Mkango Resources says initial phases of the feasibility for Songwe Hill are underway
Over 50 drill pads are being constructed for the drill programme, as well as an enlarged camp to accommodate the larger team versus previous drill programmes
Company
CVE:MKA
Mkango Resources Ltd is moving towards production at its rare earth recycling venture in the UK, Germany and the USA. The company’s HyProMag venture uses Hydrogen Processing of Magnet Scrap (HPMS) to recycle rare earths. HyProMag’s technology has been selected by the transnational association Minerals Security Partnership (MSP) for support as one of its key projects. The rare earth magnet recycling technology was selected by MSP due to its strong potential to contribute towards the development of responsible critical mineral supply chains.
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Over 50 drill pads are being constructed for the drill programme, as well as an enlarged camp to accommodate the larger team versus previous drill programmes
Investments and investor services
Wall Street recovered from earlier lows but still remain in negative territory
Following recent investments by Noble Group subsidiary Talaxis, the exploration and development company said the initial phases of the feasibility study include a diamond drilling programme and the publication of an updated mineral resource
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
The AIM listed firm said Talaxis has invested £5mln (C$8.8mln) into Lancaster Exploration Limited - the subsidiary which holds the licence for the advanced stage Songwe Hill rare earths project in Malawi - in return for a 20% interest in th
Some of the major news-driven risers and fallers in London on Thursday ...
Main share price risers and fallers in London around 3.30pm include Falcon Oil, Cap-XX
Mkango Resources has signed an MoU in regard to the development of rare earth technologies
William Dawes, chief executive, said both projects are focused on commodities with strong outlooks.
Dual-listed Mkango Resources announced on Monday the results of its annual general meeting of shareholders held on February 16
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A look at the highlights of the week's small cap mining news
Also covered: CloudTag, Green Dragon Gas, Hummingbird, Real Good Food, SDX, Stratmin, Sula, Sirius Minerals and Tissue Regenix
It will be mainly looking for uranium, but if it happens to find some of that sexy lithium ...
Some of the largest risers and fallers in London at 4pm
It was, as expected, a fairly quiet week for news from the mining sector, with few announcements released in the shortened trading week.
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A glance at some of the stories on the Proactive newswire today
It also said it has obtained regulatory approval for a £450,000 placing with existing shareholders and new institutional investors.
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Also featured: Alecto Minerals, KEI Minerals, Kibo Mining, Mariana Resources, Mkango Resources, Vast Resources
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A glance at some of the stories on the Proactive newswire today
Will Dawes, chief executive of Mkango, said the deal should transform the company.
Mkango Resources Ltd, the rare earths explorer, reported a jump in total assets with its third quarter earnings on Monday
Outlined at Songwe Hill is already an inferred and indicated resource of 32mln tonnes of rare earths
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A look at some of the news stories from the junior mining sector last week
The results are the first since it listed on London's AIM on June 15, raising £1mln in the process.
Mkango Resources investor Christopher Williams on June 15 acquired 4,257,754 common shares of the company at a price of six cents per common share ($255,465 in total)
The survey covered Mkango's Phalombe licence though not the flagship Songwe Hill project
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A round up of the week's mining headlines from Proactive.
Cello reports "noticeable impact" from Brexit, Tern reports a big jump in total assets, and Green Dragon has a production boost in China.
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A weekly round up of the mining news from the world of Proactive.
A round-up of small cap stories on today's newswire
London's blue chips shed a couple of points at the close after gains earlier
Investments and investor services
The Footsie fell 0.18 points to 6682.68 in early trading
The work was part of a US$25 million World Bank funded nationwide airborne programme flown at 250 metre spacing.
A weekly round-up of mining news from the world of Proactive.
All work and no play makes Jack a dull boy (and Jill a dull girl).
A nationwide airborne geophysical survey over Malawi has recently been carried out as part of a US$25mln World Bank-funded project
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Metals Ex produces its first gold this week; Diamondcorp hailed the success of its recent auction; and Mkango joined AIM.
Mkango's listing on London's Aim market is a sign of the company's ambitions for the future
Mkango will retain its listing on the TSX Venture Exchange.
The company will raise around a million quid - that's C$1.9mln - when it lists on London's growth stock market, Aim
Mkango Resources more than halved its losses thanks to exchange rate translation and boosted its cash pile when it reported first quarter results on Thursday
Mkango Resources Ltd has received commitments for over one million pounds sterling (approximately C$1.9mln) to date in relation to a London listing
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This week's mining industry news from Proactive Investors.
Mkango will issue fresh capital as part of the flotation in London
Mkango Resources reports turning a net loss into net income with its fiscal 2015 earnings
One sector set to benefit from the recent ground-breaking climate deal in Paris is rare earths.....,
Malawi focused rare earths explorer Mkango Resources has significantly scaled down its administrative and exploration expenditures, it told investors,..
An offtake agreement is now the one missing piece in the puzzle for the explorer.
Mkango's focus on magnetic rare earths could help China push its green agenda
Some 65% of the rare earths would be neodymium and praseodymium and over 15% the heavy rare earths, dysprosium and terbium.
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It was a mixed day but mining featured prominently.....
Mkango Resources can continue exploring its Thambani project in southwest Malawi for a further two years - after the government granted a licence renewal. .
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A summary of the days news from the Proactive universe
Mkango made further progress in reducing overhead costs in the second quarter
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It was a busy news day and AFC Energy (LON:AFC) revealed it had commissioned and commenced operation of its KORE fuel cell system at its site in Stade,
Mkango told investors it had brought in C$750,000 in the first tranche of its previously announced C$1.5mln private placing....
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Quite busy on the mining front this week. Here are some highlights.
London knows Africa and for many years has been the pre-eminent destination for financing African mining projects.
Dawes has told Proactive Investors he is confident that the pre-feasibility study is on track to hit the targeted deadline in the first quarter of next year.