Mkango Resources Ltd (MKA) NPV (DI)

Mkango Resources Ltd. is engaged in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited (Maginito), which is owned 79.4% by the Company and 20.6% by CoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies. It has several properties in the Republic of Malawi, including the Songwe Hill rare earths project and the Nkalonje Hill exploration target, both held within 11 Phalombe retention licenses. It is also pursuing mineral exploration opportunities with three additional 100% owned properties in Malawi, the Thambani retention licenses, the Chimimbe Hill exploration license, and the Mchinji exploration license. Maginito holds a 100% interest in HyProMag and a 90% interest in HyProMag Germany, focused on short loop rare earth magnet recycling, and a 100% interest in Mkango Rare Earths UK Ltd.