MKANGO RESOURCES LTD.
550 Burrard Street
Suite 2900
Vancouver
BC V6C 0A3
Canada
MKANGO ANNOUNCES PDMR
DEALING
London / Vancouver: February 12, 2025
- Mkango Resources Ltd.
(AIM/TSX-V: MKA) ("Company" or "Mkango") has been informed that
Robert Sewell, CFO of the Company, has purchased 450,000 common
shares without par value ("Shares") at a price of 11p per share on
February 11, 2025.
Following the purchase of the Shares, Robert Sewell
is the beneficial owner of 700,000 Shares in the Company, which
represents 0.21% per cent. of the issued share capital and total
voting rights of the Company.
About Mkango
Mkango is listed on the AIM and the TSX-V. 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, 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.
Maginito holds a 100 per cent
interest in HyProMag 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.
Maginito and CoTec are also
rolling out HyProMag's recycling technology into the United States
via the 50/50 owned HyProMag USA LLC joint venture company.
Mkango also owns the advanced stage Songwe Hill rare
earths project and an extensive rare earths, uranium, tantalum,
niobium, rutile, nickel and cobalt exploration portfolio in Malawi,
and the Pulawy rare earths separation project in Poland.
For more information, please
visit www.mkango.ca
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.
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
SP Angel
Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik
Mehta
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.
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.
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Details of the person discharging managerial
responsibilities/person closely associated
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a)
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Name:
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Robert Sewell
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2.
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Reason for the notification
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a)
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Position/status:
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Chief Financial Officer
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b)
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Initial
notification/Amendment:
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Initial notification
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3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name:
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Mkango Resources Ltd
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b)
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LEI:
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213800RPILRWRUYNTS85
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4.
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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
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a)
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Description of the financial
instrument, type of instrument:
Identification code:
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Common shares without par
value
CA60686A4090
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b)
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Nature of the
transaction:
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Purchase of shares
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c)
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Price(s) and volume(s):
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450,000 Shares at 11p
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d)
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Aggregated information:
Aggregated volume:
Price:
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Single transaction as in 4 c)
above
450,000
11p
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e)
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Date of the transaction:
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11 February 2025
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f)
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Place of the transaction:
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AIM
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