Mkango Resources Ltd (MKA) NPV (DI)

Mkango Resources Ltd. is a Canada-based company. The Company 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. The Company's segments include Rare earths recycling projects and Rare earths mining and refining projects. The Songwe Hill project is located in a stable jurisdiction with major infrastructure already in place. The project is approximately 70km from the former capital Zomba and approximately 90km from the commercial center of Blantyre. 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.