TIDMMKA
RNS Number : 6894Y
Mkango Resources Limited
08 September 2022
MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO GRANTS STOCK OPTIONS
London/Vancouver: September 8, 2022 - Mkango Resources Ltd (AIM
/ TSX-V:MKA) (the "Company" or "Mkango") has granted a total of
350,000 stock options over 350,000 common shares of the Company
("Options") to Mr Robert Sewell, Chief Financial Officer of the
Company, in accordance with the Company's existing Option Plan.
The Options have an exercise price of $0.185 CDN per common
share, being the TSX-V close price of Mkango shares on 7 September
2022, will vest in 4 equal instalments over the next 2 years, with
the first tranche vesting immediately, and are valid for a period
of 10 years from the date of grant.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service, this inside information is now considered to
be in the public domain.
About Mkango Resources Limited
Mkango's corporate strategy is to develop new sustainable
primary and secondary sources of neodymium, praseodymium,
dysprosium and terbium to supply accelerating demand from electric
vehicles, wind turbines and other clean technologies. This
integrated Mine, Refine, Recycle strategy differentiates Mkango
from its peers, uniquely positioning the Company in the rare earths
sector.
Mkango is developing Songwe Hill in Malawi with a Feasibility
Study completed in July 2022. Malawi is known as "The Warm Heart of
Africa", a stable democracy with existing road, rail and power
infrastructure, and new infrastructure developments underway.
In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading
chemical company and the second largest manufacturer of nitrogen
and compound fertilizers in the European Union, have agreed to work
together towards development of a rare earth Separation Plant at
Pulawy in Poland (the "Pulawy Separation Plant"). The Pulawy
Separation Plant will process the purified mixed rare earth
carbonate produced at Songwe Hill.
Through its ownership of Maginito (www.maginito.com), Mkango is
also developing green technology opportunities in the rare earths
supply chain, encompassing neodymium (NdFeB) magnet recycling as
well as innovative rare earth alloy, magnet, and separation
technologies. Maginito holds a 42% interest in UK rare earth
(NdFeB) magnet recycler, HyProMag (www.hypromag.com) with an option
to increase its interest to 49%.
Mkango also has an extensive exploration portfolio in Malawi,
including the Mchinji rutile exploration project, the Thambani
uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt
project.
For more information, please visit www.mkango.ca
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements (within
the meaning of that term under applicable securities laws) with
respect to Mkango.. Generally, forward looking statements can be
identified by the use of words such as "plans", "expects" or "is
expected to", "scheduled", "estimates" "intends", "anticipates",
"believes", or variations of such words and phrases, or statements
that certain actions, events or results "can", "may", "could",
"would", "should", "might" or "will", occur or be achieved, or the
negative connotations thereof. Readers are cautioned not to place
undue reliance on forward-looking statements, as there can be no
assurance that the plans, intentions or expectations upon which
they are based will occur. By their nature, forward-looking
statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to
the possibility that the predictions, forecasts, projections and
other forward-looking statements will not occur, which may cause
actual performance and results in future periods to differ
materially from any estimates or projections of future performance
or results expressed or implied by such forward-looking statements.
Such factors and risks include, without limiting the foregoing,
completion of the Transactions, governmental action relating to
COVID-19, COVID-19 and other market effects on global demand and
pricing for the metals and associated downstream products for which
Mkango is exploring, researching and developing, factors relating
the development of the Mkango UK Pilot Plant, the Pulawy Separation
Plant, including the outcome and timing of the completion of the
feasibility studies, cost overruns, complexities in building and
operating the Separation Plant, changes in economics and government
regulation, the positive results of a feasibility study on the
Pulawy Separation Plant and Songwe and delays in obtaining
financing or governmental approvals for, and the impact of
environmental and other regulations relating to, Songwe, the Mkango
UK Pilot Plant and the Pulawy Separation Plant. The forward-looking
statements contained in this news release are made as of the date
of this news release. Except as required by law, the Company and
CoTec disclaim any intention and assume no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law. Additionally, the Company and CoTec undertake no
obligation to comment on the expectations of, or statements made
by, third parties in respect of the matters discussed above.
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes Alexander Lemon
Chief Executive Officer President
will@mkango.ca alex@mkango.ca
Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources
Blytheweigh
Financial Public Relations
Tim Blythe
UK: +44 207 138 3204
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Caroline Rowe
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any equity or other securities of
the Company in the United States. The securities of the Company
will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") and may not be offered
or sold within the United States to, or for the account or benefit
of, U.S. persons except in certain transactions exempt from the
registration requirements of the U.S. Securities Act.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Robert Sewell
----------------------------------- -------------------------------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------------------------------
a) Position/status: Chief Financial Officer
----------------------------------- -------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment:
----------------------------------- -------------------------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------------------
a) Name: Mkango Resources Limited
----------------------------------- -------------------------------------------------------------------
b) LEI: 213800RPILRWRUYNTS85
----------------------------------- -------------------------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------------------------------------------
a) Description of the Common shares of nil
financial pence each
instrument, type of CA60686A4090
instrument:
Identification code:
----------------------------------- -------------------------------------------------------------------
b) Nature of the Issue of options
transaction:
----------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s): Price Volume
C$0.185 350,000
----------------------------------- -------------------------------------------------------------------
Aggregated information: Single transactions
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: C$0.185 350,000
-------------------
----------------------------------- -------------------------------------------------------------------
e) Date of the transaction: 7(th) September 2022
----------------------------------- -------------------------------------------------------------------
f) Place of the transaction: Outside a trading
venue
----------------------------------- -------------------------------------------------------------------
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END
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