Mkango subsidiary buys into UK magnet recycling firm HyProMag | Sharecast.com

Mkango subsidiary buys into UK magnet recycling firm HyProMag | 

 Mkango Resources announced on Friday that its subsidiary Maginito has completed the acquisition of an initial 25% interest in HyProMag - a private, UK-based company focussed on rare earth magnet recycling, as it initially announced on 23 September.

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The AIM-traded firm said Maginito invested an initial �0.3m for a 25% interest in HyProMag, and had an option to invest a further �1m to increase its interest up to 49%.

Mkango Resources has a ravenous appetite for rare earths

Mkango Resources has a ravenous appetite for rare earths: TSXV and AIM-listed Mkango Resources sits in a rather unique position amongst its junior rare earths peers – who are focused on bringing mines into production but struggling to secure funding to do so.

Not only does Mkango Resources have the financial backing of a prestigious partner – Talaxis – the company is investigating the potential to bring a large-scale mine to market as well as the delivery of separated rare earth metals, CEO WILLIAM DAWES tells LAURA CORNISH.

Mkango’s Songwe Hill rare earth project, located in southern Malawi, could potentially move into construction towards the start of 2021 – upon completion of a bankable feasibility study (BFS) – which is currently underway – and a positive set of results.

Rare Earths Developer Mkango Resources Receives �1.1 Million (c$1.9 Million) From Exercise of Warrants TSX Venture Exchange:MKA

Rare Earths Developer Mkango Resources Receives �1.1 Million (c$1.9 Million) From Exercise of Warrants TSX Venture Exchange:MKA: LONDON and VANCOUVER, British Columbia, June 17, 2019 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango"), the rare earths development company currently completing a Feasibility Study for the advanced stage Songwe Hill project in Malawi, announces the exercise of warrants over 17,226,210 common shares without par value in the share capital of the Company ("New Shares") at an exercise price of 6.6 pence each, for an aggregate consideration of �1,136,930.

This includes 3,333,333 warrants exercised by Derek Linfield, Chairman of the Company, following which he will hold a beneficial interest in 5,139,561 Shares, representing approximately 3.9 per cent. of the Company’s issued share capital.

Sovereign Metals Limited receives high-grade rutile results from Malingunde in Malawi

Sovereign Metals Limited receives high-grade rutile results from Malingunde in Malawi: Sovereign Metals Limited (ASX:SVM) has received high-grade, broad and widespread rutile results from re-assaying of historical hand-auger holes at the Malingunde project in Malawi.

There were 125 shallow hand-auger drill holes selected for re-assay to assess the overall rutile potential across the Malingunde tenement area.


High-grade results
Results demonstrate that rutile mineralisation is likely to be present over vast areas and is hosted in soft, free-dig saprolite.

There were 26 holes, or 21%, with a weighted average grade of 2.34% titanium oxide and 96 holes, or 78%, with a weighted average grade of 1.89%.

Sovereign Metals confirms Malingunde projects' world-class status

Sovereign Metals confirms Malingunde projects' world-class status: East Africa - Sovereign Metals' 100%-owned Malingunde saprolite-hosted graphite project is a globally significant, coarse�flake graphite development.

It represents a high quality potential future mining operation producing�premium quality natural graphite products.

The Pre-Feasibility�Study (PFS) demonstrates extremely low operating and low capital�costs providing excellent margins.

Lowest cost graphite output a big advantage for Sovereign - MiningNews.net

Lowest cost graphite output a big advantage for Sovereign - MiningNews.net: A prefeasibility study for the project released�today is said by Sovereign to have outlined the "lowest operating cost coarse flake graphite project globally". Development capex is put at US$49 million for a 16-year project annually producing an average of 52,000t per annum of concentrate at operating costs of $323/t (FOB). The latter sees Sovereign of the belief it should even be able to "compete on price point with China", the world's largest supplier and consumer of natural flake graphite.

Sovereign Metals (@sovereignmetals) | Twitter

Sovereign Metals (@sovereignmetals) | Twitter: Sovereign Metals
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Miss the #SovereignMetals PFS release yesterday? Not to worry, hear from Managing Director Julian Stephens as he runs through the details of the announcement.

#SVM #Graphite #PFS #Malingunde #Malawi

Malawi: Mining in the heart of Africa

Malawi: Mining in the heart of Africa: Malawi: Mining in the heart of Africa
Published on October 26, 2018

Leon Louw

�The mining industry in Malawi is still in an early stage. The country is one of the poorest in the world, landlocked, and the infrastructure is old and not ideal to support a thriving mineral sector. Malawi has a fledging aggregate industry, nevertheless, and exploration projects for oil, rare earth elements (REEs), and graphite are putting it on the global mining map. It is best known for its substantial deposits of uranium, and pockets of small-scale coal operations. To date, Paladin Energy’s Kayelekera uranium mine has been the only large-scale mining project to get off the ground in this small country, better known for its lake resorts, fishing villages, and kapenta boats than for its large mineral deposits. Kayelekera, though, has been on care and maintenance for the past four years, following the sudden drop in uranium prices after the Fukushima nuclear disaster in Japan in 2011, and ongoing high operating costs.�

Read-across from Talaxis investment suggests Mkango Ltd is trading at a significant discount, says SP Angel

Read-across from Talaxis investment suggests Mkango Ltd is trading at a significant discount, says SP Angel: 12:52 04 Oct 2018
Mkango's rare earths projects have already attracted significant interest, and cash
According to the US Geological Survey, China accounts for around 79% of the world’s rare earth production. That’s as far as can be ascertained, because much of Chinese production is opaque and hard to quantify.

Either way, such an imbalance in global production at a time when trade war rhetoric against the Chinese is rapidly being converted into hard tariffs, is likely to favour significant rare earths operations in jurisdictions outside of China.

Malawian consent order allows Lindian to secure rare earths project EPL soon

Malawian consent order allows Lindian to secure rare earths project EPL soon: SX-listed Lindian Resources’ geologist Michael Saner has signed a consent order with the Malawi Ministry of Natural Resources and Environmental Affairs, bringing the company a step closer to acquiring up to 75% in the Kangankunde rare earths project, in Malawi.

Tanzanian junior expands focus to develop large-scale rare earths project in Malawi

Tanzanian junior expands focus to develop large-scale rare earths project in Malawi: While focused on advancing its Lushoto bauxite project in Tanzania, ASX-listed Lindian Resources has expanded its East African project portfolio having progressed with its acquisition of up to a 75% interest in a major rare earths project in Malawi. A consent order between the Malawi Ministry of Natural Resources and Environmental Affairs and Michael Saner has been signed for the Kangankunde rare earths project in Malawi – reportedly one of the largest rare earths projects outside of China. The acquisition was announced in August, the seller – Rift Valley Resources

Mkango intersects extensive zones of rare earths mineralisation at Malawi project

Mkango intersects extensive zones of rare earths mineralisation at Malawi project: Mkango intersects extensive zones of rare earths mineralisation at Malawi project 21ST AUGUST 2018 BY: SIMONE LIEDTKE WRITER SAVE THIS ARTICLE �����EMAIL THIS ARTICLE FONT SIZE: - Aim- and TSX-V-listed Mkango Resources has revealed the results of exploration drilling on the first eight holes, totalling 944 m of its targeted 10�000 m diamond drilling programme, at the Songwe Hill rare earths project, in Malawi. The drilling programme, which is focussed on infill drilling to confirm and upgrade the existing indicated and inferred mineral resource estimates, is a key component of the ongoing feasibility study for Songwe Hill and will be testing the extensions to the mineralisation and geotechnical drilling.

Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway

Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway: Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway
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14:17 06 Aug 2018
Mkango chief executive William Dawes said the group was "excited" to commence what will be the largest drill programme to date at Songwe.

Mkango Resources kicks off rare earths drilling in Malawi, 4 Jun 2018 09:55 | Shares Magazine

Mkango Resources kicks off rare earths drilling in Malawi, 4 Jun 2018 09:55 | Shares Magazine: "Source - SMW
Mkango Resources said a major drilling programme had commenced at the Songwe Hill rare earths project in Malawi.

The programme was a key component of a feasibility study for Songwe, which was being fully funded by Talaxis, a subsidiary of Noble Group.

It was for a minimum of 5,000 metres and would be focused on infill, step-out and geotechnical drilling.

Over 50 drill pads had been constructed, along with new access roads and enlarged camp infrastructure.

Mkango said it was targeting completion of an updated mineral resource estimate by the end of 2018.

"



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Mkango set for Songwe study | The Times Group

Mkango set for Songwe study | The Times Group:

Mkango set for Songwe study 

Posted By: George Mhango on: January 29. 2018 In: Business No Comments 
Anadian miner, Mkango Resources Limited, nas said it will soon commence a feasibility study ot 
its Songwe Hill Rare Earths Project in pnalomöe. 
This follows the receipt, last week, ot both shareholder and final Toronto Stock Exchange USX) 
Venture Exchange approval and investments totalling €6 million by its subsidiaries. 
Information posted on its website Thursday indicated that Talaxis nas invested E5 million into 
Mkango subsidiary, Lancaster Exploration Limited, in return tor a 20 percent interest in Lancaster. 
"upon completion of the feasibility study for Songwe and subject to completion of the definitive 
documentation, Talaxis will nave the option to acquire a further 26 percent interest in Lancaster, 
increasing its aggregate interest to 75 percent," Mkango said. 




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Mkango Mining plots London listing to speed rare earth exploration | Digitallook.com

Mkango Mining plots London listing to speed rare earth exploration | Digitallook.com: "Mkango Resources, a Toronto-listed rare earth explorer led by former Rio Tinto geologist Will Dawes, has applied to float on London's AIM in January. The Calgary-based company and its broker and nominated adviser SP Angel Corporate Finance are currently finalising the details of a small fundraising alongside its secondary listing, having in October raised CAD1.13m in a private placing."



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Exploration at Malawi rare earths project resumes after court ruling

malawi: "Exploration at Malawi rare earths project resumes after court ruling
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By: Marcel Chimwala
24th May 2013
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Springstone, a joint venture between Canada’s Gold Canyon Resources and Japan Oil, Gas & Metals National Corporation (Jogmec), has resumed exploration for rare-earth elements (REE) at Mulanje Mountain, in southern Malawi, following a High Court ruling setting aside an injunction to halt the project that was obtained by members of a nearby community."

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