Company Overview

Mkango Resources Ltd. is a rare earth elements (REEs) development and recycling company focused on the extraction, processing, and downstream production of neodymium, praseodymium, dysprosium, and terbium, which are critical inputs for permanent magnets used in electric vehicles, wind turbines, and other clean energy technologies. The company operates across the mining, materials processing, and magnet recycling industries, positioning itself within the global critical minerals supply chain.

The company’s core asset is the Songwe Hill Rare Earths Project in Malawi, one of the most advanced undeveloped REE projects in Africa. Mkango has evolved from a traditional exploration-stage mining company into an integrated rare earth platform with upstream mining, midstream chemical processing, and downstream magnet recycling exposure. This evolution reflects a strategic focus on supply chain security outside of China and alignment with Western industrial and clean energy policies.

Business Operations

Mkango’s operations are organized around upstream mining development, downstream processing, and magnet recycling. The primary mining operation is the Songwe Hill Rare Earths Project, which is designed as an open-pit mine producing a high-value rare earth carbonate. The project has completed feasibility-level studies and is intended to supply feedstock for separated rare earth oxides used in permanent magnets.

Downstream, Mkango has established processing and recycling capabilities through subsidiaries and partnerships in the United Kingdom and Europe. The company holds a majority interest in Mkango Rare Earths UK Ltd., which owns the Pulawy separation plant development initiative and supports chemical processing strategy. Additionally, Mkango has exposure to short-loop magnet recycling technology through its interest in HyProMag Limited, which focuses on recycling rare earth magnets into reusable alloy powders.

Strategic Position & Investments

Mkango’s strategy centers on becoming a vertically integrated, Western-aligned rare earth supplier spanning mining, processing, and recycling. Key growth initiatives include advancing financing and development of Songwe Hill, scaling magnet recycling capacity, and supporting downstream alloy and magnet manufacturing. This integrated approach is intended to reduce geopolitical supply risk and meet increasing demand from automotive and renewable energy sectors.

A cornerstone investment is Mkango’s equity interest in HyProMag Limited, a company commercializing hydrogen-based magnet recycling technology originally developed at the University of Birmingham. Mkango has also formed strategic relationships with European industrial and government-backed entities to support rare earth processing and recycling infrastructure, reflecting its focus on emerging clean technology supply chains.

Geographic Footprint

Mkango operates across Africa and Europe, with its corporate headquarters in Canada. The company’s flagship mining asset is located in Malawi, where it holds long-term mining licenses and has completed extensive technical and environmental work. Malawi represents the company’s primary upstream operational footprint.

Internationally, Mkango maintains a strong presence in the United Kingdom and continental Europe through processing, recycling, and technology partnerships. These regions serve as the foundation for its downstream and circular economy strategy, enabling access to advanced manufacturing hubs and end-users in the European Union and UK clean energy markets.

Leadership & Governance

Mkango was founded and is led by a management team with experience in African mining development, capital markets, and critical materials. The leadership emphasizes long-term asset development, strategic partnerships, and alignment with environmental, social, and governance standards, particularly in emerging markets and clean energy supply chains.

Key executives include:

• William Dawes – Chief Executive Officer
• Alexander Lemon – President
• Graham Neilly – Chief Financial Officer
• Timothy George – Chief Operating Officer
• Andrew Bell – Non-Executive Chairman

The board and executive team collectively guide the company’s strategy toward vertical integration, technological differentiation, and responsible development of critical mineral resources outside traditional supply centers.