EARNINGS: Eleco profit rises over 25%; Mkango Resources loss narrows
1st May 2025 19:12
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Mkango Resources Ltd - Malawi-focused producer of recycled rare earth magnets, alloys, and oxides - Alongside CoTec Holdings Corp, Mkango says that Tampa, Florida-based PegasusTSI Inc and BBA USA Inc, whose parent is based in Quebec, Canada, have been engaged to complete the engineering, procurement and construction management services for HyProMag USA LLC's rare earth magnet recycling and manufacturing project in Dallas-Fort Worth, Texas. Mkango expects a notice to proceed for the second half of 2025, with first revenue targeted in the first half of 2027. Read More
Mkango Resources Ltd - Malawi-focused producer of recycled rare earth magnets, alloys, and oxides - Closes private placement raising gross proceeds of GBP2.3 million through the issue of 29.2 million shares at 8 pence each. Adds that it has issued 1.5 million warrants in aggregate to brokers who advised on the placing, with each warrant exercisable for three years with an exercise price of 8p per warrant. Notes net proceeds of GBP2.2 million from the subscription after fees. Mkango says it intends to use the proceeds to fund ongoing recycling development costs in Germany and the UK, as well as for ongoing corporate costs. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Mkango Resources Ltd on Wednesday said it signed a letter of intent with Crown PropTech Acquisitions to list Mkango's Songwe Hill and Pulawy rare earths projects on the Nasdaq. Read More
(Alliance News) - Mkango Resources Ltd on Friday said it made strides in reducing its loss and expenses, attributing the improvement to strategic cost-cutting measures and progress in its recycling-focused operations. Read More
(Alliance News) - Mkango Resources Ltd shares soared on Monday after it said a feasibility study on the development of a rare earth magnet recycling and manufacturing operation showed "robust economics". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
Mkango Resources Ltd - Malawi-focused producer of recycled rare earth magnets, alloys and oxides - Maginito Ltd, of which Mkango has a 79.4% stake, signs agreement with Inserma Anoia SL, a Spanish digital technology developer for the industrial and manufacturing industries. Companies to develop a process through which rare earth magnets are extracted from voice call motors in hard drive disks and put through HyProMag recyclers. HyProMag was developed by Maginito subsidiary HyProMag Ltd. It uses hydrogen processing of magnet scrap technology to extract neodymium iron boron from hard drives for re-processing and resale into the rare earth magnets market. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Mkango Resources Ltd on Monday announced it has signed a mining development agreement with the Malawi government for the Songwe Hill project, Malawi. Read More
(Alliance News) - Stock prices in Europe ended lower, starting the week on the back foot ahead of a US inflation reading and Federal Reserve decision, with election results in Europe hogging the spotlight on Monday. Read More
(Alliance News) - Mkango Resources Ltd on Monday launched a collaboration with Envipro Holdings Inc on rare earth magnet recycling in Japan and the UK. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Mkango Resources Ltd - Vancouver-based mineral explorer and developer with exploration portfolio in Malawi - Reduces executive management salaries by between 25% and 50% each from April through to September this year. Says this is part of its cost-cutting initiatives and complementary to its GBP750,000 private placement announced on April 11. Explains that cutting executive pay "conserves additional working capital to advance the company's assets". Board has also "implemented a bonus scheme in the form of shares to incentivise the executive management team". Mkango notes that non-executive directors, including Non-Executive Chair Derek Linfield, have been foregoing remuneration since January 1. Read More
(Alliance News) - Mkango Resources Ltd on Thursday said that it has closed a GBP750,000 private placement, which included a GBP150,000 investment by Chief Executive Officer William Dawes. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - Mkango Resources Ltd announced on Monday that it has raised funds totalling GBP900,000. Read More
Mkango Resources Ltd - rare earth metals explorer - Says BBA USA Inc and PegasusTSI Inc have been engaged to complete a feasibility study for the HyProMag USA asset. The study concerns the engineering and design of a rare earth element magnet recycling facility. "The feasibility study is expected to be completed during H2 2024. HyProMag USA has the potential to supply the US with a sustainable, long term domestic supply of neodymium/iron/boron permanent magnets to enable the creation of secure, low carbon and traceable rare-earth supply chains," it says. Mkango owns around 79% of Maginitom which in turn owns all of HyProMag. Toronto-listed CoTec Holdings Corp owns around 21% of Maginitom. Read More