Mkango Resources Ltd

Mkango Resources (TSX-V: MKA; AIM: MKA) is focused on the development of the Songwe Hill rare earth project in Malawi (www.mkango.ca). The Project advanced from an early stage in 2010 through two phases of drilling, resource definition and extensive metallurgical test work to completion of a pre-feasibility study in September 2014, updated in November 2015. It is one of only a handful of projects globally to have advanced beyond this stage and amongst the lowest capex in the sector. In November 2017, Mkango entered into an agreement with Talaxis Limited (Talaxis), a wholly owned subsidiary of Noble Group Limited, whereby Talaxis will fully fund a bankable feasibility study for Songwe totaling 12 million (C$20 million) for a 49% interest in the project. Talaxis will also have the option to acquire a further 26% interest in the project by arranging funding for project development. In addition, by investing a further 2 million (C$3.3 million), Talaxis may acquire a 49% interest in a...