<p><strong id="dateline">LONDON, UK AND VANCOUVER, BC / <a href='https://www.accessnewswire.com/'>AC...

<p><strong id="dateline">LONDON, UK AND VANCOUVER, BC / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / June 17, 2026 / </strong>Mkango Resources Ltd. (AIM:MKA)(TSXV:<a class="ticker" href="https://www.benzinga.com/quote/MKA">MKA</a>) ("Mkango" or "Company") announces that it has issued 143,335 common shares ("Common Shares") following the exercise of options by consultants of the Company. The 143,334 options had an exercise price of C$0.06 per option, for aggregate proceeds of C$8600.04.</p><p>Application has been made for the 143,334 Common Shares, which rank <i>pari passu</i> with the existing Common Shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will occur at 8:00am UK time on or around June 22, 2026. The Common Shares issued on exercise of the options will also be listed on the TSX Venture Exchange.</p><p>Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 387,253,618 Common Shares in issue. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company.</p><p><strong>About Mkango Resources Ltd.</strong></p><p>Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.</p><p>Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.</p><p>Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.</p><p>Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Puławy rare earths separation plant in Poland. Both the Songwe and Puławy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Puławy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.</p><p>For more information, please visit <a rel="nofollow" href="https://pr.report/mobr">www.mkango.ca</a>.</p><p><strong>Market Abuse Regulation (MAR) Disclosure</strong></p><p>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.</p><p><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p><p>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, the availability of (or delays in obtaining) financing to develop Songwe Hill, the recycling plants being developed by Maginito in the UK, Germany and the US, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito recycling plants and Pulawy, and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities. 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 disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.</p><p><strong>For further information on Mkango, please contact:</strong></p><p><strong>Mkango Resources Limited</strong></p><p>William Dawes <br/>Chief Executive Officer <br/><a rel="nofollow" href="mailto:will@mkango.ca">will@mkango.ca</a></p><p>Alexander Lemon<br/>President<br/><a rel="nofollow" href="mailto:alex@mkango.ca">alex@mkango.ca</a></p><p>Canada: +1 403 444 5979<br/><a rel="nofollow" href="https://pr.report/mobo">www.mkango.ca</a><br/>@MkangoResources</p><p><strong>SP Angel Corporate Finance LLP</strong><br/>Nominated Adviser and Joint Broker<br/>Caroline Rowe, Jen Clarke, Devik Mehta<br/>UK: +44 20 3470 0470</p><p><strong>Alternative Resource Capital</strong><br/>Joint Broker<br/>Alex Wood<br/>UK: +44 20 4530 9160/9177</p><p><strong>H&P Advisory Limited</strong><br/>Joint Broker<br/>Andrew Chubb, Leif Powis, Jay Ashfield<br/>UK: +44 20 7907 8500</p><p><i><strong>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.</strong></i></p><p><i>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.</i></p><p>This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact <a rel="nofollow" href="mailto:rns@lseg.com">rns@lseg.com</a> or visit <a rel="nofollow" href="https://pr.report/mobp">www.rns.com</a>.</p><p><strong>SOURCE: </strong>Mkango Resources Ltd.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/metals-and-mining/mkango-resources-limited-announces-exercise-of-options-1178439'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1178439" width="0" height="0"/>

MKNGF

Mkango Resources Limited Announces Exercise of Options

Mkango issues shares; AIM admission expected, potential near-term catalyst

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p&gt;&lt;strong id=&quot;dateline&quot;&gt;LONDON, UK AND VANCOUVER, BC / &lt;a href=&#039;https://www.accessnewswire.com/&#039;&gt;AC...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Mkango Resources issued 143,335 common shares from option exercises for ~C$8,600, with AIM admission anticipated around June 22, 2026 and parallel listing on the TSX Venture Exchange. Post-admission shares in issue will total 387,253,618. The company’s strategic position centers on recycled rare earth magnets through Maginito, with EU Critical Raw Materials Act support and SPAC listing plans potentially expanding US access.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Mkango issued 143,335 common shares from option exercises. Proceeds about C$8,600.</li><li>Admission for the new shares on AIM expected around June 22, 2026; TSX-V listing also.</li><li>Post-admission total common shares in issue: 387,253,618.</li><li>Mkango aims to lead recycled rare earth magnets via Maginito; EU Critical Materials Act support.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Mkango Resources Limited (MKA)</strong>: AIM/TSXV-listed; issuer of new shares; near-term liquidity catalyst for MKNGF.</li><li><strong>Maginito Limited (PRIVATE)</strong>: Mkango&#039;s 79.4% owned entity; focuses on recycled magnet production.</li><li><strong>HyProMag Limited (PRIVATE)</strong>: Subsidiary of Maginito; involved in magnet recycling activities.</li><li><strong>HyProMag GmbH (PRIVATE)</strong>: German affiliate focusing on short-loop recycling; supported by Maginito/Mkango.</li><li><strong>Mkango Rare Earths UK Ltd (PRIVATE)</strong>: UK-based recycling via chemical route; part of Maginito/Mkango strategy.</li><li><strong>Crown PropTech Acquisitions (N/A)</strong>: SPAC partner for Nasdaq listing of Songwe Hill/Puławy assets; catalyst risk if merger progresses.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate Developments; reflects equity issuance, liquidity events, and strategic financing/planning surrounding Mkango&#039;s asset-light growth path.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>AIM admission of new shares expected around June 22, 2026 could boost liquidity.</li><li>SPAC merger with Crown PropTech Acquisitions may unlock Nasdaq access for Mkango assets.</li><li>US$4.6 million DFC funding for Songwe Hill FEED represents potential financing signal.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>143,335 common shares issued from option exercises; aggregate proceeds C$8,600.04.</li><li>Exercise price for options: C$0.06 per option (143,334 options).</li><li>Admission expected on AIM around June 22, 2026; 8:00am UK time.</li><li>Post-Admission total Common Shares in issue: 387,253,618.</li><li>Mkango ownership: Maginito 79.4%, CoTec Holdings 20.6%.</li><li>Songwe Hill and Puławy projects designated as EU Critical Raw Materials Act Strategic Projects.</li><li>DFC funding of US$4.6 million for Front End Engineering and Design at Songwe Hill.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral-to-bullish near-term on added liquidity; monitor AIM admission and SPAC updates over 3–6 months.</p>
  </section>
</section>


<article>
  <section>
    <h2>Opening News Summary: Mkango Announces Exercise of Options and Planned Admission</h2>
    <p><strong>MKNGF</strong> is the stock symbol for Mkango Resources Limited. Mkango Resources Limited (AIM:MKA)(TSXV:<a class="ticker" href="https://www.benzinga.com/quote/MKA">MKA</a>) announces that it has issued <strong>143,335</strong> common shares ("Common Shares") following the exercise of options by consultants of the Company. The <strong>143,334</strong> options had an exercise price of C$0.06 per option, for aggregate proceeds of C$8600.04. Admission for these Common Shares is being sought on AIM, with dealings expected at <em>8:00am UK time</em> on or around <em>June 22, 2026</em>, and the Common Shares issued on exercise will also be listed on the TSX Venture Exchange.</p>
  </section>

  <section>
    <h2>Share Issuance Details and Trading Admission</h2>
    <p>Application has been made for the <strong>143,334 Common Shares</strong>, which rank <em>pari passu</em> with the existing Common Shares in issue, to be admitted to trading on AIM (<em>Admission</em>). It is expected that Admission will become effective and dealings will occur at <em>8:00am UK time</em> on or around June 22, 2026. The Common Shares issued on exercise of the options will also be listed on the TSX Venture Exchange.</p>
    <p>Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have <strong>387,253,618</strong> Common Shares in issue. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company.</p>
  </section>

  <section>
    <h2>Key Facts: Post-Admission Share Capital</h2>
    <ul>
      <li><strong>Admission target date</strong>: around <strong>June 22, 2026</strong> at 8:00am UK time</li>
      <li><strong>New Common Shares issued</strong>: <strong>143,334</strong> (pari passu with existing shares)</li>
      <li><strong>Total Common Shares outstanding after Admission</strong>: <strong>387,253,618</strong></li>
      <li><strong>Exercise price</strong> of the options: <strong>C$0.06</strong> per option</li>
      <li><strong>Aggregate proceeds from option exercise</strong>: <strong>C$8,600.04</strong></li>
    </ul>
  </section>

  <section>
    <h2>About Mkango Resources Ltd.</h2>
    <p>Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned <strong>79.4 per cent</strong> by Mkango and <strong>20.6 per cent</strong> by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.</p>
    <p>Maginito holds a <strong>100 per cent</strong> interest in HyProMag Limited and a <strong>90 per cent</strong> direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a <strong>100 per cent</strong> interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.</p>
    <p>Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company.</p>
    <p>Mkango currently owns <strong>100%</strong> of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Puławy rare earths separation plant in Poland. Both the Songwe and Puławy projects have been selected as <em>Strategic Projects</em> under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing <strong>US$4.6 million</strong> in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Puławy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.</p>
    <p>For more information, please visit <a rel="nofollow" href="https://pr.report/mobr">www.mkango.ca</a>.</p>
  </section>

  <section>
    <h2>Regulatory Disclosures and Forward-Looking Statements</h2>
    <p><strong>Market Abuse Regulation (MAR) Disclosure</strong></p>
    <p>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.</p>
    <p><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p>
    <p>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, the availability of (or delays in obtaining) financing to develop Songwe Hill, the recycling plants being developed by Maginito in the UK, Germany and the US, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito recycling plants and Pulawy, and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's and Maginito's activities. 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 disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.</p>
  </section>

  <section>
    <h2>Contact Information for Mkango</h2>
    <p><strong>For further information on Mkango, please contact:</strong></p>
    <p><strong>Mkango Resources Limited</strong></p>
    <p>William Dawes <br/>Chief Executive Officer <br/><a rel="nofollow" href="mailto:will@mkango.ca">will@mkango.ca</a></p>
    <p>Alexander Lemon<br/>President<br/><a rel="nofollow" href="mailto:alex@mkango.ca">alex@mkango.ca</a></p>
    <p>Canada: <strong>+1 403 444 5979</strong><br/><a rel="nofollow" href="https://pr.report/mobo">www.mkango.ca</a><br/>@MkangoResources</p>
    <p><strong>SP Angel Corporate Finance LLP</strong><br/>Nominated Adviser and Joint Broker<br/>Caroline Rowe, Jen Clarke, Devik Mehta<br/>UK: +44 20 3470 0470</p>
    <p><strong>Alternative Resource Capital</strong><br/>Joint Broker<br/>Alex Wood<br/>UK: +44 20 4530 9160/9177</p>
    <p><strong>H&P Advisory Limited</strong><br/>Joint Broker<br/>Andrew Chubb, Leif Powis, Jay Ashfield<br/>UK: +44 20 7907 8500</p>
  </section>
</article>

Mkango Resources issued 143,335 common shares from option exercises for ~C$8,600, with AIM admission anticipated around June 22, 2026 and parallel listing on the TSX Venture Exchange. Post-admission shares in issue will total 387,253,618. The company’s strategic position centers on recycled rare earth magnets through Maginito, with EU Critical Raw Materials Act support and SPAC listing plans potentially expanding US access.

Mkango Resources Limited Announces Exercise of Options

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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