and subject to the conditions in this Appendix and will be legally binding on the Placee on behalf of which it is made and, except with the consent of the Joint Bookrunners, will not be capable of variation or revocation after the time at which it is submitted. Each Placee will also have an immediate, separate, irrevocable and binding obligation, owed to the relevant Bank, to pay the relevant Bank (or as it may direct), as agent of the Company, in cleared funds an amount equal to the product of the Placing Price and the number of Placing Shares that such Placee has agreed to subscribe for. Each Placee's obligations will be owed to the Company and the relevant Bank. The Company shall, conditional on Admission, allot such Placing Shares to each Placee following such Placee's payment to the relevant Bank of such amount.6. The Bookbuild will commence on the release of this Announcement and is expected to close no later than 7.00 a.m. (London time) on 1 April 2026, but may be closed earlier or later at the discretion of the Joint Bookrunners. The Joint Bookrunners may, in agreement with the Company, accept bids that are received after the Bookbuild has closed.7. Each prospective Placee's allocation will be agreed between the Company and the Joint Bookrunners and will be confirmed to prospective Placees orally or in writing by the relevant Bank, as agent of the Company, following the close of the Bookbuild and an electronic contract note or trade confirmation will be dispatched as soon as possible thereafter. Subject to paragraph 5 above, the relevant Bank's oral or written confirmation to such prospective Placee will constitute an irrevocable legally binding commitment upon such person (who will at that point become a Placee) in favour of such Bank and the Company, under which such Placee agrees to subscribe for the number of Placing Shares allocated to it and to pay the Placing Price for each such Placing Share on the Terms and Conditions and in accordance with the Company's articles of incorporation and by-laws.8. Subject to paragraphs 4 and 7 above, the Company will agree with the Joint Bookrunners the identity of the Placees and the basis of allocation of the Placing Shares and may scale down any bids for this purpose on such basis as it may determine. Notwithstanding paragraphs 4 and 7 above, Placing Shares may be allocated (i) after the Bookbuild has closed to any person submitting a bid after that time; and (ii) after the time of any initial allocation to any person submitting a bid after that time. The Company reserves the right (upon agreement with the Joint Bookrunners) to increase (or seek to reduce) the amount to be raised pursuant to the Placing. The acceptance of bids shall be at the absolute discretion of the Joint Bookrunners, subject to the prior consent of the Company.9. Except as required by law or regulation, no press release or other announcement will be made by a Bank or the Company using the name of any Placee (or its agent), in its capacity as Placee (or agent), other than with such Placee's prior written consent.10. Irrespective of the time at which a Placee's allocation(s) pursuant to the Placing is/are confirmed, settlement for all Placing Shares to be subscribed for pursuant to the Placing will be required to be made at the same time, on the basis explained below under "Registration and settlement".11. All obligations under the Bookbuild and the Placing will be subject to fulfilment or (where applicable) waiver of the conditions referred to below under "Conditions of the Placing" and to the Placing not being terminated on the basis referred to below under "Termination of the Placing Agreement".12. By participating in the Bookbuild, each Placee agrees that its rights and obligations in respect of the Placing will terminate only in the circumstances described below and will not be capable of rescission or termination by the Placee after confirmation (oral or otherwise) by a Bank.13. To the fullest extent permissible by law, no Bank, the Company, nor any of their respective Affiliates nor any of their respective Representatives nor any person acting on behalf of any of them shall have any responsibility or liability to any Placee (or to any other person whether acting on behalf of a Placee or otherwise) in connection with the Placing, the Placing Shares or otherwise. In particular, no Bank, the Company, nor any of their respective Affiliates nor any of their respective Representatives nor any person acting on behalf of any of them shall have any responsibility or liability (including to the fullest extent permissible by law, any fiduciary duties) in respect of the conduct of the Bookbuild or of such alternative method of effecting the Placing as each of the Joint Bookrunners, their Affiliates and the Company may agree.Conditions of the PlacingThe Placing is conditional upon the Placing Agreement becoming unconditional and not having been terminated in accordance with its terms. The obligations of the Banks under the Placing Agreement are conditional on (but not limited to) the following:(a) the Terms of Placing having been executed by the Company and the Banks;(b) the Company having complied with its obligations under the Placing Agreement relating to delivery of documents, application for admission and registration of the Placing Shares;(c) the warranties given by the Company contained in the Placing Agreement being true and accurate: (i) as at the date of the Placing Agreement; and (ii) as at the date of Admission, in each case, as though they had been given and made at such times and on such dates by reference to the facts and circumstances then existing;(d) none of the Joint Bookrunners having terminated the Placing Agreement before Admission in accordance with its terms;(e) conditional acceptance of the TSX-V having been obtained by the Company with respect to the issue by the Company of the Offer Shares;(f) in the good faith opinion of the Joint Bookrunners (acting jointly), there not having been any Material Adverse Change at any time prior to Admission or there is a fact, circumstance or development reasonably likely to result in a Material Adverse Change occurring (whether or not foreseeable at the date of the Placing Agreement);(g) Admission taking place by not later than 8.00 a.m. (London time) on 10 April 2026 or such later date as the Company and the UK Joint Bookrunners may agree, but in any event not later than 8.00 a.m. (London time) on the Long Stop Date,(all conditions to the obligations of the Banks included in the Placing Agreement being together, the "Conditions").If (i) any of the Conditions are not fulfilled or, where permitted, waived or extended by the Banks by the relevant time or date specified (or such later time and/or date as the Joint Bookrunners may notify to the Company, save that such time shall not be extended beyond 8.00 a.m. (London Time) on the Long Stop Date); or (ii) the Placing Agreement is terminated in the circumstances specified below, the Placing will lapse and each Placee's rights and obligations hereunder in relation to the Placing Shares shall cease and terminate at such time and each Placee agrees that no claim can be made by it against any of the Company or the Joint Bookrunners in respect thereof.The Joint Bookrunners may, acting jointly, in their absolute discretion and upon such terms and conditions as they think fit, waive fulfilment of all or any or any part of any Conditions in the Placing Agreement (save that the Condition in respect of Admission of the Placing Shares cannot be waived) or extend the time provided for their satisfaction. Any such waiver or extension will not affect Placees' commitments as set out in this Announcement.No Joint Bookrunner nor any of its Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them shall have any liability or responsibility to any Placee (or to any other person whether acting on behalf of a Placee or otherwise) in respect of any decision it or another person may make as to whether or not to waive or to extend the time and/or date for the satisfaction of any Condition nor for any decision it may make as to the satisfaction of any Condition or in respect of the Placing generally, and by participating in the Placing each Placee agrees that any such decision is within the absolute discretion of the Joint Bookrunners. Placees will have no rights against the Banks, the Company or any of their respective Affiliates under the Placing Agreement pursuant to the Contracts (Rights of Third Parties) Act 1999 (as amended) or otherwise.Termination of the Placing AgreementEach Joint Bookrunner is entitled, in their absolute discretion, to terminate the Placing Agreement in accordance with its terms in certain circumstances, including, amongst other things, if at any time before Admission:(a) the Company fails, in any material respect (in the opinion of any of the Joint Bookrunners, acting in good faith), to comply with any of its obligations under the Placing Agreement;(b) the Company has not received the Subscription Agreements duly signed by the parties thereto by not later than 5.00 p.m. on the Business Day prior to Admission;(c) any of the warranties given by the Company was, when given or deemed given, not true and accurate in any respect which any of the Joint Bookrunners consider to be material in the context of the Placing by reference to the facts subsisting at the time;(d) in the opinion of any Joint Bookrunner (acting in good faith), there has been a Material Adverse Change since the date of the Placing Agreement;(e) trading in the Common Shares on AIM is suspended or cancelled (for whatever reason); or(f) any government or regulatory body or agency issues, or threatens to issue, proceedings or commences any inquiry or investigation in relation to the Placing.By participating in the Placing, each Placee agrees with the Company and the Joint Bookrunners that the exercise or non-exercise by each Joint Bookrunner of any right of termination or other discretion under the Placing Agreement shall be within the absolute discretion of the Joint Bookrunners or for agreement between the Company and the Joint Bookrunners (as the case may be) and that neither the Company nor the Joint Bookrunners need make any reference to, or consult with, Placees and that none of the Company nor any Joint Bookrunners nor any of their respective Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them shall have any liability to Placees whatsoever in connection with any such exercise or failure to so exercise.No prospectusNo offering document, prospectus, offering memorandum or admission document has been or will be prepared or submitted to be approved by any competent authority or stock exchange in any jurisdiction (including the FCA, the London Stock Exchange, TSX-V or any Canadian securities regulatory authority) in relation to the Placing or Admission.No prospectus or offering memorandum has been prepared or filed with any securities commission or similar regulatory authority in Canada in connection with the Placing, no securities commission or similar regulatory authority in Canada has made any finding or determination as to the merit for investment in, or made any recommendation or endorsement with respect to, the Fundraise.No prospectus, product disclosure statement or other disclosure document has been lodged with the Australian Securities and Investments Commission in relation to the Placing. This Announcement does not constitute a prospectus, product disclosure statement or other disclosure document under the Corporations Act, and does not purport to include the information required for a prospectus, product disclosure statement or other disclosure document under the Corporations Act.This Announcement has not been reviewed or approved by any regulatory authority in Hong Kong. This Announcement does not constitute an offer or invitation to the public in Hong Kong to acquire the Placing Shares.This Announcement has not been reviewed by any regulatory authority in Singapore and it has not been, and will not be registered as a prospectus with the Monetary Authority of Singapore.Placees' commitments will be made solely on the basis of the information contained in this Announcement, and any Exchange Information (as defined below) published by or on behalf of the Company previously or simultaneously with this Announcement, and subject to any further terms set forth in the electronic contract note/trade confirmation to be provided to individual Placees.Each Placee, by accepting a participation in the Placing, agrees that the content of this Announcement and the publicly available information released by or on behalf of the Company are exclusively the responsibility of the Company and confirms to the Company and each Bank that it has neither received nor relied on any other information, representation, warranty or statement made by or on behalf of the Company (other than the Exchange Information), any Bank, any of their respective Affiliates, any of its or their respective Representatives or any person acting on behalf of any of them.None of the Company nor any Bank nor any of their respective Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them will be liable for any Placee's decision to participate in the Placing based on any other information, representation, warranty or statement which the Placees may have obtained or received (regardless of whether or not such information, representation, warranty or statement was given or made by or on behalf of any such persons). By participating in the Placing, each Placee acknowledges and agrees that it has relied on its own investigation of the business, financial or other position of the Company in accepting a participation in the Placing. No Placee should consider any information in this Announcement to be legal, tax or business advice. Nothing in this paragraph shall exclude or limit the liability of any person for fraud or fraudulent misrepresentation by that person.Restriction on further issue of securitiesAs part of the Placing, the Company has undertaken to the Banks that, between the date of the Placing Agreement and the date which is 180 calendar days after the date of Admission, it will not, without the prior written consent of the Joint Bookrunners, enter into certain transactions involving or relating to the Common Shares, subject to certain customary carve-outs agreed between the Banks and the Company.By participating in the Placing, Placees agree that the exercise by the Joint Bookrunners of any power to grant consent to waive the aforementioned undertaking by the Company shall be within the absolute discretion of the Joint Bookrunners and that they need not make any reference to, or consultation with, Placees and that they shall have no liability to Placees whatsoever in connection with any such exercise of the power to grant consent.Registration and settlementSettlement of transactions in the Placing Shares (ISIN: CA60686A4090) following Admission will take place within CREST, using the delivery versus payment mechanism, subject to certain exceptions. The Company and the Joint Bookrunners reserve the right to require settlement for, and delivery of, CREST Depositary Interests representing the Placing Shares to Placees by such other means that they deem necessary if delivery or settlement is not possible or practicable within CREST within the timetable set out in this Announcement or would not be consistent with the legal or regulatory requirements in the Placee's jurisdiction.In order to enable Placees in the United Kingdom to settle their securities through CREST, the Company has appointed Computershare Investor Services plc to act as a depositary (the "Depositary") to hold the Common Shares and issue CREST Depositary Interests. The Depositary will hold the Common Shares on trust for the relevant shareholders.The CREST Depositary Interests are independent English securities and held on a register maintained by the Depositary. The CREST Depositary Interests have the same security code and ISIN number as the underlying Common Shares which they represent and do not require a separate admission to AIM. Any references to Placing Shares in this Announcement shall include any CREST Depositary Interests issued in relation to the same.Following the close of the Bookbuild, each Placee allocated Placing Shares in the Placing will be sent an electronic contract note/trade confirmation in accordance with the standing arrangements in place with the relevant Bank stating the number of Placing Shares to be allocated to it at the Placing Price, the aggregate amount owed by such Placee to the relevant Bank and settlement instructions. Peel Hunt is acting as settlement agent in respect of the Placing Shares to be issued to each of the Placees.Each Placee agrees that it will do all things necessary to ensure that delivery and payment is completed in accordance with either the standing CREST or certificated settlement instructions that it has in place with Peel Hunt or as the settlement instructions provided to it by Peel Hunt or the relevant Bank. In the event of any difficulties or delays in the admission of the CREST Depositary Interests representing the Placing Shares to CREST or the use of CREST in relation to the Placing, the Banks may require that the Placing Shares will be issued in certificated form.The Company will procure the delivery of the CREST Depositary Interests representing each of the Placing Shares to Peel Hunt (CREST Participant ID: 871, Member Account ID: CORP) as agent for the Company. The CREST Depositary Interests representing the Placing Shares will be credited to the relevant CREST account by way of a Registrars Adjustment and therefore no form of receipt instruction will be required to be entered into CREST. The input to CREST by a Placee of a matching or acceptance instruction will then allow delivery of the relevant CREST Depositary Interests representing Placing Shares to that Placee on a delivery against payment basis.It is expected that settlement of the Placing Shares will be on 10 April 2026 on a T+5 basis in accordance with the instructions given to the Joint Bookrunners.Interest is chargeable daily on payments not received from Placees on the due date in accordance with the arrangements set out above at the rate of two (2) percentage points above the Sterling Overnight Interbank Average Rate operated by the Bank of England (SONIA) as determined by the Joint Bookrunners.Each Placee agrees that, if it does not comply with these obligations, the Joint Bookrunners may sell any or all of the Placing Shares allocated to that Placee on such Placee's behalf and retain from the proceeds, for the Company's account and benefit, an amount equal to the aggregate amount owed by the Placee plus any interest due. The relevant Placee will, however, remain liable for any shortfall below the aggregate amount owed by it and shall be required to bear any Transfer Taxes imposed in any jurisdiction which may arise upon the sale of such Placing Shares on such Placee's behalf. By communicating a bid for Placing Shares, each Placee confers on each Joint Bookrunner all such authorities and powers necessary to carry out any such transaction and agrees to ratify and confirm all actions which each Joint Bookrunner lawfully takes in pursuance of such sale.If Placing Shares are to be delivered to a custodian or settlement agent, Placees should ensure that, upon receipt, the electronic contract note/trade confirmation is copied and delivered immediately to the relevant person within that organisation. Insofar as Placing Shares are registered in a Placee's name or that of its nominee or in the name of any person for whom a Placee is contracting as agent or that of a nominee for such person, such Placing Shares should, subject as provided below, be so registered free from any liability to UK stamp duty or UK stamp duty reserve tax. If there are any circumstances in which any other Transfer Taxes are payable in respect of the allocation, allotment, issue or delivery of the Placing Shares (or, for the avoidance of doubt if any stamp duty or stamp duty reserve tax is payable in connection with any subsequent transfer of or agreement to transfer Placing Shares), no Bank nor the Company shall be responsible for the payment of such amounts.Representations and warrantiesBy participating in the Placing, each Placee (and any person acting on such Placee's behalf) irrevocably acknowledges, confirms, undertakes, represents, warrants and agrees (for itself and for any person on behalf of which it is acting) with each Bank (in its capacity as joint bookrunner and as placing agent of the Company in respect of the Placing) and the Company, in each case as a fundamental term of its application for Placing Shares, that:1. it has read and understood this Announcement, including this Appendix, in its entirety and that its participation in the Bookbuild and the Placing and its subscription for Placing Shares is subject to and based upon all the terms, conditions, acknowledgement, confirmations, undertakings, representations, warranties, agreements and indemnities and other information contained herein and undertakes not to redistribute or duplicate this Announcement and that it has not relied on, and will not rely on, any information given or any representations, warranties or statements made at any time by any person in connection with Admission, the Bookbuild, the Placing, the Company, the Placing Shares or otherwise (other than the Exchange Information, as defined below);2. no offering document, prospectus, offering memorandum or admission document has been or will be prepared in connection with the Placing or is required under the EU Prospectus Regulation, the POATR, the Rules of the TSX-V or under securities laws of Canada and it has not received and will not receive an offering document, prospectus, offering memorandum or admission document in connection with the Bookbuild, the Placing, the Company, Admission, the Placing Shares or otherwise;3. (i) it has made its own assessment of the Company, the Placing Shares and the terms of the Placing based on this Announcement (including this Appendix) and any information publicly announced to a Regulatory Information Service by or on behalf of the Company on or prior to the date of this Announcement; (ii) the Common Shares are admitted to trading on AIM and the TSX-V and that the Company is therefore required to publish certain business and financial information in accordance with the AIM Rules, the UK Market Abuse Regulation, the TSX-V Rules and the rules and practices of the London Stock Exchange, the FCA, the TSX-V and any applicable Canadian securities commission (collectively and together with the information referred to in (i) above, the "Exchange Information"), which includes a description of the nature of the Company's business and the Company's most recent balance sheet and profit and loss account, and similar statements for preceding financial years, and that it has reviewed such Exchange Information and that it is able to obtain or access such Exchange Information, or such information or comparable information concerning any other publicly traded company, in each case, without undue difficulty; and (iii) it has had access to such financial and other information concerning the Company, the Placing and the Placing Shares as it has deemed necessary in connection with its own investment decision to subscribe for any of the Placing Shares and has satisfied itself that the information is still current and has relied on that investigation for the purposes of its decision to participate in the Placing;4. the content of this Announcement is exclusively the responsibility of the Company and no Bank nor any of its Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them has or shall have any responsibility or liability for any information, representation or statement contained in, or any misstatements in or omission from, this Announcement or any information previously or subsequently published by or on behalf of the Company, including, without limitation, any Exchange Information, and will not be liable for any Placee's decision to participate in the Placing based on any information, representation or statement contained in this Announcement or any information previously published by or on behalf of the Company or otherwise;5. unless otherwise specifically agreed with the Joint Bookrunners, it and any person on behalf of which it is participating is not, and at the time the Placing Shares are subscribed for, neither it nor the beneficial owner of the Placing Shares will be, a resident of a Restricted Territory;6. the only information on which it is entitled to rely and on which such Placee has relied in committing itself to subscribe for the Placing Shares is contained in this Announcement and any Exchange Information, that it has received and reviewed all information that it believes is necessary or appropriate to make an investment decision in respect of the Placing Shares, and that it has neither received nor relied on any other information given or investigations, representations, warranties or statements made by any Bank, the Company, any of their respective Affiliates, any of its or their respective Representatives or any person acting on behalf of any of them and no Bank nor the Company nor any of their respective Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them will be liable for any Placee's decision to accept an invitation to participate in the Placing based on any other information, investigation, representation, warranty or statement;7. it has relied solely on its own investigation, examination and due diligence of the business, financial or other position of the Company in deciding to participate in the Placing and that no Bank nor any of its Affiliates nor any of or its or their respective Representatives nor any person acting on behalf of any of them has made any representations to it, express or implied, with respect to the Company, the Bookbuild, the Placing and the Placing Shares or the accuracy, completeness or adequacy of this Announcement and the Exchange Information, and each of them expressly disclaims any liability in respect thereof;8. the Placing Shares have not been and will not be registered or otherwise qualified, for offer and sale nor will an offering document, prospectus, offering memorandum or admission document be cleared or approved in respect of any of the Placing Shares under the securities legislation of the United Kingdom, Canada the United States or any other Restricted Territory and, subject to certain exceptions, may not be offered, sold, transferred, delivered or distributed, directly or indirectly, in or into those jurisdictions or in any country or jurisdiction where any such action for that purpose is required. In particular, the Placing Shares may not be offered, sold, transferred, delivered or distributed, directly or indirectly, in or into Canada for a period of four months and one day from the date that the Placing Shares are issued and Placees must observe such Canadian on-sale restrictions;9. it has not relied on any information relating to the Company contained in any research reports prepared by any Bank, any of its Affiliates or any person acting on its or their behalf and understands that: (i) no Bank nor any of its Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them has or shall have any responsibility or liability for: (x) public information or any representation; or (y) any additional information that has otherwise been made available to such Placee, whether at the date of publication, the date of this Announcement or otherwise; and (ii) no Bank nor any of its Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of such information, whether at the date of publication, the date of this Announcement or otherwise;10. it may not rely on any investigation that any Bank, any of its Affiliates, any of or its or their respective Representatives or any person acting on behalf of any of them may or may not have conducted with respect to the Company and its Affiliates or the Placing and no Bank has made any representation or warranty to it, express or implied, with respect to the merits of the Placing, the subscription for or purchase of the Placing Shares, or as to the condition, financial or otherwise, of the Company and its Affiliates, or as to any other matter relating thereto, and nothing herein shall be construed as any investment or other recommendation to it to subscribe for the Placing Shares. It acknowledges and agrees that no information has been prepared by, or is the responsibility of, any Bank, any of its Affiliates, any of or its or their respective Representatives or any person acting on behalf of any of them for the purposes of this Placing;11. (i) the allocation, allotment, issue and delivery to it, or the person specified by it for registration as holder, of Placing Shares will not give rise to a liability under any of sections 67, 70, 93 or 96 of the Finance Act 1986 (depositary receipts and clearance services); (ii) it is not participating in the Placing as nominee or agent for any person to whom the allocation, allotment, issue or delivery of the Placing Shares would give rise to such a liability; and (iii) the Placing Shares are not being subscribed for in connection with arrangements to issue depositary receipts or to issue or transfer Placing Shares into a clearance service;12. that no action has been or will be taken by the Company, any Bank, any of their respective Affiliates, any of its or their respective Representatives or any person acting on behalf of any of them that would, or is intended to, permit a public offer of the Placing Shares in the United States or in any other Restricted Territory;13. (i) it (and any person acting on its behalf) is entitled to subscribe for the Placing Shares under the laws of all relevant jurisdictions which apply to it; (ii) it has paid or will pay any issue, transfer or other taxes due in connection with its participation in any territory; (iii) it has fully observed such laws and obtained all such governmental and other guarantees, permits, authorisations, approvals and consents which may be required thereunder and complied with all necessary formalities; (iv) it has not taken any action or omitted to take any action which will or may result in any Bank, the Company, any of their respective Affiliates, any of its or their respective Representatives or any person acting on behalf of any of them acting in breach of the legal and/or regulatory requirements and/or any anti-money laundering requirements of any jurisdiction in connection with the Placing; and (v) the subscription for the Placing Shares by it or any person acting on its behalf will be in compliance with applicable laws and regulations in the jurisdiction of its residence, the residence of the Company, or otherwise;14. it (and any person acting on its behalf) has all necessary capacity and has obtained all necessary consents and authorities to enable it to commit to its participation in the Placing and to perform its obligations in relation thereto (including, without limitation, in the case of any person on whose behalf it is acting, all necessary consents and authorities to agree to the terms set out or referred to in this Announcement) and will honour such obligations;15. it has complied with its obligations under the Criminal Justice Act 1993, the UK Market Abuse Regulation, and in connection with money laundering and terrorist financing under the Proceeds of Crime Act 2002, the Terrorism Act 2000, the Anti-Terrorism Crime and Security Act 2001, the Terrorism Act 2006, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended), the Money Laundering Sourcebook of the FCA, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), and any related or similar rules, regulations or guidelines issued, administered or enforced by any government agency having jurisdiction in respect thereof and it is not a person: (a) with whom transactions are prohibited under the Foreign Corrupt Practices Act of 1977 or any economic sanction programmes administered by, or regulations promulgated by, the Office of Foreign Assets Control of the U.S. Department of the Treasury or the United States Department of State; (b) named on the Consolidated List of Financial Sanctions Targets maintained by HM Treasury of the United Kingdom; or (c) subject to financial sanctions imposed pursuant to a regulation of the European Union or a regulation adopted by the United Nations (together the "Regulations") and, if making payment on behalf of a third party, that satisfactory evidence has been obtained and recorded by it to verify the identity of the third party as required by the Regulations. If within a reasonable time after a request for verification of identity, the relevant Bank has not received such satisfactory evidence, such Bank may, in its absolute discretion, terminate the Placee's Placing participation in which event all funds delivered by the Placee to such Bank will be returned without interest to the account of the drawee bank or CREST account from which they were originally debited;16. it is acting as principal only in respect of the Placing or, if it is acting for any other person: (i) it is duly authorised to do so and has full power to make, and does make, the acknowledgments, confirmations, undertakings, representations and agreements and give the indemnities herein on behalf of each such person; and (ii) it is and will remain liable to the relevant and the Company for the performance of all its obligations as a Placee in respect of the Placing (regardless of the fact that it is acting for another person);17. it will (as principal or agent) subscribe for, hold, manage and (if applicable) dispose of any Placing Shares that are allocated to it for the purposes of its business only;18. it understands that any investment or investment activity to which this Announcement relates is only available to, in any member state of the EEA, Qualified Investors, and in the United Kingdom, Relevant Persons, and will be engaged in only with such persons, and further understands that this Announcement must not be acted on or relied on by persons who are not, in any member state of the EEA, Qualified Investors, and in the United Kingdom, Relevant Persons;19. it is purchasing the Placing Shares with investment intent and not with a view to distribution in or to Canada;20. it has been advised to consult, and have so consulted or elected not to consult, its own independent advisers with respect to all applicable laws in respect of the Placing Shares, including applicable securities laws and resale and transfer restrictions, and it acknowledges and agrees that it is solely responsible for complying with all such laws, including applicable securities laws and resale and transfer restrictions. It further acknowledges that, under applicable Canadian securities legislation, a hold period will apply to a trade (as defined under applicable Canadian securities legislation) of the Placing Shares in Canada or through a market in Canada, such as the TSXV, and it further acknowledges that any certificates representing the Placing Shares will bear the following legends in respect of such hold period as required by applicable Canadian securities laws and you agree to comply with such laws and the terms of such legends:"UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE [the date which is four months and one day after Admission will be inserted]""WITHOUT PRIOR WRITTEN APPROVAL OF THE TSX VENTURE EXCHANGE AND COMPLIANCE WITH ALL APPLICABLE SECURITIES LEGISLATION, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE TRADED ON OR THROUGH THE FACILITIES OF THE TSX VENTURE EXCHANGE OR OTHERWISE IN CANADA OR TO OR FOR THE BENEFIT OF A CANADIAN RESIDENT UNTIL [the date which is four months and one day after Admission will be inserted]";21. the Company is relying on an exemption from the requirement to provide the Placee with a prospectus under applicable Canadian securities laws and, as a consequence of acquiring the Placing Shares pursuant to such exemption: (i) certain protections, rights and remedies provided by applicable Canadian securities laws, including statutory rights of rescission and certain statutory remedies against an issuer, underwriters, auditors, directors and officers that are available to investors who acquire securities offered by a prospectus, will not be available to the Placee; (ii) the common law may not provide investors with an adequate remedy in the event that they suffer investment losses in connection with securities acquired in a private placement; (iii) the Placee may not receive information that would otherwise be required to be given under applicable Canadian securities laws, and (iv) the Company is relieved from certain obligations that would otherwise apply under applicable Canadian securities laws;22. it is not in Canada;23. if it is in a member state of the EEA, it is a Qualified Investor;24. if it is in the United Kingdom, it is a Relevant Person;25. if it is in Australia, it is either a (i) "sophisticated investor" (within the meaning of section 708(8) of the Corporations Act); (ii) a "professional investor" (within the meaning of section 708(11) of the Corporations Act); or (iii) are able to satisfy one or more exemptions contained in section 708 of the Corporations Act so that it is lawful to offer the Placing Shares without disclosure to investors under Chapter 6D of the Corporations Act;26. if it is in Singapore, it is either (i) an institutional investor under Section 274 of the SFA, as modified or amended from time to time, including by any subsidiary legislation as may be applicable at the relevant time; or (ii) a relevant person pursuant to Section 275(1) of the SFA, or a person pursuant to Section 275(1A), and in accordance with the conditions specified in Sections 275 and 276 of the SFA;27. if it is in Hong Kong, it is a HK Professional Investor;28. it understands, and each account it represents has been advised that, (i) the Placing Shares have not been and will not be registered under the US Securities Act or under the applicable securities laws of any state or other jurisdiction of the United States; and (ii) no representation has been made as to the availability of any exemption under the US Securities Act or any relevant state or other jurisdiction's securities laws for the reoffer, resale, pledge or transfer of the Placing Shares;29. the Placing Shares are being offered and sold on behalf of the Company: (i) (a) outside the United States in "offshore transactions" as defined in and pursuant to Regulation S; and (b) the Placee is not acquiring any of the Placing Shares as a result of any form of Directed Selling Efforts; and (ii) in the United States only to persons reasonably believed to be QIBs and pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable state securities laws;30. it and the prospective beneficial owner of the Placing Shares is, and at the time the Placing Shares are subscribed for will be either: (i) (a) outside the United States and subscribing for the Placing Shares in an "offshore transaction" as defined in and pursuant to Regulation S; and (b) not acquiring any of the Placing Shares as a result of any form of Directed Selling Efforts; or (ii)(a) a QIB that has executed and delivered, or will execute and deliver, a US Investor Letter; and (b) subscribing for the Placing Shares pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and applicable state securities laws;31. it is acquiring the Placing Shares for investment purposes only if it is a QIB and is not acquiring the Placing Shares with a view to, or for offer and sale in connection with, any distribution (within the meaning of the US Securities Act) thereof in whole or in part in the United States or any state thereof;32. the Placing Shares sold in the United States will be "restricted securities" as defined in Rule 144 of the US securities Act;33. it will not distribute, forward, transfer or otherwise transmit this Announcement or any part of it, or any other presentation or other materials concerning the Placing in or into the United States or any other Restricted Territory (including electronic copies thereof) to any person and it has not distributed, forwarded, transferred or otherwise transmitted any such materials to any person;34. where it is subscribing for the Placing Shares for one or more managed accounts, it is authorised in writing by each managed account to subscribe for the Placing Shares for each managed account and it has full power to make the acknowledgments, confirmations, undertakings, representations and agreements and give the indemnities herein on behalf of each such account;35. if it is a pension fund or investment company, its subscription for Placing Shares is in full compliance with applicable laws and regulations;36. if it is acting as a financial intermediary, as that term is used in Article 5(1) of the EU Prospectus Regulation or Regulation 7(4) of the POATR (as applicable), the Placing Shares subscribed for by it in the Placing will not be subscribed for on a non-discretionary basis on behalf of, nor will they be subscribed for with a view to their offer or resale to persons in circumstances which may give rise to an offer of securities to the public other than an offer or sale in a member state of the EEA other than to Qualified Investors, in the United Kingdom other than to Relevant Persons, or in circumstances in which the prior consent of the Joint Bookrunners has been given to each such proposed offer or resale;37. any offer of Placing Shares may only be directed at persons in member states of the EEA who are Qualified Investors and that it has not offered or sold and will not offer or sell any Placing Shares to persons in the EEA prior to Admission except to Qualified Investors or otherwise in circumstances which have not resulted in and which will not result in an offer to the public in any member state of the EEA within the meaning of the EU Prospectus Regulation;38. any offer of Placing Shares may only be directed at persons in the United Kingdom who are Relevant Persons and that it has not offered or sold and will not offer or sell any Placing Shares to persons in the United Kingdom prior to Admission except to Relevant Persons or otherwise in circumstances which have not resulted and which will not result in an offer of relevant securities to the public in the United Kingdom within the meaning of the POATR;39. any Placing Shares applied for by persons in Australia must not be offered for sale in Australia in the period of 12 months after the date of allotment under the Placing, except in circumstances where disclosure to investors under Chapter 6D of the Corporations Act would not be required pursuant to an exemption under section 708 of the Corporations Act or otherwise or where the offer is pursuant to a disclosure document which complies with Chapter 6D of the Corporations Act;40. it has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 (the "FSMA")) relating to the Placing Shares in circumstances in which section 21(1) of the FSMA does not require approval of the communication by an authorised person and agrees that this Announcement has not been approved by any Bank or any other person in its capacity as an authorised person under section 21 of the FSMA and it may not therefore be subject to the controls which would apply if it was made or approved as a financial promotion by an authorised person;41. it has complied and will comply with all applicable laws (including all relevant provisions of the FSMA) with respect to anything done by it in relation to the Placing Shares in respect of anything done in, from or otherwise involving, the United Kingdom;42. if it has received any "inside information" as defined in the UK Market Abuse Regulation about the Company in advance of the Placing, it has not: (i) dealt in the securities of the Company; (ii) encouraged or required another person to deal in the securities of the Company; or (iii) disclosed such information to any person except as permitted by the UK Market Abuse Regulation, prior to the information being made publicly available;43. (i) it (and any person acting on its behalf) has the funds available to pay for the Placing Shares it has agreed to subscribe for and will make payment for the Placing Shares allocated to it in accordance with these Terms and Conditions on the due time and date set out herein against delivery of such Placing Shares or CREST Depositary Interests representing such Placing Shares to it, failing which the relevant Placing Shares may be placed with other Placees or sold as any Joint Bookrunner (or its assignee) may in its discretion determine and without liability to such Placee. It will, however, remain liable for any shortfall below the net proceeds of such sale and the placing proceeds of such Placing Shares and applicable interest and may be required to bear any Transfer Taxes due pursuant to the terms set out or referred to in this Announcement which may arise upon the sale of such Placee's Placing Shares on its behalf;44. its allocation (if any) of Placing Shares will represent a maximum number of Placing Shares to which it will be entitled, and required, to subscribe for, and that the Joint Bookrunners or the Company may call upon it to subscribe for a lower number of Placing Shares (if any), but in no event in aggregate more than the aforementioned maximum;45. no Bank nor any of its Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them, is making any recommendations to it or advising it regarding the suitability or merits of any transactions it may enter into in connection with the Placing and that participation in the Placing is on the basis that it is not and will not be a client of any Bank and no Bank has any duties or responsibilities to it for providing the protections afforded to its clients or customers or for providing advice in relation to the Placing nor in respect of any representations, warranties, undertakings or indemnities contained in the Placing Agreement nor for the exercise or performance of any of any Bank's rights and obligations thereunder including any rights to waive or vary any conditions or exercise any termination right;46. the person whom it specifies for registration as holder of the Placing Shares will be (i) itself; or (ii) its nominee, as the case may be. No Bank nor the Company nor any of their respective Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them will be responsible for any liability to Transfer Taxes resulting from a failure to observe this requirement. Each Placee and any person acting on behalf of such Placee agrees to indemnify the Company, each Bank, their respective Affiliates, its and their respective Representatives and any person acting on behalf of any of them in respect of the same on an after-tax basis;47. the Placing Shares will be allotted to the CREST stock account of Peel Hunt who will hold them as nominee on behalf of such Placee until settlement in accordance with the relevant settlement instructions with payment for the Placing Shares being made simultaneously upon receipt of the Placing Shares in the Placee's stock account on a delivery versus payment basis;48. these Terms and Conditions and any agreements entered into by it pursuant to these Terms and Conditions, and any non-contractual obligations arising out of or in connection with such agreements, shall be governed by and construed in accordance with the laws of England and Wales and it submits (on behalf of itself and on behalf of any person on whose behalf it is acting) to the exclusive jurisdiction of the English courts as regards any claim, dispute or matter arising out of any such contract, except that enforcement proceedings in respect of the obligation to make payment for the Placing Shares (together with any interest chargeable thereon) may be taken by any Bank or the Company in any jurisdiction in which the relevant Placee is incorporated or in which any of its securities have a quotation on a recognised stock exchange;49. each of the Company, the Banks, their respective Affiliates, its and their respective Representatives and others will rely upon the truth and accuracy of the representations, warranties, agreements, undertakings and acknowledgements set forth herein and which are given to each Bank on its own behalf and on behalf of the Company and are irrevocable;50. it will indemnify on an after-tax-basis and hold the Company, each Bank, their respective Affiliates, its and their respective Representatives and any person acting on behalf of any of them harmless from any and all costs, claims, liabilities and expenses (including legal fees and expenses) arising out of, directly or indirectly, or in connection with any breach by it of the acknowledgements, confirmations, undertakings, representations, warranties and agreements in this Appendix and further agrees that the provisions of this Appendix shall survive after completion of the Placing;51. it irrevocably appoints any director or authorised signatory of any Bank as its agent for the purposes of executing and delivering to the Company and/or its registrars any documents on its behalf necessary to enable it to be registered as the holder of any of the Placing Shares agreed to be taken up by it under the Placing;52. its commitment to subscribe for Placing Shares on the terms set out in this Appendix and in the electronic contract note/trade confirmation will continue notwithstanding any amendment that may in future be made to these Terms and Conditions and that Placees will have no right to be consulted or require that their consent be obtained with respect to the Company's or the Banks' conduct of the Placing;53. in making any decision to subscribe for the Placing Shares: (i) it has sufficient knowledge, sophistication and experience in financial, business and international investment matters as is required to evaluate the merits and risks of subscribing for the Placing Shares; (ii) it is experienced in investing in securities of a similar nature to the Common Shares and in the sector in which the Company operates and is aware that it may be required to bear, and is able to bear, the economic risk of participating in, and is able to sustain a complete loss in connection with, the Placing; (iii) it has relied solely on its own investigation, examination, due diligence and analysis of the Company and its Affiliates taken as a whole, including the markets in which the Group operates, and the terms of the Placing, including the merits and risks involved, and not upon any view expressed or information provided by or on behalf of any Bank; (iv) it has had sufficient time and access to information to consider and conduct its own investigation with respect to the offer and purchase of the Placing Shares, including the legal, regulatory, tax, business, currency and other economic and financial considerations relevant to such investment and has so conducted its own investigation to the extent it deems necessary to enable it to make an informed and intelligent decision with respect to making an investment in the Placing Shares; (v) it is aware and understands that an investment in the Placing Share involves a considerable degree of risk; and (vi) it will not look to , or seek to claim against, any Bank, any of its Affiliates, any of its or their respective Representatives or any person acting behalf of any of them for all or part of any such loss or losses it or they may suffer;54. neither the Company nor any Bank nor any of their respective Affiliates nor any of its or their respective Representatives nor any person acting behalf of any of them owes any fiduciary or other duties to it or any Placee in respect of any representations, warranties, undertakings or indemnities in the Placing Agreement or these Terms and Conditions;55. in connection with the Placing, a Bank, any of its Affiliates, any of its or their respective Representatives and any person acting behalf of any of them, acting as an investor for its own account, may take up shares in the Company and in that capacity may retain, purchase or sell for its own account such shares in the Company and any securities of the Company or related investments and may offer or sell such securities or other investments otherwise than in connection with the Placing. Accordingly, references in this Announcement to Placing Shares being issued, offered or placed should be read as including any issue, offering or placement of such shares in the Company to any Bank, any of its Affiliates, any of its or their respective Representatives or any person acting behalf of any of them, in each case, acting in such capacity. In addition, a Bank or any of its Affiliates may enter into financing arrangements and swaps with investors in connection with which such Bank or any of its Affiliates may from time to time acquire, hold or dispose of such securities of the Company, including the Placing Shares. No Bank nor any of its Affiliates nor any of its or their respective Representatives nor any person acting behalf of any of them intends to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so;56. a communication that the Placing or the book is "covered" (i.e. indicated demand from investors in the book equals or exceeds the amount of the securities being offered) is not any indication or assurance that the book will remain covered or that the Placing and Placing Shares will be fully distributed by the Banks. Each Bank reserves the right to take up a portion of the Placing Shares as a principal position at any stage at its sole discretion, among other things, to take account of the Company's objectives, UK MiFIR and MiFID II requirements and/or its allocation policies;57. it understands that certain personal information may be collected by the Company for the purposes of completing the Fundraise, which includes, without limitation, determining its eligibility to purchase the shares under Canadian securities laws and other applicable securities laws and completing filings required by any securities commission or other regulatory authority; that its personal information may be disclosed by the Company to: (a) securities commissions or stock exchanges, (b) the Canada Revenue Agency or other taxing authorities, and (c) any of the other parties involved in the Fundraise, including legal counsel to the Company, the Joint Bookrunners and any dealer who sells shares to such purchaser and may be included in record books in connection with the Fundraise; and that by purchasing the Placing Shares, it will be deemed to have consented to the foregoing collection, use and disclosure of its personal information and the filing of copies or originals of any of its documents submitted hereunder as may be required to be filed with any securitiescommission or stock exchange in connection with the transactions contemplated hereby;58. it understands that certain information provided by it, including its name, address, telephone number and email address, the number of shares being purchased, the exemption being relied upon by it in purchasing the shares and its registrant or insider status, if applicable, may be required to be disclosed to the applicable securities regulatory authorities, such information, if requested, is being collected by such securities regulatory authorities under the authority granted to each of them under securities legislation and it will be deemed to have authorised the indirect collection of such information by such securities regulatory authorities. This information is being collected for the purposes of the administration and enforcement of the securities legislation of such jurisdictions. In the event the purchaser has any questions with respect to the indirect collection of such information by such securities regulatory authorities and regulators, it should contact the applicable securities regulatory authority or regulator using the contact information on the Canadian Securities Administrators website: https://www.securities-administrators.ca/about/contact-us/; and59. if required by applicable Canadian securities laws (including any policies of the TSX-V), it will execute, deliver and file or assist the Company in filing such report, undertakings and other documents relating to the purchase of the shares as may be required.The foregoing acknowledgements, confirmations, undertakings, representations, warranties and agreements are given for the benefit of each of the Company and each Bank (for their own benefit and, where relevant, the benefit of their respective Affiliates and its and their respective Representatives and any person acting on behalf of any of them) and are irrevocable.MiscellaneousThe agreement to allot and issue CREST Depositary Interests representing the Placing Shares to Placees (or the persons for whom Placees are contracting as nominee or agent) free of UK stamp duty and UK stamp duty reserve tax relates only to their allotment and issue to Placees, or such persons as they nominate as their agents, direct from the Company for the Placing Shares in question. Neither the Company nor any Bank nor any of their respective Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them will be responsible for any UK stamp duty or UK stamp duty reserve tax (including any interest, fines and penalties relating thereto) arising in relation to the Placing Shares in any other circumstances.Such agreement is subject to the representations, warranties and further terms above and also assumes, and is based on a warranty and representation from each Placee, that the Placing Shares are not being subscribed for in connection with arrangements to issue depositary receipts or to issue or transfer the Placing Shares into a clearance service. Neither the Company nor any Bank nor any of their respective Affiliates nor any of its or their respective Representatives nor any person acting on behalf of any of them is liable to bear any Transfer Taxes that arise: (i) if there are any such arrangements (or if any such arrangements arise subsequent to the subscription by Placees of Placing Shares); (ii) on a sale of Placing Shares; or (iii) otherwise than under the laws of the United Kingdom.Each Placee to whom (or on behalf of whom, or in respect of the person for whom it is participating in the Placing as an agent or nominee) the allocation, allotment, issue or delivery of Placing Shares has given rise to such Transfer Taxes undertakes to pay such Transfer Taxes forthwith, and agrees to indemnify on an after-tax basis and hold each Bank and/or the Company (as the case may be) and their respective Affiliates, its and their respective Representatives and any person acting on behalf of any of them harmless from any such Transfer Taxes, and all interest, fines or penalties in relation to such Transfer Taxes. Each Placee should, therefore, take its own advice as to whether any such Transfer Tax liability arises.In this Announcement, "after-tax basis" means in relation to any payment made to the Company, any Bank, their respective Affiliates or its or their respective Representatives pursuant to this Announcement where the payment (or any part thereof) is chargeable to any tax, a basis such that the amount so payable shall be increased so as to ensure that after taking into account any tax chargeable (or which would be chargeable but for the availability of any relief unrelated to the loss, damage, cost, charge, expense or liability against which the indemnity is given on such amount (including on the increased amount)) there shall remain a sum equal to the amount that would otherwise have been so payable.Each Placee and any person acting on behalf of each Placee acknowledges and agrees that each Bank and/or any of its Affiliates may, at their absolute discretion, agree to become a Placee in respect of some or all of the Placing Shares. Each Placee acknowledges and is aware that each Bank is receiving a fee in connection with its role in respect of the Placing as detailed in the Placing Agreement.When a Placee or person acting on behalf of the Placee is dealing with any Bank any money held in an account with such Bank on behalf of the Placee and/or any person acting on behalf of the Placee will not be treated as client money within the meaning of the rules and regulations of the FCA made under the FSMA. The Placee acknowledges that the money will not be subject to the protections conferred by the client money rules; as a consequence, this money will not be segregated from the relevant Bank's money in accordance with the client money rules and will be used by the relevant Bank in the course of its own business; and the Placee will rank only as a general creditor of that Bank.The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares.All times and dates in this Announcement may be subject to amendment by the Company and the Joint Bookrunners (in their absolute discretion). The Joint Bookrunners shall notify the Placees and any person acting on behalf of the Placees of any changes.Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser.The provisions of this Appendix may be waived, varied or modified as regards specific Placees or on a general basis by the Joint Bookrunners.The rights and remedies of each Bank and the Company under the terms and conditions set out in this Appendix are in addition to any rights and remedies which would otherwise be available to each of them and the exercise or partial exercise of one will not prevent the exercise of others.Time is of the essence as regards each Placee's obligations under this Appendix.Any document that is to be sent to it in connection with the Placing will be sent at its risk and may be sent to it at any address provided by it to any Bank.Each Placee may be asked to disclose, in writing or orally to each Bank: (a) if they are an individual, their nationality; or (b) if they are a discretionary fund manager, the jurisdiction in which the funds are managed or owned.APPENDIX IIDEFINITIONSThe following definitions apply throughout this Announcement unless the context otherwise requires:"Admission"means admission of the Placing Shares to trading on AIM; "Affiliate"has the meaning given in Rule 501(b) of Regulation D under the US Securities Act or Rule 405 under the US Securities Act, as applicable and, in the case of the Company, includes its subsidiary undertakings; "AIM"means the market of that name operated by the London Stock Exchange; "AIM Rules"means the AIM Rules for Companies (including the guidance notes) published by the London Stock Exchange and as amended from time to time; "Announcement"means this announcement (including its Appendices); "ARC"means Alternative Resource Capital, a trading name of Shard Capital Partners LLP; "Banks"means, together, the Joint Bookrunners, and each of them a "Bank"; "Bookbuild"means the bookbuilding process to be commenced by the Banks to use reasonable endeavours to procure Placees for the Placing Shares, as described in this Announcement and subject to the Terms and Conditions and the Placing Agreement; "Business Day"means any day (excluding Saturdays, Sunday and public holidays) on which banks in each of the City of London, England and Vancouver, Canada are open for business; "COBS"means the FCA Handbook Conduct of Business Sourcebook; "Common Share"means a common share of no par value in the capital of the Company; "Company"means Mkango Resources Ltd; "Conditions"has the meaning given to it in Appendix I to this Announcement; "Corporations Act"means the Corporations Act 2001 of the Commonwealth of Australia; "CREST"means the relevant system (as defined in the Uncertificated Securities Regulations 2001 (SI 2001 No. 3755)) in respect of which Euroclear is the Operator (as defined in such Regulations) in accordance with which securities may be held and transferred in uncertificated form; "CREST Depositary Interests"means the dematerialised depositary interests issued or to be issued by the CREST Depositary in respect of and representing Common Shares on a one-for-one basis; "Directed Selling Efforts"means "directed selling efforts" as that term is defined in Rule 902(c) of Regulation S, which, without limiting the foregoing, but for greater clarity in this Appendix, include, subject to the exclusions from the definition of directed selling efforts contained in Regulation S, any activity undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the Placing Shares and includes the placement of any advertisement in a publication with a general circulation in the United States that refers to the offering; "EU Prospectus Regulation"means Regulation (EU) 2017/1129; "Euroclear"means Euroclear UK & International Limited, a company incorporated under the laws of England and Wales; "EUWA"means the European Union (Withdrawal) Act 2018, as amended; "Exchange Information"has the meaning given to it in Appendix I to this Announcement; "FCA"means the UK Financial Conduct Authority; "FSMA"means the Financial Services and Markets Act 2000, as amended; "Fundraise"means the Subscription, the Placing, the LIFE Offering and the Retail Offer; "Group"means the Company and its subsidiary undertakings; "H&P"means H & P Advisory Limited; "HK Professional Investor"means "professional investors" as such term is defined in the Securities and Futures Ordinance of Hong Kong (Cap. 571, Laws of Hong Kong) and the subsidiary legislation made thereunder; "Hong Kong"means the Hong Kong Special Administrative Region of the People's Republic of China; "Joint Bookrunners"means H & P Advisory Limited, Peel Hunt LLP and ARC, and each of them a "Joint Bookrunner"; "LIFE Offering"means the non-pre-emptive private placement of new Common Shares pursuant to the Listed Issuer Financing Exemption (under applicable Canadian securities laws) at the Placing Price; "LIFE Offering Shares"means the new Common Shares to be made available under the LIFE Offering; "Listed Issuer Financing Exemption"means the Listed Issuer Financing Exemption under Part 5A of NI 45-106 as amended by Coordinated Blanket Order 43-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption in British Columbia, Alberta, Saskatchewan and Ontario; "London Stock Exchange"means London Stock Exchange plc; "Long Stop Date"means 24 April 2026; "Material Adverse Change"means any adverse change in, or any development reasonably likely to involve an adverse change in the condition (financial, operational or legal), earnings, business, management, properties, assets, rights or results of operations which is material in the context of the Group, taken as a whole; "MiFID II"means EU Directive 2014/65/EU on markets in financial instruments; "MiFID II Product Governance Requirements"means the product governance requirements of (a) MiFID II; (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures; "NI 45-106"National Instrument 45-106 - Prospectus Exemptions; "Offer Shares"means the Placing Shares, the LIFE Offering Shares, the RetailBook Offer Shares and the Subscription Shares; "Order"means the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended; "Peel Hunt"means Peel Hunt LLP; "Placee"means any person (including individuals, funds or otherwise) by whom or on whose behalf a commitment to subscribe for Placing Shares has been given in accordance with the Terms and Conditions; "Placing"means the placing to take place by way of the Bookbuild for which the Banks have been appointed as joint bookrunners (on a several basis); "Placing Agreement"has the meaning given to it in Appendix I to this Announcement; "Placing Price"means 33 pence per Placing Share, equivalent to C$0.606375, using an exchange rate of £1:C$1.8375, being the closing rate published on the Bank of Canada website on 30 March 2026; "Placing Shares"means the new Common Shares to be subscribed for by the Placees under the Placing; "POATR"means the Public Offers and Admissions to Trading Regulations 2024; "Product Governance Requirements"means the MiFID II Product Governance Requirements and the UK Product Governance Requirements; "Qualified Institutional Buyer" or "QIB"means a "qualified institutional buyer" as defined in Rule 144A of the US Securities Act; "Qualified Investors"mean persons who are qualified investors within the meaning of Article 2(e) of the EU Prospectus Regulation; "Red Cloud"means Red Cloud Securities Inc. which is acting as Canadian adviser in respect of the Placing and the LIFE Offering; "Regulation D"means Regulation D under the US Securities Act; "Regulation S"means Regulation S under the US Securities Act; "Regulations"has the meaning given to it in Appendix I to this Announcement; "Regulatory Information Service"means a primary information provider approved by the FCA and on the FCA's list of Registered Information Services; "Relevant Persons"mean persons who are qualified investors within the meaning of paragraph 15 of Schedule 1 of the POATR who are: (i) persons who fall within the definition of "investment professionals" in Article 19(5) of the Order; (ii) persons who fall within Article 49(2)(a) to (d) of the Order; or (iii) persons to whom this Announcement may otherwise be lawfully communicated; "Representative"has the meaning given to it in Appendix I to this Announcement; "Restricted Territory"means the United States, Australia, Japan, the Republic of South Africa, Hong Kong or any other jurisdiction in which the release, publication or distribution of this Announcement and/or an offer to issue or sell, or the solicitation of any offer to acquire, purchase or subscribe for, the Placing Shares is unlawful; "RetailBook Offer Shares"means the new Common Shares to be made available under the Retail Offer; "Retail Offer"means the conditional offer of the RetailBook Offer Shares to be made to retail investors by the Company through intermediaries using the RetailBook platform and on the basis of the terms and conditions to be set out in the Retail Offer Announcement; "Retail Offer Announcement"means the announcement to be dated the date of this Announcement giving details, among other things, of the Retail Offer; "SFA"means the Securities and Futures Act, 2001 of Singapore; "Subscription"means the direct subscription by certain investors outside of the US and Canada for new Common Shares pursuant to subscription agreements to be entered into with the Company; "Subscription Shares"means the new Common Shares to be subscribed for by subscribers under the Subscription; "subsidiary" or "subsidiary undertaking"each have the meaning given to that term in the Companies Act 2006; "Target Market Assessment"means the assessment that the Placing Shares are: (a) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II or the COBS (as applicable); and (b) eligible for distribution through all distribution channels as are permitted by MiFID II or the FCA Handbook Product Intervention and Product Governance Sourcebook (as applicable); "Terms and Conditions"means the terms and conditions of the Placing set out in Appendix I to this Announcement; "Terms of Placing"has the meaning given to it in Appendix I to this Announcement; "Transfer Taxes"means any stamp duty or stamp duty reserve tax or any other similar duties or taxes (including, without limitation, other stamp, issue, securities, transfer, registration, capital, execution, or documentary or other similar imposts, duties or taxes), together with any interest, fines and penalties relating thereto; "TSX-V"means the TSX Venture Exchange; "TSX-V Rules"means the rules and policies, appendices and forms of TSX-V as set forth in the TSX-V Corporate Finance Manual, as amended from time to time; "UK Market Abuse Regulation"means assimilated Regulation (EU) No 596/2014, including the delegated acts, implementing acts, technical standards and guidelines thereunder, as it forms part of the law of the United Kingdom by virtue of the EUWA; "UK MiFIR"means assimilated Regulation (EU) No 600/2014 as it forms part of the law of the United Kingdom by virtue of the EUWA; "UK Product Governance Requirements"means the product governance requirements contained within the FCA Handbook Product Intervention and Product Governance Sourcebook; "uncertificated" or "in uncertificated form"means in respect of a share or other security, where that share or other security is recorded on the relevant register of the share or security concerned as being held in uncertificated form in CREST and title to which may be transferred by means of CREST; "United Kingdom" or "UK"means the United Kingdom of Great Britain and Northern Ireland; "United States" or "US"means the United States of America, its territories and possessions, any state of the United States of America, the District of Columbia and all other areas subject to its jurisdiction and any political sub-division thereof; "US Investor Letter"means the letter in the form provided by the Banks to QIBs in the United States; and "US Securities Act"means the U.S. Securities Act of 1933, as amended. Unless otherwise indicated in this Announcement, all references to "£", "GBP", "pounds", "pound sterling", "sterling", "p", "penny" or "pence" are to the lawful currency of the United Kingdom from time to time. All references to "C$", "CAD" or "Canadian Dollars" are to the lawful currency of Canada.The TSX Venture Exchange has neither approved nor disapproved the contents of this Announcement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Proposed Fundraise of Approximately £10 Million

Canadian Investment Regulatory Organization Trading Halt - MKAMarch 31, 2026 11:45 AM
PR Newswire (Canada)

VANCOUVER, BC, March 31, 2026 /CNW/ - The following issues have been halted by CIROCompany: Mkango Resources Ltd.TSX-Venture Symbol: MKA All Issues: YesReason: Pending News Halt Time (ET): 11:36 AMCIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Original: Canadian Investment Regulatory Organization Trading Halt - MKA

Suspension de la négociation par l'Organisme canadien de réglementation des investissements - MKAMarch 31, 2026 11:48 AM
PR Newswire (Canada)

VANCOUVER, BC, le 31 mars 2026 /CNW/ - L'OCRI a suspendu la négociation des titres suivants :Société : Mkango Resources Ltd.Symbole à la Bourse de croissance TSX : MKA Les titres : OuiMotif : Nouvelle en attenteHeure de la suspension (HE) : 11 h 36 L'OCRI peut prendre la décision de suspendre (ou d'arrêter) temporairement les opérations à l'égard d'un titre d'une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d'assurer le bon fonctionnement d'un marché équitable. L'OCRI est l'organisme d'autoréglementation national qui surveille l'ensemble des courtiers en placement et l'ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.SOURCE L’Organisme canadien de règlementation des investissements (OCRI) - Arrêts/Reprises

Original: Suspension de la négociation par l'Organisme canadien de réglementation des investissements - MKA

Mkango Resources Limited Announces Feasibility Study: Songwe & PFS Results: PULAWYMarch 19, 2026 4:20 AM
ACCESS NewswireTHIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA AND THE UNITED KINGDOM ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.MKANGO ANNOUNCES RESULTS OF UPDATED FEASIBILITY STUDY FOR THE SONGWE HILL RARE EARTHS PROJECT IN MALAWI AND PRE-FEASIBILITY RESULTS FOR THE PROPOSED PULAWY RARE EARTH SEPARATION PLANT IN POLANDCALGARY, AB / ACCESS Newswire / March 19, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango") is pleased to announce the results of the updated definitive feasibility study ("DFS") for the Songwe Hill Rare Earths Project ("Songwe" or the "Project") in Malawi, and results of a pre-feasibility study ("PFS") for the proposed Pulawy Rare Earths Separation Plant ("Pulawy") in Poland.Alexander Lemon, President of Mkango commented: "We are delighted to announce the results of our updated NI 43-101 DFS for the Songwe Hill Rare Earths project and the PFS results for the Pulawy Rare Earth Separation Plant. Incorporating revised rare earth pricing, capital and operating cost assumptions, these studies reflect our commitment to moving these high-quality projects forward. As one of the few companies in the sector to update feasibility studies with current market pricing, Mkango is uniquely positioned as a future supplier of both mined and recycled rare earths - a critical differentiator as global demand for green transition materials accelerates. Songwe in Malawi and Pulawy in Poland are landmark projects for the communities and economies they are expected to transform and our mission to deliver sustainable, long-term value for our shareholders."Based on updated feasibility-study inputs and assumptions regarding rare earth pricing, production volumes, recoveries, capital and operating costs, discount rates, tax regimes, project schedules, and market demand forecasts, as well as the technical, environmental and regulatory parameters set out in the DFS and PFS and as summarised in this release (the " Study-level Assumptions "), selected study-level outputs from the DFS and PFS include:Songwe is among the very few rare earths projects globally to have achieved the DFS stage, with a Mining Development Agreement, a full Environmental, Social, Health Impact Assessment ("ESHIA") completed in compliance with IFC Performance Standards. The Global Industry Standard on Tailings Management (2020) ("GISTM") has been adopted for design and management of the tailings storage facility, as well as Songwe being selected as a strategic project under the European Union Critical Raw Materials Act ("CRMA").Songwe will produce a value-add purified mixed rare earth carbonate ("MREC") product, which can be sold into international markets and is suitable for the proposed Pu l awy separation plant in Poland.Neodymium, praseodymium, dysprosium and terbium are critical for the green transition, used in permanent magnets for electric vehicles, wind turbines and many electronic devices.Operating life of 18 years for Songwe, withproduction averaging 5,954tonnes per year total rare earth oxides ("TREO") for the first full five years of production, including 1,953 tonnes per year of neodymium and praseodymium oxides, and 56 tonnes per year of dysprosium and terbium oxides, in aMREC grading 55% TREO (dry basis).Songwe initial capital expenditure ("capex") of approximately US$325.5 million (including a US$27.8 million contingency) for development of mine, mill, flotation and hydrometallurgy plants, tailings storage facility, and related project infrastructure in Malawi.Pu l awy initial plant capex ofapproximatelyUS$212 million (including a US$35.4 million contingency) for development of a Rare Earth Separation plant and related project infrastructure in Poland.Songwe post-tax net present value ("NPV") of approximately US$339 million, using a 10% nominal discount rate, with an internal rate of return ("IRR") of 24%, payback period of 3.4 years from start of full production and post-tax life-of-operations nominal cash flow of US$1.55 billion.Pu l awy post-tax NPV of approximately US$779 million, using a 10% nominal discount rate, with an IRR of 40%, payback period of 2.12 years from start of full production and post-tax life-of-operations nominal cash flow of US$4.95 billion.Applying Adamas Intelligence upside forecasts [1] , Songwe's post-tax NPV increases to approximately US$489 million with a nominal IRR of 29%, payback period of 2.9 years from start of full production and post-tax life-of-operations nominal cash flow of $2.04 billion while Pu l awy's expanded 100% neodymium/praseodymium ("NdPr") separation case rises to a post-tax NPV of approximately US$892 million and nominal IRR of 43%, payback period of 1.89 years from start of full production and post-tax life-of-operations nominal cash flow of $5.58 billion.Summary of Selected Financial DFS-level outputs for Songwe Hill - Post-Tax BasisItemUnitValueLife of operations post-tax nominal cash flowUS$ million1,554.0Payback period from project start 1Years5.9Payback period from start of full productionYears3.4Post-tax NPV at 10% (nominal) discount rateUS$ million339.5Post-tax IRR (nominal)%24.31 Assumes project start i.e. start of capital expenditure in July 2027.2 Figures based on Mkango owning all of the shares of Mkango Rare Earths Limited (" MKAR "). Mkango's interest in MKAR will be diluted following the proposed business combination with Crown Proptech Acquisitions and related proposed listing on Nasdaq of the MKAR shares to a significant majority interest, subject to the final transaction structure. It is expected that MKAR will be a "controlled company" for Nasdaq listing purposes.Songwe - Project OverviewMkango appointed SENET, a DRA Global company, as the principal consultant to complete the original and the updated DFS. SENET is a leading engineering, procurement and construction management (EPCM) minerals processing and project delivery firm located in Africa. Other primary consultants for the updated DFS included the following:Geology, Mineral Resource, and Geotechnical Investigation : The MSA Group (Pty) Ltd ("MSA")Mining : Bara Consulting (Pty) Ltd ("Bara")Comminution : Grinding Solutions Limited (" Grinding Solutions "), KeramosProcess Plant including On-Site and Off-Site Infrastructure : SENET, a DRA Global Company (" SENET ")Hydrometallurgy : Australian Nuclear Science and Technology Organisation (" ANSTO ")Flotation : KYSPY Investments (Pty) Ltd (" KYSPYmet "), ALS Metallurgy (Pty) Ltd (" ALS Metallurgy ")Tailings Storage Facility (TSF) : Epoch Resources (Pty) Ltd (" Epoch ")Environmental, Social and Health Impact Assessment (ESHIA) : Digby Wells and Associates (Pty) Ltd (" Digby Wells Environmental "), Kongiwe Environmental (Pty) LtdGeochemistry: SGS Australia (Pty) LtdGeotechnical testwork : Western Geotechnical and Laboratory ServicesLogistics : C. Steinweg Bridge (Pty) LtdMarket Intelligence : Adamas Intelligence Inc (" Adamas ")The DFS is based on a conventional open pit contract mining operation, feeding mills, flotation and hydrometallurgy plants on site in Malawi to produce a MREC, with an operating life (mining and processing) of 18 years. The Company believes there is potential to increase the mine life given the additional Inferred Resource, and the potential to expand the Mineral Resource. The DFS supports the declaration of a Proven and Probable Mineral Reserve Estimate of 18.1 million tonnes grading 1.16% TREO.Songwe features broad zones of outcropping rare earth mineralisation on the northern slopes of a steep sided hill. The annual processing capacity is assumed to be approximately 1.0 million tonnes per year of ore producing an average of 5,954 tonnes of TREO in MREC per year for the first five years and 4,081 tonnes of TREO in MREC per year in years 6 to 18. The MREC will be cerium depleted. Because cerium is currently considered to have challenging market fundamentals, there is a strong economic rationale to remove as much cerium as possible and, as a result, a large proportion of the cerium will be removed from the MREC during the hydrometallurgical process. Confirmation of the flotation and hydrometallurgical processing flow sheets was underpinned by seven piloting campaigns at ALS Metallurgy and ANSTO.The final stage of hydrometallurgical piloting at ANSTO produced MREC grading 55% TREO equivalent, enriched in Nd/Pr oxides, which together made up 31% of the rare earth oxide content in the carbonate product (i.e. Nd/Pr oxides / TREO = 31%).Energy supply of 25 megawatts ("MW") is expected to be obtained from the Malawi grid network for the Project, which in Malawi is from hydroelectric and solar sources. A 25 MW back up solar farm with battery storage and diesel generators is also expected to be installed.The MREC is expected to be exported via largely existing infrastructure. The Project is located approximately 95 km by road from Blantyre, the largest commercial centre in Malawi, which is served by a rail head and international airport.There have been significant improvements to local infrastructure in recent years. The Malawi Roads Authority has upgraded an existing government road from nearby Migowi to the Songwe Hill project site. This 15 -km government road has been upgraded and widened to an all-weather gravel road with reinforced concrete culverts, embankments and bridges installed.The MREC is expected to be sold to the proposed Pulawy project in Poland for separation. The DFS is based on the sale of MREC.The Pulawy PFS, completed by PRODEO Consulting (Pty) Ltd and dated 19 March, 2026, indicates a separation cost of approximately US$2.14 [2] per kilogram of TREO in MREC to produce the designated product suite at Pulawy. The PFS forecasts a separation plant CAPEX for the proposed separation plant (expanded capacity, 100% separation plant option) targeted at approximately US$212 million [3] .Based on the Study-level Assumptions, the following summary of the key inputs and results of the updated Songwe DFS is presented in the tables below:Summary of Mining and Processing Inputs and Results - Average over First Full Five YearsItemUnitValueMining Average yearly ore minedkt2,186Average TREO grade mined%1.19Average yearly waste minedkt3,667Average strip ratio (waste:ore) 1.68Processing Average yearly flotation plant feedkt1,000.8Average plant feed TREO grade%1.50Flotation TREO concentrate grade%15.05Average TREO recovery to concentrate%74.10Average yearly flotation concentrate feed to hydrometallurgical plantkt74.06Average NdPr oxide hydrometallurgical recovery to carbonate%85.3Average Ce oxide hydrometallurgical recovery to carbonate%20.9Average yearly TREOs in carbonate productt5,954Average carbonate TREO grade%55Average yearly carbonate production (dry basis)t10,826Summary of Mining and Processing Inputs and Results - Life of Operations (averages)ItemUnitValueLife of operations (mining and processing)Years18Mining Average yearly ore minedkt1,481Average TREO grade mined%1.16Average yearly waste minedkt3,311Average strip ratio (waste:ore) 2.2Processing Average yearly flotation plant feedkt1,000.8Average plant feed TREO grade%1.16Flotation TREO concentrate grade%11.64Average TREO recovery to concentrate%74.10Average yearly flotation concentrate feed to hydrometallurgical plantkt74.06Average NdPr oxide hydrometallurgical recovery to carbonate%85.3Average Ce oxide hydrometallurgical recovery to carbonate%20.9Average yearly TREOs in carbonate productt4,634Average carbonate TREO grade%55.00Average yearly carbonate production (dry basis)t8,425Summary of Mining and Processing Inputs and Results - Life of Operations (totals)ItemUnitValueMining Total ore minedkt18,147.8Total waste minedkt40,553.9Strip ratio (waste: ore) 2.2Processing Total flotation concentrate feed to hydrometallurgical plantkt1,341.4Total contained TREO in carbonate productkt83.4Total carbonate production (dry basis)t151,644Market and Financial AnalysisA detailed financial model was constructed based on input parameters and the Study-level Assumptions set out in the DFS. Free cash flows were modelled in both real and nominal terms for a range of discount rates and on a debt free basis.MREC price forecasts and underlying rare earth oxide ("REO") price forecasts were based on the following current market analysis by Adamas Intelligence from their Q4 2025 dated report entitled Rare Earth Market Outlook: Independent Analysis for Inclusion in Mkango Resources' Songwe Hill Feasibility Study (the "Adamas Analysis"). Adamas Intelligence highlights that from 2024 through 2040:Global demand for NdFeB magnets is expected to increase at a compound annual growth rate ("CAGR") of 8.5%, bolstered by double-digit growth from the electric vehicle and wind power sectors, translating into comparable demand growth for the rare earth elements ("REEs") (i.e., neodymium, praseodymium, dysprosium and terbium) that these magnets contain.Global production of neodymium, praseodymium, dysprosium and terbium are forecast to collectively increase at a slower CAGR of 7.4 % as the supply side of the market increasingly struggles to keep up with rapidly growing demand.Based on the Adamas Analysis, from 2024 through 2040, the global rare earth industry is expected to consistently underproduce neodymium, praseodymium, dysprosium and terbium oxides (or oxide equivalents), resulting in the depletion of historically accumulated inventories and, ultimately, shortages of these critical magnet materials if supply is not increased beyond the levels currently anticipated.Songwe offers strong economic exposure to the rare earth permanent magnet sector, which is the fastest-growing end-use category for rare earths and the one most in need of additional rare earth supplies. Based on the DFS metallurgical recoveries, MREC composition, and the Adamas Analysis, the DFS indicates that the high proportion of valuable magnet-related REEs in the Songwe Hill project's prospective TREO production means that a future mine (with separation) could generate approximately 95% of its rare earth revenues from just 34% of its production volume.Adamas Intelligence forecasts the following for the basket value (real 2025 US dollars) of Songwe Hill's TREO production:Base case: US$28.40/kg in 2025 increasing to US$69.60/kg in 2034Upside scenario: US$28.91/kg in 2025 increasing to US$79.39/kg in 2034The key revenue drivers for Songwe are neodymium and praseodymium. The base case basket value and MREC price forecasts reflect underlying neodymium oxide (Nd oxide) and praseodymium oxide (Pr oxide) price forecasts.Based on the preceding assumptions and the other Study-level Assumptions, the discounted cash flow valuation analysis for the base case in the DFS provided the following results:NPV at 10% (nominal) (7.3% real) of US$339 million as at 30 June 2025IRR of 24.3% (nominal) (21.3% real)These are project-level economic assessment outputs used to evaluate potential economic viability and do not constitute corporate-level forecasts or guidance. Actual results may differ materially if Study-level Assumptions change.NPVs of Songwe Hill Project 1Financial
EvaluationNominal
Discount
Rate
(%)Real
Discount
Rate
(%)Adamas Intelligence
Base Case
Post-Tax NPV
(US$m)Adamas Intelligence
Upside Case
Post-Tax NPV
(US$m) 8.05.37461.2644.8Base Case10.07.32339.5488.5 12.09.27247.3369.8 Nominal Internal Rate of Return24.3%29.3%Real Internal Rate of Return21.3%26.1%1 As at 30 June2025Operating CostsCash operating costs include the costs of contract mining, milling, flotation, leaching, purification and precipitation to produce a MREC in addition to other costs associated with the operation. The operating costs do not include the cost of separation, which is reflected in the 15% discount applied to the basket value of the REOs in MREC. The estimate of operating expenditure ("OPEX"), and the associated general and administration ("G&A") costs, were calculated to an accuracy of ±10% and were utilised in the economic analysis of the Project.Reagents and consumables account for 49% of estimated OPEX, with power accounting for an additional 13%. The Company and SENET, together with the Company's other consultants, have identified opportunities to reduce reagent consumption and optimise the flowsheet. This will be investigated further in parallel with front end engineering and design (" FEED ") work for Songwe.Operating Costs - Average over First Full Five YearsItemValue (US$/kg TREO)Mining5.4Beneficiation - Milling and Flotation9.1Hydrometallurgical Plant5.2G&A and Other2.5Total Operating Costs22.3Operating Costs - Average over Life of OperationsItemValue (US$/kg TREO)Mining4.4Beneficiation - Milling and Flotation11.6Hydrometallurgical Plant6.8G&A and Other3.2Total Operating Costs26.1Capital ExpenditureThe estimate of initial capital expenditure costs was calculated to an accuracy of ±10% and was utilised in the economic analysis of the Project. The largest capex component is an integrated processing plant comprising a mill, flotation plant, hydrometallurgical plant, and a sulphuric acid plant with co-generated power capacity. The capex estimate for the integrated processing plant was completed by SENET and covers the design, engineering, procurement, supply/manufacture, construction and pre-commissioning of the proposed new processing facility and associated plant complex infrastructure including a 24.4 MW solar facility. Other major capex items include the cost of a lined tailings storage facility with design provided by Epoch.Based on the Study-level Assumptions in the DFS, total initial capital expenditure is US$297.8 million, not including a contingency of US$27.8 million.Capital Cost SummaryItemValue (US$ million)Total Development Capital297.8Contingency27.8Total Development Capital Including Contingency325.5Sustaining capital and reclamation91.5Total Capital Expenditure417.0Capital Cost BreakdownDescriptionCAPEX (US$)Contingency (US$)Total CAPEX (US$)Earthworks8,151,015776,2878,927,303Civil Works - Plant19,480,1132,060,39721,540,510Civil Works - Infrastructure2,068,686197,0182,265,704Infrastructure2,918,556138,9793,057,535Structural Steel6,345,323423,0226,768,345Plate Work2,658,354177,2242,835,578Tankage4,332,050322,0474,654,097Machinery and Equipment52,477,3782,894,43655,371,814Piping5,404,822557,3325,962,154Valves1,708,249176,1501,884,399Electricals12,266,339676,56112,942,899Instrumentation4,887,810504,0195,391,829Transport5,354,754600,1165,954,870E&I Installation7,513,682715,5898,229,270SMPP Installation27,828,2592,650,31030,478,569TOTAL DIRECT FIELD COSTS163,395,39112,869,485176,264,875Commissioning Spares261,00439,151300,1552-Year Operational Spares1,887,855283,1782,171,033Insurance and Critical Spares2,207,202331,0802,567,541Vendor Services3,102,209465,3313,567,541First Fills644,48396,672741,155TOTAL INDIRECT FIELD COSTS8,102,7531,215,4139,318,166TOTAL FIELD COST171,498,14414,084,898185,583,042 Project Management (EPCM)24,438,5733,665,78628,104,359Insurances and Guarantees3,290,59403,290,594TOTAL EPCM COSTS27,729,1673,665,78631,394,953TOTAL PROJECT COST199,227,31117,750,684216,977,994 Mobile Plant and Equipment3,899,263584,8894,484,152Generator Plant7,229,334328,6067,557,940PV Solar Plant13,545,1351,459,30515,004,440Construction Camp3,150,217472,5333,622,749TSF Phase 1 and RWD43,814,3954,381,43948,195,834Mining Pre-Production14,428,2142,164,23216,592,446Other12,460,340623,01713,083,357TOTAL OTHER COST98,526,89710,014,022108,540,919 TOTAL INITIAL COST297,754,20827,764,705325,518,913 TSF Sustaining Capital - Phases 2 to 560,236,0666,023,50766,258,573Mining Sustaining Capital532,53179,880612,411Closure Cost16,675,1381,026,61817,701,756Owners Cost6,257,078625,7086,882,785TOTAL SUSTAINING COST83,699,8137,755,71291,455,525TOTAL COST381,454,02135,520,417416,974,438The following assumptions were made in the preparation of this estimate:The LOO is 18 years.There will be a smooth transition between the various project implementation phases.Topography, Geotechnical and Materials:A 2 m deep soil improvement was assumed below all the earthworks platforms.All the required fill material was assumed to be available within a 2 km radius, from either necessary excavations or designated borrow pits.No piling allowance has been included in the estimate.For the intermediate and hard rock excavations, 20 % and 15 % of the bulk excavations volume was allowed for, respectively.Allowance was made for grading of the PV plants to a maximum gradient of 14 %. This was done to allow for the axial movement of the panels.The process water pond and events pond were considered to have double HDPE liner systems while the raw water pond was considered to have a single HDPE liner system. All the relevant geotextiles and installation of the systems were included.The ROM wall was included as a mechanically stabilised earth wall with a gabion face. It was assumed that the gabion rock for that wall face would be locally available, either from site or from commercial sources.Excavated material will be non-acid generating.No additional topographical studies were made available; therefore, the structural design was not modified.The structural design assumptions were not modified after reviewing the geotechnical report that became available after the initial assumptions had been made.Mineral Resource and Mineral Reserve EstimatesThe DFS is based on the updated Mineral Resource Estimate with an effective date of 30 June 2025, which restates the previous (2019) block model using revised pit optimisation and cut-off assumptions. No new drilling has been completed since 2018, and the geological block model remains unchanged. Inclusive Mineral Resources are presented below in order to be consistent with those reported by Mkango under the NI 43-101 standards.The Mineral Resources are reported from within an optimised pit shell and above a 0.55% TREO grade, as summarised below.The Mineral Resource Estimate has an effective date of 30 June 2025.CategoryTonnage (Mt)TREO %TREO ('000 Tonnes)Measured13.61.27173Indicated24.41.08264Measured & Indicated38.11.15437Inferred55.91.05589Notes :1.Mineral Resources have been classified in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (2014),as incorporated by reference in NI 43-101.2.All tabulated data has been rounded, and as a result minor computational errors may occur.3.Mineral Resources, which are not Mineral Reserves, have no demonstrated economic viability.4.The Mineral Resource estimate is reported on a 100% ownership basis.5.Mineral Resources are reported from within an optimised pit shell.6. For the purposes of assessing reasonable prospects for economic extraction and cut-off grade, metallurgical recoveries were applied to individual rare earth oxides. The average total rare earth oxide metallurgical recovery is 39.6%.7. Mineral Resources include the portion converted to Mineral Reserves.8. Mineral Resources are reported on an in-situ basis without applying modifying factors.9. A mean density of 2.73 t/m³ was applied for Measured, 2.67 t/m³ for Indicated and 2.77 t/m³ for Inferred Resources.TREO = La 2 O 3 , CeO 2 , Pr 6 O 11 , Nd 2 O 3 , Sm 2 O 3 , Eu 2 O 3 , Gd 2 O 3 , Tb 4 O 7 , Dy 2 O 3 , Ho 2 O 3 , Er 2 O 3 , Tm 2 O 3 , Yb 2 O 3 , Lu 2 O 3 , and Y 2 O 3The following sensitivity analyses are based on the updated Mineral Resource statement with an effective date of 30 June 2025. The sensitivity of the Mineral Resource at a variety of cut-off grades for the combined Measured and Indicated categories is presented in the following table.Cut-off
TREO %Tonnage (Mt)TREO %TREO ('000 Tonnes)0.4540.21.114480.5538.11.154370.6535.21.194200.7531.71.253960.8527.81.313651.0021.91.41310The Inferred Mineral Resources are presented at a variety of cut-off grades in the table below.Cut-off
TREO %Tonnage (Mt)TREO %TREO ('000 Tonnes)0.4559.71.026080.5555.91.055890.6549.91.115530.7543.51.175080.8537.01.234561.0028.11.33373The DFS supports the declaration of a Mineral Reserve Estimate for the Project. The results of the DFS have shown that the mining inventory included in the study, which is derived from only Measured and Indicated Mineral Resources, can be viably mined based on the techno-economic assumptions in the DFS. Mineral Reserves resulting from Measured Mineral Resources have been considered as Proven Mineral Reserves while those generated from Indicated Mineral Resources are categorised as Probable Mineral Reserves.The TREO grades presented below are supported by individual rare earth oxide grades (including Nd2O3, Pr6O11, La2O3, CeO2 and other REEs), which are included in the table for each reserve category.CategoryTonnage (Mt)TREO %CeO 2(ppm)Dy 2 O 3(ppm)Er 2 O 3(ppm)Eu 2 O 3(ppm)Gd 2 O 3(ppm)Ho 2 O 3(ppm)La 2 O 3(ppm)Lu 2 O 3(ppm)Nd 2 O 3(ppm)Pr 6 O 11(ppm)Sm 2 O 3(ppm)Tb 4 O 7(ppm)Tm 2 O 3(ppm)Y 2 O 3(ppm)Yb 2 O 3(ppm)Proven Mineral Reserves8.161.285,7791084180190173,06942,02760629423549330Probable Mineral Reserves9.9881.074,852893466159142,63331,64249824319441025Total Ore Reserves18.1471.165,269983772173162,82941,81554726621544827Notes:1. Totals might not add up due to rounding.2. Mineral Reserves are stated as tonnages and grades delivered to the processing plant and are inclusive of dilution and mining losses expected during mining.3. Mkango owns 100 % of the Songwe Hill Project.4. The Mineral Reserve is stated at a cut-off grade of 0.6% TREO5. Ore tonnages are stated at an average in-situ density of 2.76 t/m 3 .The table below shows a summary of the total Mineral Reserves.Mineral Reserve Estimate as at 30 April 2025CategoryTonnage (Mt)TREO %TREO (t)Proven Mineral Reserves8.1601.28104,183Probable Mineral Reserves9.9881.07106,801Total Ore Reserves18.1471.16210,984Notes :1. Totals might not add due to rounding.2. Mineral Reserves are stated as tonnages and grades delivered to the processing plant and are inclusive of dilution and mining losses expected during mining.3. The Mineral Reserve estimate is reported on a 100% ownership basis.4. The Mineral Reserve is stated at a cut-off grade of 0.6% TREO.5. Ore tonnages are stated at an average in-situ density of 2.76 t/m³.6. A weighted average process recovery to carbonate of 40% was used to calculate revenue from Mineral Reserves.Mining SummaryThe mine design was completed by Bara as part of the DFS and assumed the use of a contract miner. The mine plan incorporates the use of stockpiles to manage the grade profile and maximise returns. As part of the DFS, contract mining companies were integrally involved in the process of estimating mining-related inputs.The mining method at Songwe will be conventional open-pit mining, making use of relatively small-scale trucks and diesel-hydraulic excavators, selected to match the mining conditions and required production rates. The procedure followed in arriving at the mine design was as follows:A geotechnical evaluation was completed including logging of core on site. The geotechnical data was collated in a database and used to inform a geotechnical design of the pit slope design parameters.Using the slope design parameters, mining costs obtained from mining contractors, modifying factors derived during the pre-feasibility mining study, and product price data provided by Mkango from Adamas Intelligence, a pit optimisation was completed. The results of the pit optimisation were analysed, and a pit shell was selected on which to base the DFS pit design.Various scenarios of production rate, cut-off grade application, and stockpiling strategy were tested during the pit optimisation, and informed the options selected for the DFS pit design.Mine design criteria were developed for the pit design. A practical pit design was completed which included the design of haul roads and safety berms. The overall pit was split into two phases or cutbacks.A production schedule was developed, addressing all the material types produced from the pit over the life of mine (LOM). These material types included waste, Type 1 ore (included in Mineral Reserves Estimate, mine plan and financial forecasts) and Type 2 material (stockpiled and not included in Mineral Reserves Estimate, mine plan and financial forecasts).Processing and Metallurgical SummarySongwe Hill has been the subject of comprehensive test work completed over several campaigns since 2010, ensuring that the orebody and optimal processing routes are well understood. Surface grab samples, diamond drill core samples from drilling campaigns and bulk samples have been collected during this time and were used to determine the optimal beneficiation and recovery processes for the Songwe ore. Mineralogical analyses indicates that synchysite is the main rare earth bearing mineral within the carbonatite host rock. The understanding of the ore has been of fundamental importance in developing flowsheets for the beneficiation and recovery of rare earths.The development of the processing flow sheet is underpinned by mineralogy, comminution, flotation and hydrometallurgical test work undertaken at laboratories in Australia (KYSPYmet, ALS Metallurgy, ANSTO, Keramos, SGS, Bureau Veritas, Nagrom), South Africa (Mintek), Canada (SGS, XPS) and the United Kingdom (Grinding Solutions, Camborne School of Mines, Natural History Museum, Aberystwyth University) and were complemented by three PhD research projects undertaken at Camborne School of Mines. Not only has this international effort delivered a processing flow sheet for Songwe, but it has led to a greater understanding of the mineralogy, geo-metallurgy and beneficiation processes for primary carbonatite hosted rare earth deposits.Numerous bench-scale flotation tests were completed at KYSPYmet to develop the flotation regime for the DFS. This culminated in flotation piloting carried out at ALS Metallurgy which was completed over a seven-day period. The first three days were operated on a day shift only, with results collected during the day's shift to be analysed and assessed overnight in order to optimize conditions and make any adjustments for the next day of operation. The pilot plant was operated continuously for the last four days with relatively stable conditions.Several different sets of data were collected during flotation piloting, which were used for the assessment of concentrate grade and recovery:Control Samples: Grab samples were typically taken every three to four hours during the trial on major streams. These results were used to control the circuit and make necessary changes to optimise the circuit performance.Shift Composites: Multiple samples were taken of major streams and composited together over each nominal 12-hour shift.Surveys: Multiple samples were taken of every stream in the plant over a one - two-hour period of stable operation. This data typically represents optimised results and allows a full circuit mass balance to be conducted.Timed final concentrate: The final concentrate was collected into 200 litre drums at timed intervals, nominally every three hours, and separated, filtered, sampled and assayed. This enabled the calculation of recovery (division of the REO units by the feed REO units over the time period).ANSTO has conducted test work on Songwe flotation concentrate since mid-2019 in order to develop the hydrometallurgical flow sheet. Numerous tests were completed over a two-year span, optimising conditions for each unit operation in the hydrometallurgical plant. Bench-scale test work was conducted to establish the optimal process parameters, focusing on the optimal extraction of rare earths and effective rejection of impurities that might impact rare earth recovery. After the bench-scale test work, step-through tests were conducted on consecutive processing operations using material from the previous test in the next, which further refined the conditions and target reagent consumptions, rare earth extractions, and impurity levels. Following the step-through tests, the pilot plant design criteria were generated to upscale the process to continuous piloting. In many cases, bench-scale test work, step-through test work and piloting overlapped, as various unit operations were tested in parallel. Six campaigns of hydrometallurgical piloting were completed resulting in a hydrometallurgical flow sheet comprising the following steps:Gangue leach (hydrochloric acid) and acid regeneration using sulphuric acidCaustic conversion of gangue leach residue and cerium oxidation to reject ceriumCaustic evaporation and regenerationRare earth leach of caustic conversion residuePurification and rare earth carbonate precipitationAs noted above, the final stage of hydrometallurgical piloting at ANSTO produced MREC grading 55% TREO equivalent, enriched in neodymium and praseodymium (Nd/Pr) oxides, which together made up 31% of the rare earth oxide content in the carbonate product (i.e., Nd/Pr oxides / TREO = 31%).Environmental, Social and Health Impact StudiesDigby Wells Environmental undertook the ESHIA process and Kongiwe Environmental (Pty) Ltd provided further input throughout. The ESHIA was undertaken to conform with the Malawian Environmental Management Act, No. 19 of 2017 (the EMA Act) promulgated in 2019 and in alignment with the International Finance Corporation (IFC) Performance Standards (PS) and the GISTM (2020). During the ESHIA process, Digby Wells worked with local Malawian experts, EnviroConsult, to ensure two-way knowledge transfer during the ESHIA in terms of international good practice and local expertise and compliance. The ESHIA was a culmination of over nine years of baseline studies and was reviewed and approved by the Malawi Environmental Protection Authority (MEPA) in January 2023.Extensive stakeholder engagement has been undertaken in line with IFC requirements with local communities and the Malawi government. This, in conjunction with extensive corporate social responsibility projects throughout the exploration stage, has resulted in a project enabling environment. The Project is expected to contribute to the development of Malawi by providing the country with an exportable product which is reliable, sought after and profitable, all while ensuring that minimal negative impacts occur to their surrounding environment and social fabric.Proposed Pulawy Separation Plant PFSThe pre-feasibility study ("PFS") in respect of the proposed separation plant at Pulawy was completed by PRODEO Consulting (Pty) Ltd with a base date of 25 February 2026, with no provision for escalation of OPEX or CAPEX. The PFS has a level of accuracy of ±25% as is required for an AACE Class 4 estimate [4] , (The study considered both the original design and an expanded 30,000 t/a mixed rare earth carbonate feed case (wet basis), with NdPr product split options of 0%, 50% and 100% separation.The proposed project site in Pulawy, next to the Grupa Azoty Pulawy ("GAP") fertiliser and chemicals complex, is suitable for the process plant, offering excellent infrastructure and logistics and the opportunity to leverage synergies with GAP for reagents, utilities, by-product sales and operational readiness. At current projections, the project financials are expected to improve with 100% separation of NdPr into the individual Nd and Pr constituents. The base case assumed the expanded 30 000 t/a MREC (45% TREO, wet basis) feed with 100% NdPr separation option.Subject to the Study-level Assumptions in the PFS, the key outputs from the financial model are as follows:Using Adamas base case REO pricing:NPV (10% nominal discount rate) of US$779mIRR (nominal) of 39.7%Total cash flow (nominal) of US$4.95 billionUsing Adamas Upside REO pricing:NPV (10% nominal discount rate) of US$892mIRR (nominal) of 43.4%Total cash flow (nominal) of US$5.58 billionKey assumptions for the financial model:100% NdPr separationDiscount rate of 10% (nominal)19% corporate tax rate in Poland, with a EUR 37.5 million tax relief under the special economic zone scheme2.5% per annum escalations on revenues and OPEX from 2026 onwardsRare earth carbonate feed purchase discount: 15% discount on the contained REO value in the rare earth carbonate purchased from the Project at Songwe Hill, 25% discount on the rare earth carbonate sourced from marketPayability factors of Nd oxide, Pr oxide and NdPr oxide 100%; SEGH carbonate 75%; LaCe carbonate 100% at US$2/kgAdamas Intelligence base case (Q4 2025) rare earth price forecasts (for the base case REO pricing only)Milestone schedule including an assumed engineering start date of April 2026, procurement start date of September 2026, construction start date of April 2027, commission start date of October 2028 and production ramp-up start date of Q2 2029, ending in Q1 2030Life of operations from the first year of full production is 29 years (2030 - 2058)Initial feed for the plant at 13,430 t/a REO throughput capacity expected to be sourced from the Project at Songwe Hill (45% during the first five years of Pulawy's initial seven-year operation (2030-2036), with the remaining 55% sourced from market). Following this, market-sourced carbonate is expected to increase to maintain the throughput capacityAll the reagents, utilities, power and consumables will be available locallyCAPEX is assumed to be incurred across 2027 and 2028 (25% in 2027, and 75% in 2028)Depreciation is assumed on a straight-line basis over 20 years from 2029A by-product credit of EUR 180/t has been applied for the ammonium bicarbonate by-product solution, based on a EUR 600/t reference price for 100% ammonium bicarbonate and a 50% value factor on contained ammonium bicarbonate in the 60% solution.For the financial analysis, transport costs for Songwe MREC from Beira Port to Pulawy have been assumed at US$50/t.For the financial analysis, exchange rates of US$1.00 = EUR0.85 and EUR1.00 = PLN4.22 have been assumed.The following table shows the operating cost breakdown for the proposed Pulawy separation plant options.Description50% NdPrSeparation(US$/yr)0% NdPrSeparation(US$/yr)100% NdPrSeparation(US$/yr)Reagents14 483 78914 355 49214 499 208Utilities1 785 7181 721 2151 850 700Power3 877 7723 148 9803 906 714Labour4 210 7664 210 7664 210 766Consumables680 681680 681680 681Maintenance1 058 824882 3531 129 412Analytical553 161529 812556 945General and Administration851 879851 879851 879Other Costs1 007 364961 2841 012 831TOTAL PLANT OPEX28 509 95327 342 46128 699 135USD/t REO2 1232 0362 137By-Product Credit7 328 7647 307 5667 349 963CAPEX estimates excluded various items including import duties/taxes, value added taxes ("VAT"), similar taxes, financing costs and interest during construction, forex deviations/fluctuations, sustaining capital, owner's project contingency, changes in relevant laws, final operation closure and rehabilitation costs, any provision for force majeure events, schedule delays, costs associated with additional studies. OPEX estimates excluded all operating expenditures not directly associated with the processing facility, such as environmental, social and closure costs, VAT and applicable duties on operating supplies and transportation costs, as well as organic, aqueous or solid waste disposal fees, if any.The following table shows the CAPEX breakdown for the proposed Pulawy separation plant options.DescriptionFactor (%)50% NdPrSeparation(US$)0% NdPrSeparation(US$)100% NdPrSeparation(US$)Earthworks206 384 6085 318 6486 672 952Civil Works3511 173 0649 307 63311 677 666Plant Infrastructure - Buildings51 596 1521 329 6621 668 238Buildings-14 974 95514 974 95514 974 955Structural Steel134 149 9953 457 1214 337 419Platework (Tanks)-2 594 4762 358 6062 718 396Machinery and Equipment10031 923 03926 593 23833 364 761Piping206 384 6085 318 6486 672 952Valves154 788 4563 988 9865 004 714Electricals3511 173 0649 307 63311 677 666Instrumentation154 788 4563 988 9865 004 714Commissioning Spares1319 230265 932333 648Transport103 192 3042 659 3243 336 476Vendor Services3957 691797 7971 000 943Plant First Fills (Lubricants Only)1.5478 846398 899500 471TOTAL DIRECT FIELD COSTS 104 878 94290 066 068108 945 973Control and Instrumentation Construction452 154 8051 795 0442 252 121Electrical Construction455 027 8794 188 4355 254 950TBP-474 416446 645502 187Diluent-65 79861 94669 649Heating, Ventilation and Air Conditioning-1 764 7061 764 7061 764 706Laboratory Equipment-649 733649 733649 733Two-Year Spares-1 596 1521 329 6621 668 238Strategic Spares-1 915 3821 595 5942 001 886Structural, Mechanical, Platework and Piping Construction4532 446 08628 670 37733 494 476Engineering, Procurement and Construction Management1319 626 60716 973 86720 358 509TOTAL INDIRECT COSTS 65 721 56357 476 00968 016 454TOTAL DIRECT AND INDIRECT COSTS 170 600 506147 542 077176 962 427Contingency2034 120 10129 508 41535 392 485TOTAL COSTS 204 720 607177 050 492212 354 912Financial metrics for the three NdPr separation options are summarised in the following table.Description 50% NdPrSeparation 0% NdPrSeparation 100% NdPrSeparation Total Plant Capex (US$) 204 720 607 177 050 492 212 354 912 Total Plant Opex (US$/yr) 28 509 953 27 342 461 28 699 135 OPEX (US$/kg REO in Feed) 2 123 2 036 2 137 NPV (US$m) 659.6 563.2 779.1 IRR - Nominal (%) 36.6 36.2 39.7 IRR - Real (%) 33.2 32.9 36.3 Qualified PersonsAn NI 43-101 Technical Report supporting the DFS is being prepared by SENET under the guidance of Mr. Philemon Bundo, who is a "Qualified Person" in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (" NI 43-101 "). The Qualified Person at SENET has relied on other Qualified Persons (who are specialists in their respective fields) for their respective portions of the DFS. The Qualified Person at SENET has reviewed the sections completed by others and has found no reason not to accept their work.Scientific and technical information contained in this news release relating to Geology, Mineral Resource Estimate and Geotechnical Investigation has been approved and verified by Mr. Jeremy Witley Pr. Sci Nat of The MSA Group Pty Ltd, who is a "Qualified Person" in accordance with NI 43-101.Scientific and technical information contained in this news release relating to sampling, analytical, and test data underlying the Mineral Resource Estimate has been approved and verified by Dr. Scott Swinden PGeo of Swinden Geoscience Consultants Ltd who is a "Qualified Person" in accordance with NI 43-101.The Mineral Reserve calculation was completed by Bara under the supervision of Mr. Clive Brown, who is a "Qualified Person" in accordance with NI 43-101.The tailings storage facility (TSF) study was completed by Epoch Resources under the supervision of Mr. Guy Wiid, who is a "Qualified Person" in accordance with NI 43-101.The ESHIA study was completed by Digby Wells under the supervision of Mr. Graham Trusler, who is a "Qualified Person" in accordance with NI 43-101.The process design and cost estimation as well as the design and cost estimation for the infrastructure associated with the integrated processing plant for the DFS was completed by SENET under the supervision of Mr. Philemon Bundo who is a "Qualified Person" in accordance with NI 43-101.Scientific and technical information contained in this news release in relation to metallurgical test work has been approved and verified by Mr. Philemon Bundo, who is a "Qualified Person" in accordance with NI 43-101.Market Intelligence contained in this news release in relation to the rare earth element market was completed by Adamas Intelligence Inc and has been approved and verified by Mr. Trevor Mills of Dahrouge Geological Consultant USA Ltd., who is a "Qualified Person" in accordance with NI 43-101.The NI 43-101 compliant Technical Report in respect of the results of the DFS regarding Songwe described herein will be filed on the Company's profile on SEDAR+ within the next 45 days.The design and cost estimation for the Pulawy PFS was completed by PRODEO Consulting under the supervision of Mr. Nick Dempers, who is a "Qualified Person" in accordance with NI 43-101.Independence of Qualified PersonsAll of the Qualified Persons referred to in this news release are independent of Mkango.SENET commissioned an independent review of the Songwe DCF model prepared by MKAR, which underpins the Songwe financial analysis. Fraser McGill conducted an assessment focused on internal consistency, transparency, and the reasonableness of the key economic drivers and sensitivities. The review concluded that the model captures the principal revenue and cost components required to generate project cash flows, and that the economic outputs reported are internally coherent within the stated assumptions. No material deficiencies or major red flags were identified that would undermine the economic conclusions.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. As disclosed in a news release dated 3 July 2025 and which can be located on Mkango's SEDAR+_profile, Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caFor further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.caalex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesMontfort CommunicationsNick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonSP Angel Corporate Finance LLPNominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource CapitalJoint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77H&P Advisory LimitedJoint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Market Abuse Regulation (MAR) DisclosureTheinformation contained withinthis announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publicationof this announcementvia Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking Statements and FOFIThe forward-looking statements in this news release also include financial outlooks and other forward-looking metrics relating to Mkango, Songwe Hill and Pulawy, including references to: financial and business prospects; future results of operations, performance and cash flows (including anticipated NPV, IRR and payback); estimated capital and operating costs; and expected revenue, returns, production figures and other economic results relating to Songwe Hill and Pulawy. Such information, which may be considered future oriented financial information or financial outlooks within the meaning of applicable Canadian securities laws (collectively, " FOFI "), has been approved by management of Mkango and is based on assumptions which management believes were reasonable on the date such FOFI was prepared, having regard to the industry, business, financial conditions, plans and prospects of Mkango, including the Songwe DFS and the Pulawy PFS. FOFI related to Songwe Hill is subject to the requirements of NI 43-101. The purpose of FOFI related to Pulawy is to describe the prospective performance of Pulawy based on the PFS, which may be used in connection with sourcing financing to construct Pulawy. Readers are cautioned that such information may not be appropriate for other purposes. Further, such information is highly subjective and should not be relied on as necessarily indicative of future results and actual results may differ significantly from such projections. FOFI constitutes forward-looking statements and is subject to the same assumptions, uncertainties, risk factors and qualifications as set forth below.This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "targeted", "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Forward-looking statements contained in this news release include but are not limited to: Mkango becoming a future supplier of mined rare earths, life-of-mine of Songwe Hill, cash flow projections, potential to increase mine life given additional inferred resources, annual processing capacity, assumed commodity prices and forecasting, exchange rates, construction of Pulawy, proposed plant throughput for Pulawy, projected process recovery rates, sustaining costs and proposed operating costs, assumptions about closure costs and closure requirements, assumptions about environmental, permitting and social risks . Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements.Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill and the proposed Pulawy separation plant in Poland, the ability to secure and maintain valid mining rights, permits and licenses in respect of Songwe and Pulawy, the ability to obtain feedstock for Pulawy from sources other than Songwe, changes to costs of production from what is assumed, unrecognised environmental risks, unanticipated reclamation expenses, unexpected variations in process throughput, grade or recovery rates, failure of plant, equipment or processes to operate as anticipated, changes to assumptions as to the availability of electrical power and the power rates used in the operating cost estimates and financial analysis, ability to maintain the social licence to operate, accidents, labour disputes and other risks of the industry, changes to interest rates, changes to tax rates, ability to secure offtake and supply agreements with GOP, the potential for the owner of the land on which the proposed Pulawy plant is to be built terminating the lease, the ability of Polska to obtain the necessary permits to construct the proposed Pulawy plant, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill and the separation plant in Poland, the ability of the Company to enter into agreements with customers to purchase the planned output and delivery of MREC and separated rare earth oxides, the risk that Mkango will not be able to meet its financial obligations as they fall due, competition from existing and new competitors, the growth of existing and emerging uses for MREC and separated rare earth oxides, an increase in the global supply of rare earth oxides or dumping, predatory pricing and other tactics by the Company's competitors, the ability to obtain the necessary approvals from the government of Malawi to sell the MREC, political and economic uncertainty in the jurisdictions in which the Company operates and the impact of the recently commenced war in the Middle East. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act.[1] Recent REO price movements have driven Nd & Pr oxide prices to levels broadly aligned with Adamas Intelligence's Q4 2025 base case pricing report for 2028 and upside case for 2030-2031, providing support for the forecast scenario.[2] The OPEX estimate was developed to the level of accuracy required for an AACE Class 4 estimate (an overall weighted accuracy of ±25%). The OPEX estimate has a base date of 25 February 2026, with no provision for escalation.[3] The CAPEX estimate was developed to the level of accuracy required for an AACE Class 4 estimate (an overall weighted accuracy of ±25%). The CAPEX estimate has a base date of 25 February 2026, with no provision for escalation.[4] Association for the Advancement of Cost Engineering (AACE) - Class 4 Estimate has an overall weighted accuracy of±25%.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Feasibility Study: Songwe & PFS Results: PULAWY

Mkango Resources Limited Announces HyProMag and ILS Commission Pre-Processing SystemMarch 16, 2026 3:10 AM
ACCESS NewswireHYPROMAG USA AND INTELLIGENT LIFECYCLE SOLUTIONS COMMISSION INSERMA RARE EARTH MAGNET PRE-PROCESSING SYSTEM IN SOUTH CAROLINACommissioning of Inserma hard disk drive magnet pre-processing system at the ILS facility in Williston, South CarolinaOperational milestone advances U.S. rare earth magnet recycling platform and supports domestic supply chains for advanced manufacturing and AI infrastructureThe Williston site houses two automated mobile skid-mounted Inserma pre-processing units that separate magnet assemblies from end-of-life hard disk drives in approximately three seconds per drive, with combined capacity exceeding 60,000 drives per week. CALGARY, AB / ACCESS Newswire / March 16, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce that HyProMag USA, LLC ("HyProMag USA" or the "Company"), a U.S. rare earth magnet recycling and manufacturing company, in partnership with global electronics recycling company Intelligent Lifecycle Solutions ("ILS"), hosted a commissioning event for the Inserma hard disk drive magnet separation system installed at the ILS facility in Williston, South Carolina on Friday 13 th March.The commissioning marks an operational milestone in HyProMag USA's growing U.S. rare earth magnet recycling platform and represents the first stage of feedstock preparation supporting the Company's broader "hub-and-spoke" manufacturing strategy. Under this model, magnet-bearing materials are recovered and pre-processed at regional facilities before being supplied to HyProMag USA's planned rare earth magnet recycling and manufacturing hub in Dallas-Fort Worth, Texas.The Williston facility forms part of HyProMag USA's broader U.S. development platform, which is expected to support the creation of approximately 90-100 skilled jobs across the Company's U.S. operations as facilities are developed and commissioned. At the Williston site, ILS is supporting the initial feedstock processing operations for HyProMag USA's magnet recycling platform, with four positions currently in place and plans to add approximately four additional roles as operations ramp up. The South Carolina facility will support the preparation of feedstock for HyProMag USA's planned rare earth magnet recycling and manufacturing hub [1] in Dallas-Fort Worth Texas.Federal Support for Advanced ManufacturingThe commissioning event was attended by federal, state and regional leaders who highlighted the importance of expanding domestic capabilities in critical materials and advanced manufacturing."This investment demonstrates how South Carolina continues to attract innovative companies to build the technologies that will power the next generation of American manufacturing - creating jobs," said Congressman Joe Wilson. "Rare earth minerals are critical to our national security, and we must take control of our domestic manufacturing and supply chains to protect American interests."Building a Domestic Rare Earth Magnet Supply Chain"We're grateful to Congressman Wilson and the many state and local South Carolina leaders who joined us today to mark this important milestone," said Julian Treger, CEO of CoTec Holdings Corp. (supporting HyProMag USA). "Partnership and community support are essential as we work to establish a new domestic platform for rare earth magnet recycling and manufacturing in the United States. Through collaborations with companies like ILS and strong engagement with local stakeholders, HyProMag USA is building the feedstock supply chains and operational capabilities needed to support large-scale magnet production in the years ahead.""We're proud to host this commissioning at our Williston facility and to work alongside HyProMag USA to advance rare earth magnet recycling in the United States," said Graham Davy, CEO, Intelligent Lifecycle Solutions. "By deploying advanced separation technology at this site, we're expanding our ability to recover critical materials from end-of-life electronics and prepare them for the next stage of recycling and manufacturing."Local leaders and regional economic development partners also welcomed the project:"On behalf of Barnwell County Council, I would like to welcome HyProMag USA to Barnwell County and thank them for choosing to partner with Intelligent Lifecycle Solutions here in the town of Williston," said Barnwell County Council Chairman Freddie Houston. "We look forward to working with you, and the county stands ready to assist in any way that we can. We wish you continued success and thank you for choosing Barnwell County to locate your operations.""SouthernCarolina Alliance congratulates Barnwell County and Intelligent Lifecycle Solutions on this strategic partnership with HyProMag USA in rare earth magnet recycling, said SouthernCarolina Alliance President and CEO Danny Black. "The work that HyProMag USA and ILS are doing not only creates jobs and investment in our region, but also support sustainability, strengthens our environment and enhances national security. We welcome these critical recycling operations to our region, which support both innovation and a greener, safer future."Momentum Toward U.S. Commercial ScaleThe South Carolina operation forms part of HyProMag USA's broader development strategy to establish a scalable domestic rare earth magnet recycling and manufacturing platform. Separately, HyProMag's broader global magnet recycling platform is being developed through Maginito Limited, the parent company of HyProMag Limited, with partners including Mkango Resources, CoTec Holdings and Inserma. Recent deployments include Inserma units commissioned in the United Kingdom, with additional facilities planned in Germany. [2]The Williston facility will focus on the recovery of neodymium-iron-boron ("NdFeB") magnets from end-of-life hard disk drives and other electronic equipment. The Inserma system separates magnet assemblies in approximately three seconds per drive. Each unit has the potential to process more than 30,000 hard disk drives per week on a single shift once fully operational, creating a scalable feedstock source for HyProMag USA's recycling platform.This process represents an example of "urban mining," recovering valuable rare earth materials from end-of-life electronics and industrial equipment rather than extracting them through traditional mining. These materials are used across a wide range of technologies including electric vehicles, robotics, defense systems, advanced electronics, and rapidly expanding AI and data-center infrastructure.HyProMag USA's planned facility in Dallas-Fort Worth, Texas will serve as the central hub of the Company's U.S. operations and is expected to create approximately 90-100 skilled jobs once operational. The facility will utilize HyProMag's patented Hydrogen Processing of Magnet Scrap ("HPMS") technology to recycle magnet materials recovered from facilities such as the Williston site.Together with additional pre-processing operations planned in Nevada, the network is designed to support a scalable U.S. recycling ecosystem capable of supplying domestic manufacturers with critical materials needed for next-generation technologies.As the platform expands, HyProMag USA expects to work closely with manufacturers, recyclers and infrastructure operators - including hyperscale data-center providers - to recover magnet-bearing components from end-of-life equipment and reintroduce them into domestic production.The commissioning of the Inserma system in South Carolina represents an important operational step toward that broader vision.About HyProMag USAHyProMag USA is developing advanced rare earth magnet recycling and manufacturing operations to establish a secure domestic U.S. supply chain for NdFeB magnets, essential components for AI infrastructure, defense systems, robotics, electric vehicles, and advanced electronics. Leveraging the revolutionary HPMS technology, developed over 15 years by the Magnetic Materials Group at the University of Birmingham with more than $100 million in R&D investment, the Company delivers faster magnet-to-magnet short-loop recycling that uses 88% less energy and reduces carbon emissions by 85% compared to conventional methods. HPMS accepts a wide range of magnet-bearing feedstocks - including end-of-life EV motors, data-center, and industrial equipment, consumer electronics, and manufacturing scrap - enabling recovery of magnet-grade material without chemical processing. Selected by the U.S. Department of State as a Minerals Security Partnership project, HyProMag USA is targeting 10% of U.S. domestic magnet supply within five years, ensuring supply chain security and resilience for technologies critical to national defense and economic competitiveness.OwnershipHyProMag USA LLC is owned 50:50 by CoTec and HyProMag Limited. HyProMag Limited is 100 per cent owned by Maginito Limited which is owned on a 79.4/20.6 per cent basis by Mkango Resources Ltd. (AIM/TSX-V: MKA) and CoTec.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent byCoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caFor further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.caalex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesMontfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik MehtaUK: +44 20 3470 0470Alternative Resource Capital
Joint Broker
Alex Wood, Keith DowsingH&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "targeted", "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, and the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the various recycling and separation plants of Mkango and Maginito and future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.[1] https://hypromagusa.com/hypromag-usa-finalizes-long-term-lease-for-dallas-fort-worth-rare-earth-magnet-recycling-and-manufacturing-hub/[2] https://mkango.ca/news/mkango-subsidiary-hypromag-commissions-second-uk-inserma-unit-for-rapid-automated-pre-processing-of-hard-disk-drives-and/This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces HyProMag and ILS Commission Pre-Processing System

Mkango Resources Limited Announces Commissioning of Second UK Inserma UnitMarch 9, 2026 3:10 AM
ACCESS NewswireMKANGO SUBSIDIARY, HYPROMAG, COMMISSIONS SECOND UK INSERMA UNIT FOR RAPID AUTOMATED PRE-PROCESSING OF HARD DISK DRIVES AND RECYCLING OF RARE EARTHS AND PRECIOUS METALSCALGARY, AB / ACCESS Newswire / March 9, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce that HyProMag Limited ("HyProMag") has successfully commissioned a second automated hard disk drive ("HDD") pre-processing unit in the UK, co-located at the recently opened commercial scale magnet recycling and manufacturing facility at Tyseley Energy Park, Birmingham.Highlights:Cutting-edge technology developed and manufactured by HyProMag partner, Inserma Anoia S.L. ("Inserma"), to separate the magnet and printed circuit board assemblies (PCBA) from HDDs in secondsAs part of the commissioning phase, a batch of 13,000 HDDs is being processed at Tyseley, with potential for one unit to process more than 30,000 HDDs per week on a single shift once fully commissionedThe separated magnet assemblies from the HDDs will be processed via the patented Hydrogen Processing of Magnet Scrap (HPMS) technology being commercialised by HyProMag, and the PCBAs will be sold for precious metals recoveryLow-cost sustainable automated solution,maximising potential value recovery and recyclability of critical elements in the HDDThe technology is being rolled-out into multiple jurisdictions with partners, Inserma, Intelligent Lifecycle Solutions Limited ("ILS") and CoTec Holdings Limited ("CoTec"), with further units already delivered for commissioning at HyProMag GmbH's facility in Pforzheim, Germany, and to HyProMag USA as per the following press release: HyProMag USA advances US Hub & Spoke StrategyWilliam Dawes, Chief Executive of Mkango and Director of HyProMag commented: "This is the second groundbreaking technology to be brought to commercial scale by HyProMag and its partners. Complementary to the HPMS technology being commercialised in the UK, Germany and USA, the Inserma technology unlocks a burgeoning source of NdFeB feedstock from HDDs, geared to large-scale data centre deployment on a global scale which is expected to be a major source of end-of-life HDDs. A five times growth in data centres is expected in Europe alone."Nick Mann, Managing Director of HyProMag Ltd commented: "With millions of HDDs reaching end of life every year at data centres across the UK, the opportunity to recover critical materials is obvious. With PCBA separation, magnet separation and the centre spindle removal, the Inserma technology not only enables material recovery but also enhances data destruction processes and can even lower those costs. So, with critical material recovery, value add, improved sustainability and lower operating costs for data destruction, this is a rare case where all stakeholders can share the benefits."Paco Ortiz, Director of Inserma commented: "We have a longstanding working relationship with HyProMag, University of Birmingham and University of Pforzheim, and we are very excited to see the Inserma technology being deployed on a commercial scale. This creates a strong platform for Inserma to expand its reach internationally, leveraging off the network of relationships which HyProMag, Mkango and CoTec bring to the table, whilst capitalising on the many synergies between our businesses."Jon Godfrey, Director of ILS Ltd commented: "We are excited to see this collaborative effort between ILS, HyProMag and Inserma come to fruition. With the first UK Inserma unit already commissioned at the ILS site in Airdrie, the addition of the PCBA to this unit and the commissioning of the second full Inserma unit at Tyseley, HyProMag and ILS are well positioned to capture this growing source of feedstock from HDDs."The Inserma TechnologyIn September 2024, Maginito (Mkango 79.4%, CoTec 20.6%) secured an exclusive agreement with Inserma to commercialise automated pre-processing of HDDs, loudspeakers and electric motors for HyProMag.The Inserma pre-processing technology for HDDs in combination with HyProMag's HPMS technology has major benefits for sustainable, secure and low-cost recycling of HDDs as outlined in the following video: HyProMag UK - Inserma HDD Pre-processing UnitKey advantages:Rapid automated recovery of magnet assembly and PCBA for recovery of rare earths and precious metals in separate product streams;Based on work to-date, magnet and PCBA removal occurs in approximately 3 seconds per HDD, with further opportunities to reduce processing times, and the potential to process more than 30,000 HDDs (approximately 15 tonnes HDDs) per unit per 5 day week on a single 8 hour shift with the option to run multiple pre-processing units on multiple shifts;Avoids shredding of magnet and precious metal containing components, thereby maximising value recovery;Simultaneous removal of magnet and centre spindle further facilitates subsequent shredding, and reduces blade breakage, costs and carbon footprint;Secure data destruction of the remainder of the HDD can remain on site;No heat treatment or dismantling required for magnet recovery, and production of separated streams facilitates downstream processes;Processing of the magnet stream by HPMS produces a clean powder for either short loop recycling or long loop chemical processing, which are at commercial and pilot scale at Tyseley, respectively.Future Inserma units for HDDs can be co-located at hyperscale data centres, mobile or stationary shredding facilities, smelters, third party recycling sites or HyProMag facilities, and HyProMag is engaging with hyperscalers and HDD recycling companies in multiple jurisdictions globally.Other collaborations with Inserma include pre-processing solutions for recycling of magnets from loudspeakers pursuant to the collaboration with Areera: News | Mkango Resources Ltd.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent byCoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caFor further information on Mkango, please contact:Mkango Resources LimitedWilliam DawesAlexander LemonChief Executive OfficerPresidentwill@mkango.ca alex@mkango.ca Canada: +1 403 444 5979www.mkango.ca@MkangoResourcesMontfort CommunicationsNick Miles, Ann-marie Wilkinson, Jack HickmanUK: +44 20 3514 0897mkango@montfort.londonSP Angel Corporate Finance LLPNominated Adviser and Joint BrokerJeff Keating, Jen Clarke, Devik MehtaUK: +44 20 3470 0470Alternative Resource CapitalJoint BrokerAlex Wood, Keith DowsingUK: +44 (020) 4530 9160/77H&P Advisory LimitedJoint BrokerAndrew Chubb, Leif Powis, Jay AshfieldUK: +44 20 7907 8500Market Abuse Regulation (MAR) DisclosureTheinformation contained withinthis announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publicationof this announcementvia Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "targeted", "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, and the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the various recycling and separation plants of Mkango and Maginito and future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.___________________________________ https://mkango.ca/news/maginito-secures-exclusive-agreement-with-inserma/This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Commissioning of Second UK Inserma Unit

Mkango Resources Limited Announces Issue of Shares Following Vesting of RSUsFebruary 18, 2026 2:15 AM
ACCESS NewswireMKANGO ANNOUNCES ISSUE OF SHARES FOLLOWING VESTING OF RESTRICTED SHARE UNITSCALGARY, AB / ACCESS Newswire / February 18, 2026 / Mkango (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango") announces that following the resignation of former CFO, Robert Sewell, as announced on 13 February 2026, the Company has issued 2,038,589 common shares of the Company ("New Common Shares") to Mr. Sewell following the vesting of 2,038,589 Restricted Share Units ("RSU"s).Application to AIM and Total Voting RightsApplication has been made for the New Common Shares, which will rank pari passu with the Company's existing shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Common Shares will commence at 8:00 am on or around 23 February 2026. The New Common Shares will also be listed for trading on the TSX-V.In accordance with the Disclosure Guidance and Transparency Rules, the Company hereby notifies the market that immediately following Admission, its issued and outstanding share capital will consist of 349,231,496 shares. The Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLPNominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource CapitalJoint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77H&P Advisory LimitedJoint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Montfort CommunicationsNick Miles, Ann-marie Wilkinson, Jack Hickman
UK: ++44 (0)20 3514 0897
mkango@montfort.londonAbout Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement ("Business Combination Agreement") with Crown PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited ("Proposed Business Combination").For more information, please visit www.mkango.caCautionary Note Regarding Forward-Looking StatementsAll statements other than statements of historical facts contained in this news release, including statements regarding MKAR's and Mkango's future financial position, results of operations, business strategy, and plans and objectives of their management team for future operations, are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, the outlook for Mkango's business, productivity, plans, goals for future operational improvements, capital investments, operational performance, future market conditions, economic performance, developments in the capital and credit markets, expected future financial performance, capital expenditure plans and timeline, mineral reserve and resource estimates, production and other operating results, productivity improvements, expected net proceeds, expected additional funding, the percentage of redemptions of CPTK's public shareholders, growth prospects and outlook of MKAR's or Maganito's operations, individually or in the aggregate, including the future listing of MKAR on Nasdaq, as well as any information concerning possible or assumed future results of operations of Mkango and MKAR. Forward-looking statements also include statements regarding the expected benefits of the Proposed Business Combination. The forward-looking statements are based on the current expectations of the respective management teams of CPTK, Mkango and MKAR, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the Proposed Business Combination may not be completed by CPTK's business combination deadline, or at all, and the potential failure to obtain an extension of the business combination deadline if sought by CPTK, MKAR or Mkango (iii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the approval of the Business Combination Agreement by Mkango ,the shareholders of CPTK, and the TSX-V, the satisfaction of the minimum cash amount following redemptions by CPTK's public shareholders and the receipt of certain governmental and regulatory approvals, (iv) market risks, including the price of rare earth materials, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the effect of the announcement or pendency of the Proposed Business Combination on CPTK's, Mkango's or MKAR's business relationships, performance, and business generally, (vii) the outcome of any legal proceedings that may be instituted against CPTK or MKAR related to the business combination agreement or the Proposed Business Combination, (viii) failure to realize the anticipated benefits of the Proposed Business Combination, (ix) the inability of MKAR to meet the listing requirements of the Nasdaq Stock Market, or if listed, the inability of MKAR to maintain the listing of its securities on the Nasdaq Stock Market, (x) the risk that the price of MKAR securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which MKAR plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure, (xi) the inability to implement business plans, forecasts, and other expectations after the completion of the Proposed Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations, (xii) the risk that Mkango may not be able to successfully develop its assets, (xiii) the risk that Mkango will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, (xiv) political and social risks of operating in Malawi or Poland, (xv) operational hazards and risks that Mkango could face, and (xvi) the risk that additional financing in connection with the Proposed Business Combination may not be raised on favorable terms, in a sufficient amount to satisfy the minimum cash amount condition to the Business Combination Agreement. The foregoing list is not exhaustive, and there may be additional risks that CPTK, Mkango, or MKAR presently do not know or that they currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this news release and the other risks and uncertainties described in CPTK's filings with the SEC, Mkango's filings on SEDAR+, the risks to be described in a registration statement on Form F-4, which will include a proxy statement/prospectus, and those discussed and identified in filings made with the SEC by CPTK and MKAR, from time to time. Mkango caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this news release speak only as of the date of this news release. None of CPTK, Mkango, or MKAR undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that CPTK, Mkango, or MKAR will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed Business Combination, in CPTK's or MKAR's public filings with the SEC, which are or will be (as appropriate) accessible at www.sec.gov, or Mkango's public filings on SEDAR+, which you are advised to review carefully.The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Issue of Shares Following Vesting of RSUs

Mkango Resources Limited Announces Submission Draft Registration StatementFebruary 16, 2026 2:45 AM
ACCESS NewswireTHIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.Mkango Resources Ltd. Announces the Confidential Submission of Draft Registration Statement by Mkango Rare Earths Limited on Form F-4 in Connection with Proposed Business CombinationKey HighlightsMkango Rare Earths Limited has confidentially submitted a draft registration statement on Form F-4 to the U.S. Securities and Exchange Commission in connection with the previously announced proposed business combination with Crown PropTech Acquisitions.The implied pro forma valuation of Mkango Resources Ltd.'s shareholding in Mkango Rare Earths Limited is US$400 million, excluding the effects of Mkango Rare Earths Limited's indebtedness, closing cash, transaction expenses, certain investments from Crown PropTech Acquisition's sponsor and affiliate, any net proceeds from a PIPE financing, and amounts remaining in Crown PropTech Acquisition's trust account.Mkango Rare Earths Limited will apply for a Nasdaq Stock Market listing, the approval of which is a condition to the closing of the proposed business combination.Crown PropTech Acquisitions Sponsor funding under the previously announced Note Purchase Agreement with Mkango Rare Earths Limited increased by an additional US$250,000 upon the confidential submission, bringing total sponsor investment to US$750,000 through issuances of convertible promissory notes, which will convert into shares of Mkango Rare Earths Limited immediately prior to the closing of the business combination.Immediately prior to the confidential submission, the Business Combination Agreement was amended to align the parties thereto with a contemplated pre-closing reorganization of certain subsidiaries of Mkango Resources Ltd. and to extend the date after which the parties would obtain termination rights under the Business Combination Agreement. LONDON, GB AND VANCOUVER, BC / ACCESS Newswire / February 16, 2026 / Mkango Resources Ltd. (AIM/TSX-V:MKA) ("Mkango") is pleased to announce that on February 13, 2026, its wholly-owned subsidiary, Mkango Rare Earths Limited ("MKAR"), has submitted, on a confidential basis, a draft registration statement on Form F-4 (the "Confidential Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC"). The Confidential Registration Statement relates to the business combination previously announced on July 3, 2025 (the "Proposed Business Combination"), which is expected to be consummated pursuant to the Business Combination Agreement, dated as of July 2, 2025 and as amended on February 13, 2026, among MKAR, Crown PropTech Acquisitions, a Cayman Islands exempted company (OTC:CPTKW) ("CPTK"), Mkango Polska sp. z.o.o., a wholly-owned subsidiary of Mkango ("Mkango Polska"), and the other parties thereto (the "Business Combination Agreement"). The Confidential Registration Statement contains a proxy statement for the meeting of CPTK shareholders and prospectus for common shares and warrants of MKAR. At the completion of the Proposed Business Combination, CPTK will become a wholly-owned subsidiary of MKAR.The submission of the Confidential Registration Statement by MKAR to the SEC marks an important milestone toward the completion of the Proposed Business Combination, which would create a publicly traded, vertically integrated, global pure-play rare earths platform, with its common shares and warrants expected to trade on the Nasdaq Stock Market under the symbols "MKAR" and "MKARW", respectively. The Confidential Registration Statement is not available publicly on any website at the moment. Following an SEC review period for the Confidential Registration Statement and incorporation of any requested changes, as is customary for U.S. registration statements, it is expected that an updated publicly filed registration statement will be made available by CPTK and MKAR on EDGAR and under Mkango's profile on SEDAR+ at www.sedarplus.ca/landingpage.Alexander Lemon, President of Mkango, commented: "This filing marks a significant step towards finalising the Nasdaq listing for MKAR, which will further strengthen the Mkango group as a key player in the global rare earth supply chain, with a strong emphasis on sustainability and critical industry demand."Immediately prior to the confidential submission to the SEC of the Confidential Registration Statement, MKAR and CPTK executed an amendment to the Business Combination Agreement (the "BCA Amendment") to, among other things, reflect that only Mkango, MKAR, and Mkango Polska would be party to a pre-closing internal corporate reorganization (the "Reorganization") and that only MKAR, Mkango Polska, a merger subsidiary and CPTK would be party to the Business Combination Agreement. After giving effect to the Reorganization, MKAR and Mkango Polska will together own all of the assets and operations associated with the rare earth project at Songwe Hill in Malawi and the proposed separation plant to be constructed in Pulawy, Poland. The BCA Amendment also extends the contractual deadline for completing the Proposed Business Combination, after which either party may elect to terminate the Business Combination Agreement if the transaction has not yet closed, subject to certain limitations. Accordingly, the deadline is extended from March 11, 2026 to September 30, 2026, with an automatic extension to December 31, 2026 if the SEC has not declared the registration statement effective by August 14, 2026. This extension is distinct from CPTK's separate upcoming proposal to amend its corporate charter to extend the March 11, 2026 date by which it must consummate a business combination or liquidate, which proposal must be approved by CPTK's shareholders.Additionally, as previously announced on July 3, 2025, pursuant to a note purchase agreement (the "NPA") among MKAR, one of CPTK's sponsors, and an affiliate of another sponsor of CPTK, US$500,000 was invested in MKAR by such sponsor affiliate upon the execution of the Business Combination Agreement in exchange for MKAR's issuance of a convertible promissory note (the "BCA Note"). On February 13, 2026, a further US$250,000 was funded by CPTK's sponsor pursuant to the NPA upon the confidential submission of the Confidential Registration Statement in exchange for MKAR's issuance of a convertible promissory note (the "F-4 Note," and together with the BCA Note, the "Notes," and the aggregate investment pursuant to the NPA, the "Sponsor Investment"). The Notes will accrue interest at a rate of 12% per annum, 9% of which will be paid in kind, subject to conditional approval of the TSX Venture Exchange ("TSX-V"), such that the Notes' principal amounts will be increased by the amount of such interest payments semi-annually, and 3% of which will be paid in cash semi-annually. The maturity date of the Notes is one year after their respective issuances. The TSX-V conditionally accepted the F-4 Note issuance, subject to satisfaction of customary closing conditions. The principal and accrued and unpaid interest of the convertible promissory notes issued pursuant to the Sponsor Investment will, subject to TSX-V approval in respect of the interest, convert immediately prior to the consummation of the Proposed Business Combination (the "Standard Conversion") into twice the number of common shares of MKAR to which such dollar amount would otherwise equate pursuant to the Business Combination Agreement, which shares would be held by one of CPTK's sponsors and the affiliate of another CPTK sponsor. Alternatively, if CPTK satisfies certain cash thresholds at the time of the Proposed Business Combination, the noteholders may opt to have any portion of such principal and interest repaid in cash as well as convert into half the number of shares to which such dollar amount would otherwise equate pursuant to the Business Combination Agreement, with the balance of the promissory notes, if any, converting pursuant to the Standard Conversion. The funds provided pursuant to the Sponsor Investment will cover certain of MKAR's general corporate expenses related to the Proposed Business Combination.As previously announced on July 3, 2025, the Proposed Business Combination implies a pro forma valuation of Mkango's shareholding in MKAR of US$400 million (the "Equity Value"), excluding the effects of MKAR's indebtedness, closing cash, transaction expenses, the Sponsor Investment, any net proceeds from a PIPE financing, and amounts remaining in CPTK's trust account.Pursuant to the Business Combination Agreement, MKAR is obligated to effect a share split that is expected to result, based on current assumptions, all of which are subject to change, in (1) Mkango holding approximately 37.6 million outstanding common shares of MKAR at the closing of the Proposed Business Combination, which represents a significant majority interest in MKAR, and which is calculated using an implied value of US$10 per share together with the Equity Value as adjusted based on current assumptions regarding outstanding debt and cash at closing, and (2) CPTK's initial shareholders holding approximately 7.1 million common shares of MKAR, including those issued pursuant to the NPA in connection with the Sponsor Investment. In addition, common shares of MKAR may be issued pursuant to a PIPE Financing, if any, at the closing of the Proposed Business Combination. MKAR currently owes debt of approximately $22.5 million to Mkango, which if converted to common shares of MKAR would equate to an approximate 2.25 million additional common shares of MKAR held by Mkango post-closing of the Proposed Business Combination (for a total of approximately 39.8 million common shares of MKAR based on current assumptions relating to other debt and cash of MKAR). No decision on this conversion has been made at this time.The Proposed Business Combination is expected to close in the second quarter of 2026, subject to, among other things, the approval of a Nasdaq listing application, approval by Mkango as sole shareholder of MKAR, approval by the shareholders of CPTK, and the satisfaction or waiver of other closing conditions set forth in the Business Combination Agreement. The TSX-V has conditionally approved the Proposed Business Combination, subject to satisfaction of certain conditions. There can be no assurance that the Proposed Business Combination will be completed as proposed or at all. MKAR is not obligated to close the Proposed Business Combination if, pursuant to the Business Combination Agreement, CPTK's available net cash, including new funds raised from investors in any PIPE financing and following redemptions by CPTK's public shareholders, would be less than US$5,000,000 at closing.Net proceeds from the Proposed Business Combination are expected to support MKAR's strategic growth plan, which includes development of the Songwe Hill and Pulawy projects.A copy of the Business Combination Agreement was attached to a material change report (an "MCR") filed by Mkango on July 3, 2025 under Mkango's profile on SEDAR+ at www.sedarplus.ca/landingpage. A copy of the BCA Amendment will be available under Mkango's profile on SEDAR+ at www.sedarplus.ca/landingpage.AdvisorsCohen & Company Capital Markets ("CCM"), a division of Cohen & Company Securities, LLC is acting as the lead financial and capital markets advisor to MKAR.Welsbach Corporate Solutions LLC-FZ ("Welsbach") is acting as Supply Chain Advisor and financial and capital markets advisor to MKAR.Jett Capital Advisors, LLC is acting as exclusive financial advisor and lead capital markets advisor to CPTK.Greenberg Traurig, LLP is serving as legal counsel to MKAR.Orrick, Herrington & Sutcliffe LLP is serving as U.S. legal counsel to CPTK.Fasken Martineau LLP is serving as Canadian legal counsel to Mkango.About Mkango Resources Ltd.Mkango is listed on AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited ("HyProMag") and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HyProMag's recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Additionally, Mkango, through its 100 per cent interest in MKAR, owns the advanced stage Songwe Hill project, a rare earths, uranium, tantalum and niobium exploration portfolio in Malawi, as well as the Pulawy separation project in Pulawy, Poland. Both the Songwe Hill and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act.Pulawy, located in a Special Economic Zone in Poland, stands adjacent to the EU's second largest manufacturer of nitrogen fertilisers, and features established infrastructure, access to reagents and utilities on site.For more information, please visit www.mkango.ca.Market Abuse Regulation (MAR) DisclosureThe information contained within this news release is deemed by Mkango to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.Cautionary Statement Regarding Forward-Looking StatementsAll statements other than statements of historical facts contained in this news release, including statements regarding MKAR's and Mkango's future financial position, results of operations, business strategy, and plans and objectives of their management team for future operations, are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, CPTK, Mkango, MKAR or their respective management teams' expectations concerning the ability of MKAR to utilize certain projection development financing from the U.S. Development Finance Corporation (the "DFC") to advance its activities, the provision of additional funding by the DFC, the outlook for Mkango's or MKAR's business, productivity, plans, goals for future operational improvements, capital investments, operational performance, future market conditions, economic performance, developments in the capital and credit markets, expected future financial performance, capital expenditure plans and timeline, mineral reserve and resource estimates, production and other operating results, productivity improvements, expected net proceeds, expected additional funding, the percentage of redemptions of CPTK's public shareholders, growth prospects and outlook of MKAR's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of MKAR's projects, future listing of MKAR on Nasdaq, as well as any information concerning possible or assumed future results of operations of Mkango and MKAR. Forward-looking statements also include statements regarding the expected benefits of the Proposed Business Combination. The forward-looking statements are based on the current expectations of the management teams of Mkango, MKAR, and CPTK and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the Proposed Business Combination may not be completed by CPTK's business combination deadline, or at all, and the potential failure to obtain an extension of the business combination deadline if sought by CPTK, MKAR or Mkango (iii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the approval of the Business Combination Agreement by Mkango, the shareholders of CPTK, and the TSX-V, the satisfaction of the minimum cash amount following redemptions by CPTK's public shareholders and the receipt of certain governmental and regulatory approvals, (iv) market risks, including the price of rare earth materials, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the effect of the announcement or pendency of the Proposed Business Combination on CPTK's, Mkango's or MKAR's business relationships, performance, and business generally, (vii) the outcome of any legal proceedings that may be instituted against CPTK or MKAR related to the business combination agreement or the Proposed Business Combination, (viii) failure to realize the anticipated benefits of the Proposed Business Combination, (ix) the inability of MKAR to meet the listing requirements of the Nasdaq Stock Market, or if listed, the inability of MKAR to maintain the listing of its securities on the Nasdaq Stock Market, (x) the risk that the price of MKAR securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which MKAR plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure, (xi) the inability to implement business plans, forecasts, and other expectations after the completion of the Proposed Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations, (xii) the risk that MKAR may not be able to successfully develop its assets, (xiii) the risk that MKAR will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, (xiv) the potential for geopolitical instability in Europe, the political and social risks of operating in Malawi or Poland, and geopolitical impacts on markets and tariffs, (xv) operational hazards and risks that MKAR could face, and (xvi) the risk that additional financing in connection with the Proposed Business Combination may not be raised on favorable terms, in a sufficient amount to satisfy the minimum cash amount condition to the Business Combination Agreement. The foregoing list is not exhaustive, and there may be additional risks that CPTK, Mkango, or MKAR presently do not know or that they currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this news release and the other risks and uncertainties described in CPTK's or MKAR's filings with the SEC from time to time, Mkango's filings on SEDAR+, and the risks to be described in a registration statement on Form F-4, which will include a proxy statement/prospectus. Mkango and MKAR caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this news release speak only as of the date of this news release. None of CPTK, Mkango, or MKAR undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that CPTK, Mkango, or MKAR will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed Business Combination, in CPTK's or MKAR's public filings with the SEC, which are or will be (as appropriate) accessible at www.sec.gov, or Mkango's public filings on SEDAR+, which you are advised to review carefully.Important Information for Investors and ShareholdersIn connection with the Proposed Business Combination, MKAR and CPTK have prepared the Confidential Registration Statement, including a preliminary proxy statement of CPTK and a preliminary prospectus of MKAR with respect to the securities to be offered in the Proposed Business Combination, which was confidentially submitted to the SEC and which will be publicly filed with the SEC in due course, at which time a copy of such filing will also be filed under Mkango's profile on SEDAR+. The proxy statement/prospectus will be mailed to CPTK's shareholders. Mkango shareholders and other interested persons should read, when available, the proxy statement/prospectus, as well as other documents filed with the SEC and on SEDAR+, because these documents will contain important information about the Proposed Business Combination. The proxy statement statement/prospectus, once available, can be obtained, without charge, on SEDAR+ at www.sedarplus.ca/landingpage and on the SEC's web site at www.sec.gov.Participants in the SolicitationMKAR and CPTK and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of CPTK's shareholders in connection with the Proposed Business Combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of CPTK's directors and officers in CPTK's SEC filings. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to CPTK's shareholders in connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. Information concerning the interests of MKAR's and CPTK's participants in the solicitation, which may, in some cases, be different than those of their respective equityholders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business Combination when it becomes available.No Offer or SolicitationThis news release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Proposed Business Combination. This news release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.For further information on Mkango, please contact:Mkango Resources LimitedAlexander LemonWilliam DawesPresidentChief Executive Officeralex@mkango.cawill@mkango.caUK: +44 20 7372 2744
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Montfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
mkango@montfort.londonAlternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Cohen Capital
Strategic and Financial Adviser
Brandon Sun
USA: +1 929 432 1254Welsbach Corporate Solutions LLC-FZ
Supply Chain Advisor and Financial and Capital Markets Advisor
Daniel Mamadou SG:
+65 6879 7107The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to purchase, any securities in any jurisdiction, or the solicitation of any vote, consent or approval in any jurisdiction in connection with or with respect to the Proposed Business Combination, nor shall there be any sale, issuance or transfer of any securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This press release does not constitute either advice or a recommendation regarding any securities. No offering of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Submission Draft Registration Statement

Mkango Resources Limited Announces Management Changes and Appointment of IR AdvisorFebruary 13, 2026 11:50 AM
ACCESS NewswireLONDON, UK and VANCOUVER, BC / ACCESS Newswire / February 13, 2026 / Mkango (AIM:MKA)(TSX-V:MKA) announces the appointment of Tim Slater to the role of Interim CFO, as Robert Sewell steps down from the role with immediate effect.Mr. Slater, who was interim CFO at Mkango from January 2020 to June 2022, is a Chartered Accountant and former partner of Shaw Gibbs, a top 50 accountancy firm. He has over fifteen years' experience in the mining sector, acting as interim CFO for a number of listed companies. Mr. Slater will remain in post until a permanent replacement for Mr Sewell is appointed.Mr. Sewell will remain as a consultant to Mkango to assist with an orderly transition. In connection with Mr. Sewell's resignation, 2,038,589 Restricted Share Units will vest, converting to shares in the Company.The Company is also pleased to announce the appointment of Mr. Scott Beattie as Senior Advisor, Corporate Development.Mr. Beattie is a senior business development and finance executive with over 25 years' experience originating and executing complex cross-border transactions across multiple sectors. He has a strong track record of structuring and delivering capital raises, strategic partnerships, acquisitions and advisory mandates, leveraging long-standing relationships with banks, institutional investors and corporates. His network and execution experience have supported growth initiatives across both developed and emerging markets.Appointment of Investor Relations AdvisorMkango has also appointed Montfort Communications Limited, an international communications consultant. Montfort will provide strategic communications and investor relations support to Mkango. Montfort is a leading public relations firm based in London, England. Montfort currently holds no securities of Mkango, however, Montfort may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant and in accordance with applicable securities laws. As consideration for the services to be provided, Montfort will receive cash compensation in the amount of £5,000 per month for three months and an administration fee equal to 8% of the cash compensation. The appointment of Montfort is subject to the approval of the TSX-V.Derek Linfield, Chairman of Mkango commented:"We are very pleased that Tim Slater has agreed to rejoin the Mkango team as Interim CFO. Tim returns at a pivotal point in the Company's history as it proceeds towards a listing on NASDAQ of the Company's subsidiary, Mkango Rare Earths Limited.The addition of Scott to the team will allow us to accelerate development of existing and new opportunities in the sector.We would like to thank Rob for his contribution and wish him well with his future endeavours."For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes
Chief Executive Officer
will@mkango.caAlexander Lemon
President
alex@mkango.caCanada: +1 403 444 5979
www.mkango.ca
@MkangoResourcesSP Angel Corporate Finance LLPNominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik Mehta
UK: +44 20 3470 0470Alternative Resource CapitalJoint Broker
Alex Wood, Keith Dowsing
UK: +44 (020) 4530 9160/77H&P Advisory LimitedJoint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500Montfort CommunicationsNick Miles, Ann-marie Wilkinson, Jack Hickman
UK: ++44 (0)20 3514 0897
mkango@montfort.londonAbout Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Corp ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a business combination agreement ("Business Combination Agreement") with Crown PropTech Acquisitions ("CPTK") to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited ("Proposed Business Combination").For more information, please visit www.mkango.caCautionary Note Regarding Forward-Looking StatementsAll statements other than statements of historical facts contained in this news release, including statements regarding MKAR's and Mkango's future financial position, results of operations, business strategy, and plans and objectives of their management team for future operations, are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "target," "should," "will," "would," "will be," "will continue," "will likely result," "preliminary," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, the outlook for Mkango's business, productivity, plans, goals for future operational improvements, capital investments, operational performance, future market conditions, economic performance, developments in the capital and credit markets, expected future financial performance, capital expenditure plans and timeline, mineral reserve and resource estimates, production and other operating results, productivity improvements, expected net proceeds, expected additional funding, the percentage of redemptions of CPTK's public shareholders, growth prospects and outlook of MKAR's or Maganito's operations, individually or in the aggregate, including the future listing of MKAR on Nasdaq, as well as any information concerning possible or assumed future results of operations of Mkango and MKAR. Forward-looking statements also include statements regarding the expected benefits of the Proposed Business Combination. The forward-looking statements are based on the current expectations of the respective management teams of CPTK, Mkango and MKAR, as applicable, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) the risk that the Proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect the price of CPTK's, MKAR's or Mkango's securities, (ii) the risk that the Proposed Business Combination may not be completed by CPTK's business combination deadline, or at all, and the potential failure to obtain an extension of the business combination deadline if sought by CPTK, MKAR or Mkango (iii) the failure to satisfy the conditions to the consummation of the Proposed Business Combination, including the approval of the Business Combination Agreement by Mkango ,the shareholders of CPTK, and the TSX-V, the satisfaction of the minimum cash amount following redemptions by CPTK's public shareholders and the receipt of certain governmental and regulatory approvals, (iv) market risks, including the price of rare earth materials, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (vi) the effect of the announcement or pendency of the Proposed Business Combination on CPTK's, Mkango's or MKAR's business relationships, performance, and business generally, (vii) the outcome of any legal proceedings that may be instituted against CPTK or MKAR related to the business combination agreement or the Proposed Business Combination, (viii) failure to realize the anticipated benefits of the Proposed Business Combination, (ix) the inability of MKAR to meet the listing requirements of the Nasdaq Stock Market, or if listed, the inability of MKAR to maintain the listing of its securities on the Nasdaq Stock Market, (x) the risk that the price of MKAR securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which MKAR plans to operate, variations in performance across competitors, changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business, and changes in the combined capital structure, (xi) the inability to implement business plans, forecasts, and other expectations after the completion of the Proposed Business Combination, identify and realize additional opportunities, and manage its growth and expanding operations, (xii) the risk that Mkango may not be able to successfully develop its assets, (xiii) the risk that Mkango will be unable to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, (xiv) political and social risks of operating in Malawi or Poland, (xv) operational hazards and risks that Mkango could face, and (xvi) the risk that additional financing in connection with the Proposed Business Combination may not be raised on favorable terms, in a sufficient amount to satisfy the minimum cash amount condition to the Business Combination Agreement. The foregoing list is not exhaustive, and there may be additional risks that CPTK, Mkango, or MKAR presently do not know or that they currently believe are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this news release and the other risks and uncertainties described in CPTK's filings with the SEC, Mkango's filings on SEDAR+, the risks to be described in a registration statement on Form F-4, which will include a proxy statement/prospectus, and those discussed and identified in filings made with the SEC by CPTK and MKAR, from time to time. Mkango caution you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this news release speak only as of the date of this news release. None of CPTK, Mkango, or MKAR undertakes any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that CPTK, Mkango, or MKAR will make additional updates with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may appear, up to the consummation of the Proposed Business Combination, in CPTK's or MKAR's public filings with the SEC, which are or will be (as appropriate) accessible at www.sec.gov, or Mkango's public filings on SEDAR+, which you are advised to review carefully.The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited Announces Management Changes and Appointment of IR Advisor

Mkango Resources Limited - Hypromag USA Advances U.S. HUB-AND-SPOKE StrategyFebruary 5, 2026 2:20 AM
ACCESS NewswireHYPROMAG USA ADVANCES U.S. HUB-AND-SPOKE STRATEGY WITH ARRIVAL OF INSERMA PRE-PROCESSING MACHINES AT SOUTH CAROLINA AND NEVADA SITESEquipment delivery supports commissioning pathway for planned U.S. rare earth magnet recycling platform; on-site operational milestone events to be announced following commissioningCALGARY, AB / ACCESS Newswire / February 5, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce an update from HyProMag USA, LLC ("HyProMag USA" or the "Company"), a U.S. rare earth magnet recycling and manufacturing company, which today announced the arrival of Inserma recycling machines at Intelligent Lifecycle Solutions, LLC ("ILS") facilities in South Carolina and Nevada, advancing the Company's rollout of rare-earth magnet recycling capabilities in the United States.The equipment delivery builds on HyProMag USA's recent expansion concept studies and pre-feasibility planning for facilities in South Carolina and Nevada, as well as the Company's partnership [ii] with ILS to secure and prepare magnet-bearing feedstocks. The machines are now on site and will enter commissioning activities in line with site readiness and operational planning.Julian Treger, CEO of CoTec, commented : "The delivered Inserma machines represent continued execution against HyProMag USA's scalable U.S. strategy. By advancing pre-processing capability in South Carolina and Nevada, we're strengthening the foundation for a domestic recycling platform and supporting momentum across our broader development program."Graham Davy, ILS CEO commented: " ILS is pleased to receive the Inserma HDD material separation machines at its South Carolina and Nevada locations. Installation and commissioning activities are planned for the next few weeks. When commissioned, the machinery will assist ILS' efforts to source and process rare earth magnet bearing feedstock in partnership with HyProMag USA. ILS is excited to be at the forefront of recycling initiatives to help deliver a secure U.S. domestic supply chain for NdFeB magnets."The arrival of the Inserma machines supports ongoing business development efforts, including feedstock sourcing and customer engagement, and provides a clear bridge to subsequent operational milestones as HyProMag USA advances its U.S. rare-earth magnet recycling strategy. The U.S. deployment builds on HyProMag's demonstrated [iii] commercial operations in the United Kingdom, where the Company's patented Hydrogen Processing of Magnet Scrap (HPMS) technology is already operating at industrial scale.Following completion of commissioning, HyProMag USA expects to host small, on-site operational milestone events at the South Carolina and Nevada locations to demonstrate the equipment in operation and engage regional stakeholders. Additional details regarding timing and participation will be announced at a later date.HyProMag USA's first facility (the "Texas Hub" or the "Project") is completing detailed engineering and feasibility work following execution of the site lease [iv] at the Ironhead Commerce Center, and working towards the Company's intention to pursue a U.S. public listing. Together these developments reflect accelerating momentum as HyProMag USA advances toward commercial operations and a scaled manufacturing footprint across the U.S.About HyProMag USAHyProMag USA is developing advanced rare earth magnet recycling and manufacturing operations to establish a secure domestic U.S. supply chain for NdFeB magnets, essential components for AI infrastructure, defense systems, robotics, electric vehicles, and advanced electronics. Leveraging the revolutionary HPMS technology, developed over 15 years by the Magnetic Materials Group at the University of Birmingham with more than $100 million in R&D investment, the Company delivers faster magnet-to-magnet short-loop recycling that uses 88% less energy and reduces carbon emissions by 85% compared to conventional methods. HPMS accepts a wide range of magnet-bearing feedstocks - including end-of-life EV motors, data-center, and industrial equipment, consumer electronics, and manufacturing scrap - enabling recovery of magnet-grade material without chemical processing. Selected by the U.S. Department of State as a Minerals Security Partnership project, HyProMag USA is targeting 10% of U.S. domestic magnet supply within five years, ensuring supply chain security and resilience for technologies critical to national defense and economic competitiveness.OwnershipHyProMag USA LLC is owned 50:50 by CoTec and HyProMag Limited. HyProMag Limited is 100 per cent owned by Maginito Limited which is owned on a 79.4/20.6 per cent basis by Mkango Resources Ltd. (AIM/TSX-V:MKA) and CoTec.About Mkango Resources Ltd.Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent byCoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.For more information, please visit www.mkango.caCautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "targeted", "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, and the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the various recycling and separation plants of Mkango and Maginito and future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.For further information on Mkango, please contact:Mkango Resources LimitedWilliam Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.caalex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
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UK: +44 20 7907 8500 https://hypromagusa.com/following-completion-of-expansion-concept-studies-hypromag-usa-advances-expansion-to-three-states-supporting-a-path-totriple-u-s-rare-earth-magnet-capacity-by-2029/[ii] https://hypromagusa.com/hypromag-usa-expands-feedstock-supply-agreementwith-global-electronics-recycler-intelligent-lifecycle-solutions/[iii] https://hypromagusa.com/uk-minister-for-industry-officially-opens-rare-earth-magnet-recycling-and-manufacturing-facility-at-tyseley-energy-park-birmingham/[iv] https://hypromagusa.com/hypromag-usa-finalizes-long-term-lease-for-dallas-fort-worth-rare-earth-magnet-recycling-and-manufacturing-hub/This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com .SOURCE: Mkango Resources Ltd.View the original press release on ACCESS NewswireOriginal: Mkango Resources Limited - Hypromag USA Advances U.S. HUB-AND-SPOKE Strategy