Mkango Resources has published its second-quarter 2025 results, reporting a cash balance of US$1.2 million as of June 30, 2025.
Since the beginning of the quarter, 8.34 million investor warrants have been exercised, with 16.6 million in-the-money warrants still outstanding at an exercise price of 7 pence each.
A major development came from HyProMag USA, which received a letter of interest from the U.S. Export-Import Bank for potential financing of up to US$92 million to support its planned facility in Texas.
Mkango also confirmed that its stake in Mkango Rare Earths Limited carries a pre-expense valuation of approximately US$400 million.
On the operational front, the company reported production of 905 kilograms of recycled Neodymium Iron Boron alloy powder to date at its Tyseley Energy Park facility.
To view the Financial Statements, please click here:
http://www.rns-pdf.londonstockexchange.com/rns/3287X_2-2025-8-29.pdf
To…
