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Mkango highlights launch of new Maginito website

Mkango remains focussed on the development of the Songwe Hills rare earths project in Malawi

Mkango Resources Ltd -

Mkango Resources Ltd (LON:MKA)(CVE:MKA) has highlighted the launch of a new website for Maginito Ltd (www.maginito.com), together with a new Maginito company presentation.

Maginito is 75.5% owned by Mkango, which is completing a feasibility study for the Songwe Hill rare earths project in Malawi, and 24.5% owned by Talaxis Ltd, which is focused on investment in and development of technology metal opportunities.

Maginito was established to pursue downstream green technology opportunities in the rare earths supply chain, encompassing neodymium magnet recycling, as well as innovative rare earth alloy, magnet and separation technologies.

In January 2020, Maginito acquired a 25% interest in UK based NdFeB magnet recycler, HyProMag Ltd.

Quick facts: Mkango Resources Ltd

Price: 18.25 GBX

LSE:MKA
Market: LSE
Market Cap: £24.67 m
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on 15/9/20

2 min read