The proposed spin-out of its Songwe Hill rare earths mining development project in Malawi and Pulawy rare earth oxides separation plant project in Poland will leave Mkango as a more streamlined rare earth magnet recycling company, whilst retaining an initial majority shareholding in the upstream assets that may benefit from being listed in a currently more buoyant US market. We await details of the final structure of the proposed transaction, but view the move as a positive for Mkango, which wil ....

08 Jan 2025
Proposed US listing for Songwe and Pulawy projects

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Proposed US listing for Songwe and Pulawy projects
Mkango Resources Ltd. (MKA:LON) | 17.5 -0.1 (-3.8%) | Mkt Cap: 57.1m
- Published:
08 Jan 2025 -
Author:
Nick Chalmers -
Pages:
2 -
The proposed spin-out of its Songwe Hill rare earths mining development project in Malawi and Pulawy rare earth oxides separation plant project in Poland will leave Mkango as a more streamlined rare earth magnet recycling company, whilst retaining an initial majority shareholding in the upstream assets that may benefit from being listed in a currently more buoyant US market. We await details of the final structure of the proposed transaction, but view the move as a positive for Mkango, which wil ....