10th Apr 2026 11:25
Mkango Resources Ltd - Vancouver, Canada-based company focused on production of recycled rare earth magnets, alloys and oxides - Raises GBP12.5 million following the closure of its fundraise. Says it issued an aggregate of 37.9 million new shares at a price per share of 33 pence. Says the proceeds are earmarked to support its growth opportunities, including a potential acquisition in Germany. Plans to also use the funds for capital expenditure requirements at its UK and German operations, as well as for working capital purposes.
Current stock price: 37.00 pence, up 4.2% on Friday morning in London
12-month change: More than doubled from 17.00 pence
By Christopher Ward, Alliance News reporter
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