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Mkango Resources Releases Financial Statements and Management’s Discussion and Analysis for the Period Ending June 30, 2021 and Grants Stock Options
LONDON and VANCOUVER, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Mkango Resources Ltd (AIM / TSX-V:MKA) (the “Company” or “Mkango”), is pleased to announce that it has r
About this update from Mkango Resources Ltd.
[{"type":"text","content":" LONDON and VANCOUVER, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Mkango Resources Ltd (AIM / TSX-V:MKA) (the “Company” or “Mkango”), is pleased to announce that it has released the Financial Statements and Management's Discussion and Analysis for the period ending June 30, 2021. The reports will be available under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (https://mkango.ca/investors/financials/). Subject to regulatory approval, Mkango has granted a total of 3,570,000 stock options (“Options”) to directors, officers, employees and consultants of the Company in accordance with the Company’s Option Plan. The Options have an exercise price of $0.48 CDN per common share, will vest in 4 equal instalments over the next 2 years, with the first tranche vesting immediately, and are valid for a period of 10 years from the date of grant. Options granted to directors are as follows: Optionee Granted Options Derek Linfield 1,000,000 William Dawes 400,000 Alexander Lemon 400,000 Shaun Treacy 250,000 Susan Muir 250,000 Market Abuse Regulation (MAR) Disclosure The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain. About Mkango Resources Limited Mkango's corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector. Mkango is developing Songwe Hill in Malawi with a Feasibility Study targeted for completion in Q1 2022. Malawi is known as \"The Warm Heart of Africa\", a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway. In parallel, Mkango recently announced that Mkango and Grupa Azoty PULAWY, Poland's leading...