https://newsletter.en.creamermedia.com
Aggregate|Mining|PROJECT|Resources
Aggregate|Mining|PROJECT|Resources
aggregate|mining|project|resources

Mkango closes £2.34m private placement

3rd February 2025

By: Sabrina Jardim

Creamer Media Online Writer

     

Font size: - +

A private placement by Aim-listed Mkango Resources to raise gross proceeds of £2.34-million through the issuance of 29.19-million common shares at a price per subscription share of 8p, has closed.

The company says the subscription shares have been issued pursuant to the private placement.

In addition to the subscription shares, the company has issued an aggregate of 1.46-million warrants to the brokers who advised in connection with the placing.

Each broker warrant is exercisable for a period of three years with an exercise price of 8p per broker warrant.

The net proceeds of the subscription, after fees, are £2.22-million and will be used to fund ongoing recycling development costs in Germany and the UK, and to fund ongoing corporate costs.

Mkango is developing the Songwe Hill rare earth mining project, in Malawi, along with rare earth recycling plants in Europe and the US.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Metals and engineering industry taking strain
Metals and engineering industry taking strain
28th February 2025 By: Creamer Media Reporter
Magazine round up | 28 February 2025
Magazine round up | 28 February 2025
28th February 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.06 0.147s - 167pq - 2rq
Subscribe Now