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Mkango's Will Dawes updates as Songwe Hill advances towards production decision

Will Dawes, chief executive of Mkango Resources Ltd’s (LON:MKA), caught up with Proactive London's Andrew Scott to discuss progress at its flagship Songwe Hill rare earth project in Malawi.

Commodities trader Talaxis has committed £12mln at the project level, with a view to supporting further exploration and to hitting certain development milestones.

That investment as it stands will net out at a 49% interest for Talaxis once the project is taken through the bankable feasibility stage.

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Price: 7.6 GBX

LSE:MKA
Market: LSE
Market Cap: £10.11 m
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Mkango Resources invests in rare earth magnets recycler

Mkango Resources Ltd's (LON:MKA, CVE:MKA) Will Dawes talks Proactive London through the news they're to buy a stake in a company that's developed a technology to recycle rare earth magnets. Mkango's taking a 25% stake for £300,000 and will provide a £200,000 convertible loan for HyProMag -...

on 23/9/19

2 min read