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Aim- and TSX-V-listed Mkango Resources has appointed Philipa Varris to its board as nonexecutive director and chairperson of its sustainability committee. The company states that the appointment is part of its global expansion strategy and highlights the importance the company places on upholding the highest standards of sustainability.
Mkango Resources Ltd. (CVE:MKA – Get Rating)’s share price traded up 11.8% during trading on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.19. 47,632 shares were traded during trading, an increase of 334% from the average session volume of 10,964 shares. The stock had previously closed at C$0.17. Mkango […]
Rare earths company Maginito, in which Mkango Resources holds a 90% interest, is set to increase its ownership in HyProMag from 42% to 100% for an initial £1-million in cash and £1-million in Mkango shares, as well as a further £3-million of Mkango shares, payable in four tranches, subject to production and other milestones in the UK, Germany and US. The cash component is to be funded from the recent £1.5-million investment by CoTec into Maginito. CoTec holds a 10% interest in Maginito.
HIGHLIGHTS: Maginito to increase ownership in HyProMag from 42% to 100% for £1 million in cash and £1 million in Mkango shares, and a further £3 million payable in four... | May 16, 2023
Mkango Resources has entered into an agreement to increase its ownership stake in HyProMag from 42% to 100%, it announced on Tuesday, in a cash and share transaction.