Mkango Resources Ltd. (V:MKA)
Business Focus: Rare Earth Minerals
Insider Filings
Latest 10 SEDI filings for MKA within the last 6 months
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Company News
May 10, 2024 02:00 ET
Mkango Resources Limited Announces Management Restructures Compensation
LONDON, UK and VANCOUVER, BC / ACCESSWIRE / May 10, 2023 / Mkango Resources Ltd (AIM:MKA)(TSXV:MKA) ("Mkango" or the "Company") announces that, as part of its cost cutting initiatives and complementary to its recent £750,000 private placement closing, announced on 11th April, executive management salaries have been reduced by between 25% to 50% each from April 2024 through to September 2024. This conserves additional working capital to advance the Company's assets. In connection with these salary reductions, the board has implemented a bonus scheme in
Apr 30, 2024 02:20 ET
Mkango Releases Year-end 2023 Financial Statements
CALGARY, AB / ACCESSWIRE / April 30, 2024 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango"), is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis for the period ending 31 December 2023.
Valuation Ratios
Industry
Sector
Beta
2.17
--
--
Price to Sales - TTM
--
2.67
4.57
Price to Book - most recent quarter
8.37
2.42
2.08
Price to Cash Flow per share - TTM
--
--
9.80
Price to Free Cash Flow per share - TTM
--
41.76
20.61
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Feb 15, 2024 | 19,216 | 19,033 |
| Jan 31, 2024 | 183 | 133 |
| Jan 15, 2024 | 50 | 0 |
Business Summary
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
Mkango Resources Ltd. is a mineral exploration and development company. The principal business of the Company is rare earth element and associated mineral exploration and development with four properties in the Republic of Malawi, including the Phalombe exploration license (Phalombe License), the Thambani exploration license (Thambani License), the Chimimbe exploration license (Chimimbe License) and the Mchinji Exploration license. It is developing the Songwe Hill rare earths project in Malawi. In parallel, the Company is developing a rare earth separation plant at Pulawy in Poland. It is also developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as rare earth alloy, magnet, and separation technologies. The Company holds a 100% interest in HyProMag focused on short loop rare earth magnet recycling in the UK, a 90% direct and indirect interest in HyProMag GmbH and a 100% interest in Mkango Rare Earths UK Ltd.
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