Mkango Releases Q3 2024 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 29 2024
0mins
Source: Yahoo Finance
Financial Update: Mkango Resources Ltd has released its financial statements for the three-month period ending September 30, 2024, reporting a cash position of US$2 million and ongoing advancements in rare earth magnet recycling projects in the UK, Germany, and the USA.
Project Developments: The company is progressing with significant projects, including a positive feasibility study for a rare earth magnet recycling facility in Texas, USA, and the commissioning of a plant in Birmingham, targeting production by April 2025.
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.
