Mkango Raises £1.25M From Existing Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 21 2024
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Source: Yahoo Finance
Funding Announcement: Mkango Resources has raised £1.25 million (C$2.19 million) from existing shareholders and secured an additional €200,000 (C$302,000) from EIT RawMaterials to advance its rare earth projects in Poland and Malawi.
Strategic Focus: The funds will support the development of recycling operations and process optimization for rare earth projects, while the company continues discussions with potential investors and implements cost-cutting measures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
