Mka Unaffected By Malawi Executive Order No. 2
Mkango Resources Ltd. has confirmed that Malawi's Executive Order No. 2 of 2025, prohibiting the export of raw minerals, does not affect its Songwe Hill rare earth mining project. The Songwe project will produce a value-added processed and refined mixed rare earth carbonate product at the mine site, thus complying with the order, which only applies to unprocessed minerals. Following the U.S. International Development Finance Corporation project development funding agreement, Mkango is progressing preparations to initiate the Front-End Engineering and Design. Mkango owns 79.4 percent of Maginito, while CoTec owns 20.6 percent.
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MKANGO UNAFFECTED BY MALAWI EXECUTIVE ORDER NO. 2 OF 2025
London / Vancouver: 28 October 2025 - Mkango Resources Ltd (AIM / TSX-V:MKA) (the "Company" or "Mkango"), acknowledges the recent Executive Order by His Excellency Professor Arthur Peter Mutharika, President of the Republic of Malawi, regarding the prohibition of the export of raw minerals, promoting local value addition and ensuring that the mineral resources of Malawi contribute to the economic development and prosperity of the country.
The Songwe Hill rare earth mining project ("Songwe" or the "Project") will be producing a value-added processed and refined mixed rare earth carbonate product at the mine site in Malawi. As such, the prohibitions outlined in Executive Order No. 2 of 2025 are not applicable to Songwe as the ban only relates to minerals that have not been processed, refined, or value-added in Malawi.
Following the announcement of the U.S. International Development Finance Corporation project development funding agreement, Mkango is progressing preparations to initiate the Front-End Engineering and Design.
About Mkango Resources Ltd.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a BCA with CPTK to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.