http://www.proactiveinvestors.com Proactiveinvestors RSS feed en Sun, 18 Feb 2018 01:43:27 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![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/ <![CDATA[News - Mkango reports jump in total assets in Q3 ]]> http://www.proactiveinvestors.com/companies/news/169629/mkango-reports-jump-in-total-assets-in-q3-169629.html Mkango Resources Ltd (LON:MKA, CVE:MKA), the rare earths explorer, reported a jump in Total assets with its third quarter earnings on Monday.

Total assets mushroomed to $539,997 in the three months to Sept 30 from $252,935 in the same period a year ago.

The total comprehensive loss rose to $485,682 from $49,234 in the third quarter of 2015, the Toronto- and London AIM-listed company said.

“The operations of the Company are currently being funded by the net proceeds of a fund raising completed in connection with its listing on the AIM market of the London Stock Exchange on June 15, 2016. The Company’s strategy is to further advance the projects via research collaborations, marketing and off-take agreements, joint ventures, financial and strategic partnerships,” the company said in a statement.

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Mon, 28 Nov 2016 15:48:00 -0500 http://www.proactiveinvestors.com/companies/news/169629/mkango-reports-jump-in-total-assets-in-q3-169629.html
<![CDATA[RNS press release - Holding in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20161118151153_013040370/ Fri, 18 Nov 2016 10:11:53 -0500 http://www.proactiveinvestors.com/companies/rns/6737/LSE20161118151153_013040370/ <![CDATA[News - Mkango looking at long term production potential In Malawi ]]> http://www.proactiveinvestors.com/companies/news/167717/mkango-looking-at-long-term-production-potential-in-malawi-167717.html These are exciting times for rare earths explorer Mkango Resources Ltd (LON:MKA, CVE:MKA).

Not only is it bullish on the outlook for the rare earth sector, it also has one of the few advanced stage rare earth projects in the world.

Last year's prefeasibility study for its Songwe Hill project in Malawi outlined an inferred and indicated resource of 32mln tonnes of rare earths, with the potential for a long 18-year mine life exploiting just the higher confidence indicated material.

An international research study

Now, the firm is part of a large international research study, HiTech AlkCarb, which will provide greater understanding of the geology and geophysics of the Phalombe licence, which hosts Songwe, and which could show the area could support a much longer term and bigger rare earth project.

Speaking to Proactive, Will Dawes, Mkango's chief executive, explained, that the delegation was part of the EU funded €5.4 million HiTech AlkCarb research project and saw a large group of international and Malawian expert geologists and geophysicists‎ visit a number of prospects in the Phalombe licence in addition to other areas over the course of a week.

Apart from Songwe, ‎other prospects in the Phalombe licence visited by the party were the Nkalonje, Mantrap, Knoll and Namangale areas.

Without getting too geologically technical, this pioneering research is looking at the potential of whether there are additional buried carbonatite bodies, which could host more rare earths and thereby expand the long term potential of the Phalombe licence.

Dawes  explained that in the years following the original ground geophysics at Songwe, which was carried out six years ago, the focus was the outcropping mineralised carbonatite (above surface), from which the 32 million tonne resource was delineated, and the focus was not on potential buried carbonatites but that could all change now.‎ The original ground geophysics together with our collaboration in ‎HiTech AlkCarb will enable a greater understanding of that potential.

Potential for a longer mine life?

"We're not just looking at  Songwe  as an 18 year mine life operation. This project, the surrounding area and the other prospects have the potential to have a much longer mine life - and to be a very long term and sustainable producer of rare earths," he said.

Notably, Dawes said the Nkalonje vent was also of particular interest for follow-up work and could have potential for an underlying carbonatite ‎hosted rare earths deposit.

Dawes reckons the sort of data coming from the HiTech AlkCarb study in parallel with developing a better understanding of the exploration upside will provide an enhanced platform to bring in a partner to complete additional drilling and a definitive feasibility study, thereby accelerating development of the Songwe and the Phalombe licence.

The same can be said for the group's 136.9 sq km Thambani licence also in Malawi, prospective for uranium, tantalum and niobium where a partner would also be sought.

For Songwe Hill, the next major step would be a definitive feasibility study, said Dawes - Songwe's credentials were already underlined in an updated pre-feasibility report last November.

That envisaged Songwe Hill production of 2,841 tonnes of rare earths in mixed chemical concentrate per year over the 18 years.

The project's net present value (NPV) was US$345mln with up-front capital expenditure forecast at US$216mln.

Some 65% of the rare earths production value would be neodymium and praseodymium and over 15% the heavy rare earths, dysprosium and terbium.

These four are among the most valuable and used in hi-tech permanent magnet applications seen as critical components in the next wave of consumer products, electronics and green energy.

Bullish on rare earth market

Dawes said 50% of overall rare earth demand is geared towards clean energy and cleantech, and he is very bullish on the outlook for prices and the market.

The HiTech AlkCarb project is not the only cutting edge research into rare earths the group is involved in. It's also involved in the SoS RARE research consortium looking at extraction and processing methods. So there is much to look forward to.

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Thu, 20 Oct 2016 12:59:00 -0400 http://www.proactiveinvestors.com/companies/news/167717/mkango-looking-at-long-term-production-potential-in-malawi-167717.html
<![CDATA[News - Mkango Resources says Phalombe Licence renewal validates work so far ]]> http://www.proactiveinvestors.com/companies/news/167555/mkango-resources-says-phalombe-licence-renewal-validates-work-so-far-167555.html The two year renewal of the Phalombe Licence by the  Malawi government is a strong validation of work completed so far and the site's potential, rare earths explorer Mkango Resources Ltd (CVE:MKA, CVE:MKA) told investors.

Phalombe hosts the group's flagship Songwe Hill project, along with the Nkalonje, Mantrap, Knoll and Namangale prospects.

The licence has been renewed until January 2019, the firm said in a corporate update.

An updated prefeasibility study for Songwe released in November last year envisaged production of 2,841 tonnes of rare earths in mixed chemical concentrate per year over an 18 year mine life.

The project's net present value also rose 18% to US$345mln using an average price for a basket of rare earths of US$59.8kg, while the up-front capital expenditure was forecast at US$216mln.

Rare earth exploration is an evolving field and the Phalombe licence was recently visited by a large delegation in connection with the €5.4 million HiTech AlkCarb research project led by the Camborne School of Mines, University of Exeter and funded under the European Union's Horizon 2020 Research and Innovation programme in which Mkango is an industry partner.

The study has particular relevance to Mkango in its scope to better understand the potential for large, unexposed mineralised bodies of carbonatite, the host rock for rare earth mineralisation, on either a prospect or regional scale.

Such targets at may include the summit of Songwe hill and the Nkalonje vent system where and geophysics work will cover the areas to further assess their potential as future drill targets. 

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Tue, 18 Oct 2016 08:03:00 -0400 http://www.proactiveinvestors.com/companies/news/167555/mkango-resources-says-phalombe-licence-renewal-validates-work-so-far-167555.html
<![CDATA[RNS press release - Holding in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20160930104120_012985282/ Fri, 30 Sep 2016 05:41:20 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20160930104120_012985282/ <![CDATA[News - Mkango chief upbeat on rare earths outlook ]]> http://www.proactiveinvestors.com/companies/news/129857/mkango-chief-upbeat-on-rare-earths-outlook-129857.html Mkango Resources Ltd's (LON:MKA, CVE:MKA) second quarter charted significant progress and it sees a positive outlook for prices of rare earths and uranium.

The results are the first since it listed on London's AIM on June 15, raising £1mln in the process, which will provide for 18 months' working capital, it said today.

For the three months to end June, and in keeping with an explorer, the firm posted a net loss of US$699,213 (2015: US$1.17mln).

Cash at end of period was US$1.12mln compared to $62,303 at the same time last year.

It's been a busy few weeks. Earlier this month it said it had identified two more potential rare earths targets at its  Phalombe licence in Malawi from an airborne survey funded by the World Bank.

In July, it secured a two-year exclusive deal to acquire the worldwide licence for a rare earths processing technology.

William Dawes, chief executive, told investors today that he was pleased with the results.

"The company believes that prices for rare earths and uranium are at a cyclical low, with a positive outlook geared to growth in cleantech applications, technology and the low carbon economy," he said.

"We continue to explore partnership opportunities for both the Songwe and Thambani projects with a view to accelerating exploration and development of the projects for the benefit of all stakeholders."

In-depth - Mkango’s Aim listing a major milestone, says chief executive

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Wed, 31 Aug 2016 07:44:00 -0400 http://www.proactiveinvestors.com/companies/news/129857/mkango-chief-upbeat-on-rare-earths-outlook-129857.html
<![CDATA[RNS press release - 2nd Quarter Results ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20160831070007_012948258/ Wed, 31 Aug 2016 02:00:07 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20160831070007_012948258/ <![CDATA[RNS press release - Holding in Company ]]> http://www.proactiveinvestors.com/companies/rns/6737/LSE20160825115331_012943860/ Thu, 25 Aug 2016 06:53:31 -0400 http://www.proactiveinvestors.com/companies/rns/6737/LSE20160825115331_012943860/