Exercise Of Warrants
Mkango Magnetic Materials Limited has announced the exercise of 600,000 warrants at seven pence per share, resulting in the issuance of 600,000 new common shares. Following this issuance, the company's total issued and outstanding share capital will be 389,853,618 shares. These new shares are expected to be admitted to trading on AIM and the TSX-V around October 9, 2026.
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Suite 2900
Vancouver
BC V6C 0A3
Canada
EXERCISE OF WARRANTS
LONDON / VANCOUVER: 5 October 2026 – Mkango Magnetic Materials Ltd. (AIM/TSX-V: MKA) (“Mkango” or the “Company”) announces that it has received an exercise notice from a Mkango warrant holder to exercise 600,000 warrants over common shares in the Company, at a price of seven (7) pence per common share. Accordingly, the Company will issue 600,000 common shares ("Warrant Shares") to satisfy this exercise.
The Warrant Shares will rank pari passu with the Company's existing common shares and application has been made for the Warrant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Warrant Shares will commence at 8:00 am on or around 9 October 2026. The Warrant Shares will also be listed for trading on the TSX-V.
About Mkango Magnetic Materials Ltd.
Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Pulawy rare earths separation plant in Poland. On grant of the large-scale mining licence the Government of Malawi may elect to take a free 10% interest in the entity holding that licence. Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government’s development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. MKAR has signed a Business Combination Agreement with CPTK to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC merger under the name Mkango Rare Earths Limited.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.