http://www.proactiveinvestors.com Proactiveinvestors RSS feed en Wed, 20 Jun 2018 13:23:47 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - MKANGO COMMENCES MAJOR DRILLING PROGRAMME ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180604070007_13664776/ Mon, 04 Jun 2018 02:00:07 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180604070007_13664776/ <![CDATA[RNS press release - Mkango Q1 2018 Financial Statements and MDA ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180530070007_13658900/ Wed, 30 May 2018 02:00:07 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180530070007_13658900/ <![CDATA[Media files - Mkango Resources signs definitive agreement to develop Songwe Hill licence ]]> http://www.proactiveinvestors.com/companies/stocktube/9328/mkango-resources-signs-definitive-agreement-to-develop-songwe-hill-licence-9328.html Fri, 18 May 2018 14:40:00 -0400 http://www.proactiveinvestors.com/companies/stocktube/9328/mkango-resources-signs-definitive-agreement-to-develop-songwe-hill-licence-9328.html <![CDATA[RNS press release - MKANGO SIGNS DEFINITIVE AGREEMENTS WITH TALAXIS ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180518070004_13646112/ Fri, 18 May 2018 02:00:04 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180518070004_13646112/ <![CDATA[News - Mkango Resources says initial phases of the feasibility for Songwe Hill are underway ]]> http://www.proactiveinvestors.com/companies/news/196324/mkango-resources-says-initial-phases-of-the-feasibility-for-songwe-hill-are-underway-196324.html Mkango Resources Ltd (LON:MKA, CVE:MKA) said the initial phases of the feasibility study for the Songwe Hill rare earths deposit has started.

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

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

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

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

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


 


 

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Thu, 03 May 2018 08:13:00 -0400 http://www.proactiveinvestors.com/companies/news/196324/mkango-resources-says-initial-phases-of-the-feasibility-for-songwe-hill-are-underway-196324.html
<![CDATA[RNS press release - MKANGO PROVIDES UPDATE ON SONGWE ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180503070002_13628074/ Thu, 03 May 2018 02:00:02 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180503070002_13628074/ <![CDATA[RNS press release - Annual Financial Report ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180413070002_13603038/ Fri, 13 Apr 2018 02:00:02 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180413070002_13603038/ <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180301070016_13550170/ Thu, 01 Mar 2018 02:00:16 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180301070016_13550170/ <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180126150002_13511587/ Fri, 26 Jan 2018 10:00:02 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180126150002_13511587/ <![CDATA[Media files - Mkango Resources in unique position after £6mln funding boost ]]> http://www.proactiveinvestors.com/companies/stocktube/8667/mkango-resources-in-unique-position-after-6mln-funding-boost-8667.html Fri, 26 Jan 2018 09:12:00 -0500 http://www.proactiveinvestors.com/companies/stocktube/8667/mkango-resources-in-unique-position-after-6mln-funding-boost-8667.html <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180125070003_13508675/ Thu, 25 Jan 2018 02:00:03 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180125070003_13508675/ <![CDATA[News - Mkango Resources subsidiaries receive investments totalling £6mln (C$10.5mln) from Talaxis ]]> http://www.proactiveinvestors.com/companies/news/190571/mkango-resources-subsidiaries-receive-investments-totalling-6mln-c105mln-from-talaxis-190571.html Mkango Resources Ltd. (LON:MKA) (TSX-V:MKA) has announced that, following recent shareholder and exchange approvals, investments totalling £6mln (C$10.5mln) made by Talaxis Limited have been received by the rare earths explorer’s subsidiaries.

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

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

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

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

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

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

Mkango “uniquely positioned”

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

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

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

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

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Wed, 24 Jan 2018 15:55:00 -0500 http://www.proactiveinvestors.com/companies/news/190571/mkango-resources-subsidiaries-receive-investments-totalling-6mln-c105mln-from-talaxis-190571.html
<![CDATA[RNS press release - MKANGO RECEIVES £6M INVESTMENT FROM TALAXIS ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180124153001_13508367/ Wed, 24 Jan 2018 10:30:01 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180124153001_13508367/ <![CDATA[RNS press release - MKANGO ANNOUNCES SHAREHOLDER APPROVAL ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180118161001_13501800/ Thu, 18 Jan 2018 11:10:01 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180118161001_13501800/ <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180112070002_13493953/ Fri, 12 Jan 2018 02:00:02 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180112070002_13493953/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180108150141_13488890/ Mon, 08 Jan 2018 10:01:41 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180108150141_13488890/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180108140551_13488737/ Mon, 08 Jan 2018 09:05:51 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180108140551_13488737/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20180108140037_13488734/ Mon, 08 Jan 2018 09:00:37 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20180108140037_13488734/ <![CDATA[RNS press release - MKANGO ANNOUNCES EXERCISE OF WARRANTS ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171214070007_13464919/ Thu, 14 Dec 2017 02:00:07 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171214070007_13464919/ <![CDATA[RNS press release - MKANGO RECEIVES CONDITIONAL TSX-V APPROVAL ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171211070004_13459969/ Mon, 11 Dec 2017 02:00:04 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171211070004_13459969/ <![CDATA[RNS press release - Nickel Cobalt Exploration Licence Granted ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171129070003_13446960/ Wed, 29 Nov 2017 02:00:03 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171129070003_13446960/ <![CDATA[RNS press release - 3rd Quarter Results ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171128070003_13445468/ Tue, 28 Nov 2017 02:00:03 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171128070003_13445468/ <![CDATA[RNS press release - Exercise of Warrants ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171124070004_13442685/ Fri, 24 Nov 2017 02:00:04 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171124070004_13442685/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171116110542_13434220/ Thu, 16 Nov 2017 06:05:42 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171116110542_13434220/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171116110019_13434192/ Thu, 16 Nov 2017 06:00:19 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171116110019_13434192/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171116090025_13433855/ Thu, 16 Nov 2017 04:00:25 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171116090025_13433855/ <![CDATA[RNS press release - Mkango enters into agreement with Talaxis ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171116070006_13433395/ Thu, 16 Nov 2017 02:00:06 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171116070006_13433395/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171106102029_13421379/ Mon, 06 Nov 2017 05:20:29 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171106102029_13421379/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171103150413_13420375/ Fri, 03 Nov 2017 11:04:13 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171103150413_13420375/ <![CDATA[RNS press release - MKANGO GRANTS STOCK OPTIONS ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171101133001_13416890/ Wed, 01 Nov 2017 09:30:01 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171101133001_13416890/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171101070005_13415768/ Wed, 01 Nov 2017 03:00:05 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171101070005_13415768/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171027112002_13411723/ Fri, 27 Oct 2017 06:20:02 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171027112002_13411723/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171027111501_13411713/ Fri, 27 Oct 2017 06:15:01 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171027111501_13411713/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171027092925_13411466/ Fri, 27 Oct 2017 04:29:25 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171027092925_13411466/ <![CDATA[RNS press release - Result of Equity Issue ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20171026070003_13409359/ Thu, 26 Oct 2017 02:00:03 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20171026070003_13409359/ <![CDATA[RNS press release - MKANGO ADVANCES METALYSIS PROJECT & RAISES £500K ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20170929070003_13379583/ Fri, 29 Sep 2017 02:00:03 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20170929070003_13379583/ <![CDATA[RNS press release - Mkango Releases 2nd Quarter Results ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20170830070003_13344916/ Wed, 30 Aug 2017 02:00:03 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20170830070003_13344916/ <![CDATA[RNS press release - Mkango renews Thambani Licence ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20170823070002_13338630/ Wed, 23 Aug 2017 02:00:02 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20170823070002_13338630/ <![CDATA[RNS press release - 1st Quarter Results ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20170525070007_13237739/ Thu, 25 May 2017 02:00:07 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20170525070007_13237739/ <![CDATA[RNS press release - High grade Uranium, Tantalum, Niobium at Thambani ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20170524070008_13236146/ Wed, 24 May 2017 02:00:08 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20170524070008_13236146/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20170427105523_13206829/ Thu, 27 Apr 2017 05:55:23 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20170427105523_13206829/ <![CDATA[News - Mkango signs 3-D magnets agreement with Metalysis ]]> http://www.proactiveinvestors.com/companies/news/175048/mkango-signs-3-d-magnets-agreement-with-metalysis-175048.html Mkango Resources Limited (LON:MKA)(CVE:MKA) has entered into a Memorandum Of Understanding with Metalysis Limited jointly to research, develop and commercialise novel rare earth metal alloys for use in three-dimensional printed permanent magnets.

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

WATCH: Zak Mir on Mkango Resources

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

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

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

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

 

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Mon, 20 Mar 2017 08:01:00 -0400 http://www.proactiveinvestors.com/companies/news/175048/mkango-signs-3-d-magnets-agreement-with-metalysis-175048.html
<![CDATA[News - Mkango upbeat on Malawl rare earth and uranium projects ]]> http://www.proactiveinvestors.com/companies/news/173982/mkango-upbeat-on-malawl-rare-earth-and-uranium-projects-173982.html Mkango Resources Ltd (LON:MKA CVE:MKA) has started its next round of metallurgical/exploration work at rare earths project Songwe Hill and uranium project Thambani, both in Malawi.

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

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

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

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

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

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

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

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

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

 

 

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Wed, 01 Mar 2017 07:41:00 -0500 http://www.proactiveinvestors.com/companies/news/173982/mkango-upbeat-on-malawl-rare-earth-and-uranium-projects-173982.html
<![CDATA[News - Mkango says all AGM business approved ]]> http://www.proactiveinvestors.com/companies/news/173411/mkango-says-all-agm-business-approved-173411.html Dual-listed Mkango Resources Ltd (LON:MKA, CVE:MKA) announced on Monday the results of its annual general meeting of shareholders held on February 16.

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

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

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Mon, 20 Feb 2017 12:32:00 -0500 http://www.proactiveinvestors.com/companies/news/173411/mkango-says-all-agm-business-approved-173411.html
<![CDATA[News - Mkango Resources surges as it announces exploration programme at Thambani ]]> http://www.proactiveinvestors.com/companies/news/172560/mkango-resources-surges-as-it-announces-exploration-programme-at-thambani-172560.html Shares in dual-listed Mkango Resources Ltd (LON:MKA, CVE:MKA) shot up in London as it announced plans to start exploration on its Thambani uranium project.

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

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

Read Mkango identifies more rare earths targets in Malawi

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

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

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

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

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

The exploration programme will be funded from existing cash resources.

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

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

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

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Thu, 02 Feb 2017 10:44:00 -0500 http://www.proactiveinvestors.com/companies/news/172560/mkango-resources-surges-as-it-announces-exploration-programme-at-thambani-172560.html
<![CDATA[News - Mkango Resources gets regulatory approval for collaboration deal with Noble Resources ]]> http://www.proactiveinvestors.com/companies/news/171030/mkango-resources-gets-regulatory-approval-for-collaboration-deal-with-noble-resources-171030.html Mkango Resources Ltd (LON:MKA, CVE:MKA) said today it has received regulatory approval for its previously announced agreement to collaborate with commodity trader Noble Resources.

It also said it has obtained regulatory approval for a £450,000 placing with existing shareholders and new institutional investors. 

READ: Mkango surges as Noble gets behind it ...

Mkango shares surged before Christmas on the news that Noble Resources is to lend its considerable weight to the rare earths explorer.

The group confirmed that it would issue 12 million warrants to Noble, with an exercise price of 6.6p.

Should Noble exercise all of the warrants, which have a life-span of two years, it would end up with a 12.5% stake in Mkango.

Noble, one of world's largest commodity traders and the largest in Asia, will identify the optimal markets and counter-parties for output from Mkango’s Songwe Hill rare earths project in Malawi.

Songwe Hill is in development and heading towards completion of a definitive feasibility study.

Noble will advise on the best strategy for the product mix at the project, and the optimal logistics route to take the project’s production to market.

Will Dawes, chief executive of Mkango, said at the time that the deal should transform the company.

Mkango has also completed the placing of shares at a price of 3.5p each which raised £450,000 from existing and new institutional investors.

As a result two specialist Swiss mutual funds, the Rare Earth Elements Fund and the Metals Exploration Fund, each hold an interest of 3.6% in Mkango.

The group said the main uses of the proceeds from the placing will be to accelerate the optimisation of the processing flow sheet and evaluation of product marketing options to facilitate further marketing, offtake and partnership discussions, as well as to evaluate additional opportunities and other expenditures.

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Fri, 30 Dec 2016 07:54:00 -0500 http://www.proactiveinvestors.com/companies/news/171030/mkango-resources-gets-regulatory-approval-for-collaboration-deal-with-noble-resources-171030.html
<![CDATA[RNS press release - Receives Regulatory Approval for Noble transaction ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20161230070004_013081128/ Fri, 30 Dec 2016 02:00:04 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20161230070004_013081128/ <![CDATA[News - Mkango surges as Noble Resources gets behind it ]]> http://www.proactiveinvestors.com/companies/news/170666/mkango-surges-as-noble-resources-gets-behind-it-170666.html Commodity trader Noble Resources is to lend its considerable weight to Mkango Resources Ltd (LON:MKA, CVE:MKA), the rare earths explorer.

Noble, one of world's largest commodity traders and the largest in Asia, will identify the optimal markets and counter-parties for output from Mkango’s Songwe Hill rare earths project in Malawi.

Songwe Hill is in development and heading towards completion of a definitive feasibility study.

Noble will advise on the best strategy for the product mix at the project, and the optimal logistics route to take the project’s production to market.

The commodity trader will also be able to introduce Mkango to parties interested in financing development of the project.

Mkango said Noble would also be in its corner in market-related discussions with key stakeholders, including Mkango's financial, technical and legal advisers, prospective investors and lenders and relevant government agencies associated with the project.

Shares in Mkango shot up 8% in the first half hour of trading to 3.51p as the company revealed it would issue 12mln warrants to Noble, with an exercise price of 6.6p.

Should Noble exercise all of the warrants, which have a life-span of two years, it would end up with a 12.5% stake in Mkango.

Will Dawes, chief executive of Mkango, said the deal should transform the company.

"Mkango is focused on one of the few advanced stage rare earths projects outside China, and through Noble's network and relationships in Asia and elsewhere, its marketing expertise, logistics platform and off-take capabilities, we are very well positioned to advance the project against the backdrop of a recovering rare earths sector,” Dawes said.

Mkango added it has raised £450,000 from existing and new institutional investors through the issue of shares at 3.5p, a premium of a quarter of a penny to last Friday’s closing price.

Two specialist Swiss unit trust funds, the Rare Earth Elements Fund and the Metals Exploration Fund, are buying into the company and each will end up with an interest of 3.6% in Mkango after the share issue.

The main uses of proceeds from the placing will be to accelerate the optimisation of the processing flow sheet and evaluation of product marketing options to facilitate further marketing, off-take and partnership discussions.

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Mon, 19 Dec 2016 08:40:00 -0500 http://www.proactiveinvestors.com/companies/news/170666/mkango-surges-as-noble-resources-gets-behind-it-170666.html
<![CDATA[RNS press release - Mkango enters into Agreement with Noble ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20161219070010_013071056/ Mon, 19 Dec 2016 02:00:10 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20161219070010_013071056/ <![CDATA[RNS press release - 3rd Quarter Results ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20161129070007_013049174/ Tue, 29 Nov 2016 02:00:07 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20161129070007_013049174/