Mkango Resources Ltd (TSXV:MKA) Publishes Year-End Financial Statements for 2024

Highlights

• Mkango Resources Ltd announces the release of its year-end financial statements and MD&A for the period ending December
• The company operates in the rare earth elements sector and is dual-listed on the AIM and TSX-V exchanges under the ticker MKA
• The disclosure covers developments across its key projects in Malawi and corporate-level financial reporting

Mkango Resources Ltd (TSXV:MKA), a company active in the rare earth elements sector, has officially released its audited Financial Statements and accompanying Management’s Discussion and Analysis (MD&A) for the period ending December. The company’s listing on both the AIM (London) and TSX Venture Exchange (Canada) under the ticker MKA places it on indices including the FTSE AIM All-Share and the S&P/TSX Venture Composite Index.

Project and Operational Updates

Mkango continues to advance its rare earths strategy through ongoing development of the Songwe Hill project, located in Malawi. The company reported progress across multiple operational fronts, including further geotechnical assessment and environmental work to support ongoing feasibility-level requirements. This project remains central to the company’s rare earth element operations, with significant activity dedicated to refining site-level development plans.

The Pulawy Separation Plant project in Poland also featured in the disclosures, reflecting continued planning work focused on rare earth processing capabilities. The project remains at the planning stage, with the company noting updates related to engineering and permitting workflows. This development aligns with the company's vertically integrated rare earths strategy aimed at establishing a European supply chain component.

Corporate Developments and Financial Review

The financial statements detail administrative expenditures, exploration expenditures, and general corporate costs incurred during the reporting period. The company maintained its focus on expenditure discipline while advancing its key projects. Mkango also addressed capital allocation, highlighting the completion of previously announced placements and the use of proceeds in line with corporate objectives.

The MD&A outlines strategic partnerships and updates relating to collaborative efforts in the rare earths space. These include the status of technical collaborations and continued alignment with sustainability and ESG standards across project planning and reporting. Updates to corporate governance practices were also included, noting internal enhancements to compliance and oversight procedures.

Technical and Environmental Reporting

Mkango emphasized updates to its environmental, social, and governance (ESG) framework during the reporting period. The company continues to align its projects with international standards for responsible resource development. Environmental baseline studies, community engagement protocols, and land use evaluations formed part of the reporting content, reflecting Mkango’s multi-faceted approach to long-term planning in the rare earth elements sector.

In parallel, technical studies remain active, with continued evaluation of ore characterization and metallurgy. These efforts support broader objectives around processing efficiency and product specification for end-use industries.

Strategic Positioning and Industry Context

The company’s disclosures reinforce its positioning within the rare earth elements market, particularly as global demand for critical minerals remains an area of focus within broader industry frameworks. Mkango's dual listing and operational footprint place it in a distinct position in both emerging and established market jurisdictions.

Operational updates, financial structuring, and project timelines reported in the year-end disclosures reflect the company’s engagement with sector-specific developments, regulatory environments, and international cooperation initiatives relevant to rare earth supply chains.