London and Vancouver, British Columbia, March 11, 2022 (GLOBE NEWSWIRE) — Mkango Resources Ltd. (AIM / TSX-V: MKA) (“Company” or “Mkango”) pays attention to press releases by European Raw increase. The Materials Alliance (ERMA) reproduced below looks forward to working with ERMA in moving the Pulawy Separation Plant towards development.
Securing important raw materials for the European market is the main goal of the European Raw Materials Alliance (ERMA). The current issue of Europe’s dependence on oil and gas underscores the importance of diversifying the value chain across all strategic industries for the production of green energy.
ERMA has announced that it will support Mkango Resources Ltd. (AIM / TSX-V: MKA) by securing funding for the development of a rare earth separation plant in Pulawy, Poland. The plant will be supplied with rare earth carbonates from Mkango’s Songwe Hill primary rare earth element deposits in Malawi, Africa. The plant can also process other materials supplied by third-party providers, thus serving as a future European hub for the separation of rare earth elements.
The Puławy project will help create secure supply chain options for neodymium, praseodymium, dysprosium and terbium for the European Union. All these rare earth elements are important in the production of electric vehicles, wind turbines, and other clean energy applications that are key to the European Green Agenda.
Dr. Massimo Gasparon, Director of ERMA, commented: “Securing European raw materials and raw material supply chains to support industrial ecosystems and create jobs within the European Union is the main role of ERMA. This cannot be done alone and is diversified. Is very important. This is a multinational project where Canadian partner Mkango Resources has access to key raw materials in Malawi in Africa and processes them in a Polish factory. European economic interests. The Puławy project is a long-term project. It is one of the first ERMA projects to acquire Greenlight to provide the key raw materials needed to achieve Europe’s goal in green transition while diversifying its supply chain to. “
William Daws, CEO of Mkango Resources, commented:We look forward to supporting our European partners by building a more diverse raw material value chain. ERMA support continues to be important to us and we are pleased to be able to participate in our vast network of leading companies in the raw materials sector. The basic principles of ERMA fit into Mukango’s vision and philosophy for Malawi’s Puwabi separation plant and Sonwehill deposits. “
ERMA fully supports Mkango’s corporate strategy to develop new sustainable primary and secondary sources. Their integrated “mining, refining and recycling” strategy sets Mkango apart from its peers and uniquely positions the company in the rare earth sector. This week, Mkango is the final stage of a hydrological metallurgical pilot at ANSTO for Mkango’s Songwe Hill rare earth project (“Songwe”) in Malawi, which is the equivalent of total rare earth oxides (“TREO”), neodymium and praseodymium (“Nd”). / Pr “) Oxide. These make up 31% of TREO in rare earth carbonate products (ie, Nd / Pr oxide / TREO = 31%). Neodymium and praseodymium are key components of permanent magnets used in electric vehicles, wind turbines, and many electronic devices, with Nd / Pr oxide prices rising 85% and 135%, respectively, over the last 12 months. increase.
This cooperation and support for securing funding is one of the first projects to emerge from ERMA’s strategic initiative to secure rare earth elements in European industry. The first action plan entitled “Rare Earth Magnets and Motors: A Call for Action in Europe” was published in September 2021. This report outlines current and projected European demand for rare earth elements and the steps to be taken to secure their supply. The Puławy project addresses some important issues highlighted in the report.
About the European Raw Materials Alliance (ERMA)
Metals, minerals and advanced materials are the leading drivers of globally competitive, green and digital Europe. The European Raw Materials Alliance (ERMA) contributes to ensuring reliable, safe and sustainable access to raw materials. ERMA’s vision is to ensure access to important and strategic raw materials, advanced materials and processing know-how of EU industrial ecosystems. This partnership brings together all relevant stakeholders, including industry players, member countries and regions, trade unions, civil society, research and technology organizations, investors, and NGOs along the value chain. ERMA is managed by EIT Raw Materials, a community of knowledge and innovation of the European Institute of Innovation and Technology (EIT), an institution of the European Union.
Astickt MkWhenGo to Resources exclusive
Mkango Resources Ltd. (TSX-V / AIM: MKA) is a Canadian mineral exploration and development company listed on the UK and Canadian Stock Exchanges. The company is developing a Songwe Hill rare earth project in Malawi, where feasibility studies are nearing completion, in collaboration with Poland’s leading chemical company and Grupa Azoty PULAWY, the second largest manufacturer of nitrogen and compound fertilizers. And we are developing a Pulawy rare earth separation project in Poland. In the European Union. Mkango is also developing rare earth magnet recycling projects in the UK and Germany through a 42% strategic interest in HyProMag.
For more information, please visit www.mkango.ca.
Precautions regarding forward-looking statements
This news release contains forward-looking statements about Mkango, its business, HyProMag, separation plants, and Songwe (within the meaning of the term under applicable securities law). In general, forward-looking statements are “planning,” “expecting,” “expected,” “planned,” “estimating,” “intended,” “expecting,” and “believing.” Can be identified using words such as “,” or variations. Such words or phrases, or specific actions, events, or results can “can,” “may,” “can,” “would,” “should,” “may,” or “do.” , Occurred or achieved, or its negative implications. Readers should be careful not to place excessive reliance on forward-looking statements. There is no guarantee that plans, intentions, or expectations will arise based on them. By its very nature, forward-looking statements include general and specific known and unknown risks and uncertainties that contribute to the possibility that forecasts, forecasts, forecasts, and other forward-looking statements do not occur. Contains a number of assumptions, including. Future performance and results differ materially from estimates or forecasts of future performance or results expressed or implied by such forward-looking statements. These factors and risks are not limited to those mentioned above, and the global demand and price of metals and related downstream products investigated, researched and developed by COVID-19, COVID-19, and Mkango. Includes government measures related to other market impacts on. Separation, including feasibility study results and timing of completion, cost overruns, complexity of building and operating segregation plants, changes in economic and government regulations, and positive feasibility studies at Songwe Hill. Delays in factory development and funding or government approval for Songwe Hill and Separation Plant, and the impact of the environment and other regulations. Forward-looking statements contained in this news release were made as of the date of this news release. Except as required by law, we disclaim our intention to update or revise any forward-looking statement as a result of new information, future events, etc., except as required by applicable law. We shall not be obliged. In addition, the Company shall not be obliged to comment on the expectations or remarks of third parties regarding the above matters.
For more information on ERMA, please contact:
EIT Raw Materials
Vanessa Lorenz, Head of Communication,
For more information on Mkango, please contact:
Mkango Resources Limited
Financial public relations
United Kingdom: +44 207 138 3204
SP Angel Corporate Finance LLP
Designated advisors and co-brokers
Jeff Kaye, Caroline Rowe
United Kingdom: +44 20 3470 0470
Alternative resource capital
Alex Wood, Keith Dowsing
United Kingdom: +44 20 7186 9004/5
The TSX Venture Exchange has not endorsed or disapproved the content of this press release. Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.
This press release does not constitute an offer to sell or buy our shares or other securities in the United States. Our securities are not registered under the Securities Act of 1933 (“US Securities Act”) and may not be offered or sold in the United States or for US accounts or profits. Those who are exempt from the registration requirements of the US Securities Act, except for certain transactions.
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Diversifying the Rare Earth Value Chain for Europe’s Green Transition – ERMA Supports Mkango in Developing Pulawy Separation Plant in Poland, Canadian Business Journal
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