Business
Mkango Resources Limited Announces Annual General and Special Meeting of Shareholders
LONDON, UK AND VANCOUVER, BC / ACCESS Newswire / May 15, 2026 / Mkango Resources Ltd (AIM:MKA)(TSXV:MKA) (the "Company" or "Mkango"), announces that an annual
About this update from Mkango Resources Ltd.
[{"type":"text","content":" LONDON, UK AND VANCOUVER, BC / ACCESS Newswire / May 15, 2026 / Mkango Resources Ltd (AIM:MKA)(TSXV:MKA) (the \"Company\" or \"Mkango\"), announces that an annual general and special meeting (the \"Meeting\") of the holders of common shares (\"Shareholders\") of the Company will be held on June 5, 2026 to approve, amongst other matters, (i) amendments (the \"Amendments\") to the Company's amended and restated stock option plan, last approved by the Shareholders at the Company's last annual meeting held on November 12, 2025 (the \"Plan\"), (ii) the extension of the term of certain stock options, which were issued under the Plan to certain insiders of the Company, from 10 years to 15 years, and (iii) the waiver of oversight by the TSX Venture Exchange (the \"TSXV\") of actions proposed to be undertaken by Mkango Rare Earths Limited (\"MKAR\"), a wholly-owned subsidiary of the Company, following the completion of MKAR's proposed merger transaction with Crown Proptech Acquisitions and listing of the MKAR common shares on the Nasdaq Stock Market (the \"Proposed MKAR Transaction\"). Amendments to Mkango's Stock Option Plan and Extension of Vesting Period of Certain Options The Plan currently requires that the maximum term of the options not exceed 10 years from the date of issue. Currently, 4,693,334 options, each with an exercise price of C$0.06, will expire on June 15, 2026 and 2,175,000 options, each with an exercise price of C$0.07, will expire on October 23, 2026 (collectively, the \"Options\"). The directors have amended the Plan to permit the Company, subject to disinterested Shareholder approval at the Meeting and the approval of the TSX-V, to extend the term of the Options to 15 years from the date of issue (the \"Extension\"). If the Amendments are not approved, the holders of the Options will be required to exercise the Options or let them lapse. The reasons for requesting the approval of the Extension are included in the Company's management information circular dated May 4, 2026 (the \"Circular\") mailed today to Shareholders and available on the Company's website at mkango.ca/investors/annual-general-meeting/ and under the Company's profile on SEDAR+ at www.sedarplus.ca/home/. Shareholders are encouraged to read the Circular prior to voting on the resolution approving the new Option Plan containing the amendments permit...