MKA) Signs MDA With Malawi Government For Songwe Hill Rare Earths Project – Share Talk

MKANGO SIGNS MINING DEVELOPMENT AGREEMENT WITH MALAWI GOVERNMENT FOR THE SONGWE HILL RARE EARTH PROJECT

Highlights

·      Lancaster Exploration, a 100% owned subsidiary of Mkango Resources Limited, and the Malawi Government have signed a Mining Development Agreement (“MDA”) for the Songwe Hill Rare Earths Project in Malawi

·      The signing of the Songwe MDA confirms the fiscal terms applicable to the project and enhances the options to create value for shareholders in the context of the ongoing strategic review and engagement with potential strategic investors, development and commercial banks, and offtakers.

London / Vancouver: July 29, 2024 – Mkango Resources Ltd. (AIM/TSX-V: MKA) is pleased to announce that Lancaster Exploration Limited, a British Virgin Islands company and Lancaster Exploration Limited, a Malawi company, both  100% owned subsidiaries of Mkango, and the Malawi Government have…