Mkango Resources Ltd. · TSXV:MKA
Mkango Resources — Investor Presentation (July 2025)
42 slides from Mkango Resources's investor presentation, July 2025
Slide 1: Sustainably Sourced Rare Earths for the Green Transition
MINE REFINE RECYCLE Sustainably Sourced Rare Earths for the Green Transition Mkango Resources Ltd. Corporate Presentation July 2025
Slide 2: Spearheading Rare Earth Magnet Recycling
Spearheading Rare Earth Magnet Recycling Overview HyProMag has been spearheading short-loop rare earth magnet recycling and manufacturing since 2018, underpinned by the patented Hydrogen Processing of Scrap (HPMS) Technology, developed at the University of Birmingham and exclusively licenced to HyPr
Slide 3: Recycling Technology Roll-Out & Growth Pipeline
Recycling Technology Roll-Out & Growth Pipeline Overview Rare Earth Magnet Recycling & Manufacturing Group Structure Mkango RE UK 79.4% Focus on short- Focus on short- Focus on short- Collaboration with Focus on long- loop recycling in loop recycling loop recycling in Envipro in Japan & lo
Slide 4: Mkango's Upstream Assets to be Listed on Nasdaq
Mkango’s Upstream Assets to be Listed on Nasdaq Overview Mining Refining • Business Combination Agreement (BCA) signed for a SPAC merger with Crown Proptech Acquisitions. Songwe Hill Rare Pulawy Separation • Mkango’s Songwe Hill and Pulawy Projects to be listed on Earths Project Project NASDAQ, unde
Slide 5: Mkango - Capital Structure
Mkango - Capital Structure Corporate Information Mkango Resources AIM/TSXV: MKA 3-year share price p (AIM) Share Price GBP0.313 /C$0.56 Shares Outstanding 332.7m Market Cap. £103.9m / C$186.3m Major Shareholders Talaxis 20.87 % Stewart Newton 3.55 % Michael Geoghegan 2.91 % Leo Mining & Exploration
Slide 6: Mkango - Board and Management
Mkango - Board and Management Corporate Information Derek Linfield, Non-Executive Chairman William Dawes, CEO & Co-founder Former Managing Partner of Stikeman Elliott (London) LLP, over 18 years’ BSc in Geology, MSc in Mineral Exploration experience in London with African mining and oil & gas sect
Slide 7: Rare Earth Magnet Recycling and Manufacturing
Rare Earth Magnet Recycling and Manufacturing
Slide 8: HyProMag – Introduction
HyProMag – Introduction Corporate Recycle Recycle Overview Information Major opportunity for growth in recycling - less than 5% of rare earth magnets are currently recycled from Founded in 2018 by leading experts end-of-life products in magnetic materials, recycling and hydrogen technologies K
Slide 9: Magnet Recycling Challenges
Magnet Recycling Challenges Recycle Most end-of-life rare earth magnets are not currently recycled Electronic products are not often designed with end-of- use recycling in mind Current recycling processes Hard disk drives Rotor from an automotive are not suitable for NdFeB drive motor magnets
Slide 10: The HPMS Solution Explained
The HPMS Solution Explained Recycle 3. HPMS extracts & demagnetises embedded NdFeB magnets using hydrogen, enabling separation from the scrap stream prior to shredding – the resulting NdFeB powder is then fed back into the supply chain
Slide 11: The HPMS Solution Explained
The HPMS Solution Explained Recycle SHORT LOOP INSERMA HPMS Rare earth magnet MEDIUM LOOP Rare earth alloy HPMS Picture A: E-bike rotor with Picture B: NdFeB liberated from embedded magnets rotor via HPMS LONG LOOP Neodymium oxide powder
Slide 12: HPMS / Short Loop – HDD Example
HPMS / Short Loop – HDD Example Recycle Mixed VCM Feed from HDDs Commercial Grades N40M - N45M Magnets
Slide 13: Recycled Magnets with Low CO2 Footprint
Recycled Magnets with Low CO2 Footprint Recycle MULTIPLE Remanence INPUTS: COMMERCIAL GRADES enhancement Key: SCRAP PRODUCED FROM A through grain Expected future manufacturing capability at Tyseley boundary removal CONTAINING RANGE OF EoL NdFeB and blending Current manufacturing capability from pilo
Slide 14: Competitive Advantages
Competitive Advantages Recycle Early mover advantage with strong competitive position Significant competitive advantages Over 3,000 commercial grade recycled finished magnets produced HPMS solves the separation issue – how to liberate and from piloting and being tested in various applications de
Slide 15: Significantly Reduced CO2 Footprint
Significantly Reduced CO2 Footprint Recycle Carbon Footprint of NdFeB Magnet Manufacturing 100 Climate change, kg CO2e per kg of sintered NdFeB 89.2 89.1 90 82 Primary Mined Material Secondary Recycled Material 80 76.2 75.3 75.1 70 60 50 41.4 41 40 34.6 28.5 27.6 30 27 21 20 12.8 12.5 10 10 5.9 3.3
Slide 16: Inserma Automated Pre-Processing
Inserma Automated Pre-Processing Recycle Exclusive agreement with Inserma to commercialise automated pre- processing of hard disc drives, loudspeakers and electric motors Collaboration with Inserma on the optimisation, commercialisation and roll-out of pre-processing technologies for HyProMag in t
Slide 17: New UK Rare Earths Hub at Tyseley
New UK Rare Earths Hub at Tyseley Recycle Tyseley Energy Park - delivering low & zero-carbon power, transport, heat, waste and recycling solutions Energy Production - - Biomass Hydrogen production for fuel cell buses Waste handling site for Birmingham Magnet manufacturing BEIC – University research
Slide 18: First Commercial Production Runs Complete
First Commercial Production Runs Complete Recycle HyProMag – main industrial partner for scale-up and exclusive HPMS licencee Initial Tyseley development Equipment at Tyseley Energy based on 20% capacity utilisation to produce 20- park, UK 25tpa NdFeB HPMS reactor Powder processing (sieving, mil
Slide 19: Tyseley Energy Park Scale-Up
Tyseley Energy Park Scale-Up Recycle Sintered HPMS powder Blended magnet for remelting HPMS blocks HPMS powder powder Pre-processed feed HPMS Strip Sieving Degassing Melting Jet Slicing & Finished sieving HD & Pressing Sintering casting milling dicing magnets blending HPMS powder for HPMS powder for
Slide 20: Germany Scaled-Up Development
Germany Scaled-Up Development Recycle Sintered HPMS powder Blended magnet for remelting HPMS blocks HPMS powder powder Pre-processed feed HPMS Strip Sieving Degassing Melting Jet Slicing & Finished sieving HD & Pressing Sintering casting milling dicing magnets blending HPMS powder for HPMS powder sh
Slide 21: Short-Loop and Long-Loop Recycling
Short-Loop and Long-Loop Recycling Recycle HPMS process liberates end-of-life Medium Loop Primary supply: mixed rare earth carbonate, rare earth oxides magnets in the form of a demagnetised NdFeB powder, Shortest Loop Recycled supply: NdFeB alloys & sintered magnets, rare earth which can be fed
Slide 22: Pilot Plant for Long Loop Chemical Process
Pilot Plant for Long Loop Chemical Process Recycle HPMS generates a liberated NdFeB feed for chemical processing to RE carbonates and oxides Mkango Rare Earths UK has commissioned a pilot plant for long loop chemical processing of swarf and HPMS powder to produce rare earth carbonate and oxides at T
Slide 23: HyProMag USA Rollout
HyProMag USA Rollout Recycle USA Feasibility Study completed for 1,000tpa NdFeB/magnet production • State-of-the art rare earth magnet recycling and manufacturing operation with a central Dallas Fort Worth, Texas hub supported by two pre-processing spoke sites in the eastern and western regions of t
Slide 24: Government Support
Government Support Recycle Minerals Security Partnership (MSP) HyProMag HPMS technology selected as an MSP project MSP (est. 2022) consists of 14 governments, including UK and USA MSP aims to ensure adequate supplies of minerals, such as rare earths, to meet net zero carbon goals MSP regards
Slide 25: Expected Recycling Development Timeline
Expected Recycling Development Timeline Recycle July 2025 By end 2025 2026 Early 2027 Initial commercial Commercial Initial commercial Scale up commercial production in production in United production at Tyseley production at Tyseley Germany States Short Loop recycling Short Loop recycling Short Loo
Slide 26: Expected Recycling Development Timeline
Expected Recycling Development Timeline To discuss magnet scrap solutions and purchasing, magnet and other product sales please contact magnets@hypromag.com To discuss collaboration and consultation please contact technical@hypromag.com
Slide 27: Rare Earth Mining and Separation Development Projects
Rare Earth Mining and Separation Development Projects
Slide 28: Songwe Hill Rare Earths Deposit
Songwe Hill Rare Earths Deposit Mine One of very few independent rare earth projects globally with a Definitive Feasibility Study Initial Mkango drilling programmes carried out in 2011 and 2012 o First resource report prepared in compliance with NI 43-101 Pre-Feasibility Study (PFS) completed in
Slide 29: Malawi - A Favourable Jurisdiction
Malawi - A Favourable Jurisdiction Mine Longstanding, supportive relationships with government and local communities Premier African rare earths mineral province Blantyre, a major commercial centre with rail head and international airport, is located two hours from site by car Beneficiation, h
Slide 30: Songwe Hill Feasibility Study
Songwe Hill Feasibility Study Mine Feasibility Study completed by world leading technical consultants SENET DRA - Lead engineers for design & management of the feasibility study & front-end engineering design work ALS – Mineral processing – Floatation test work and pilot plant program ANSTO –
Slide 31: Songwe Hill Feasibility Study
Songwe Hill Feasibility Study Mine A new sustainable source of rare earth production Songwe Hill mixed rare earth carbonate split by value One of the few rare earths projects globally to have reached Terbium Feasibility Study stage 6% Dysprosium 5% Life of Mine: 18 years producing mixed rare ear
Slide 32: Songwe Hill Rare Earths Deposit
Songwe Hill Rare Earths Deposit Mine 18,000 meters drilled in 129 boreholes across three exploration phases Southward view of Songwe Hill terrain model draped with geological map showing all drilling Project History to date First phase of 12 boreholes in 2011 Second phase of 25 boreholes in 2011
Slide 33: Songwe Hill Rare Earths Deposit
Songwe Hill Rare Earths Deposit Mine 18 Year Mine Life – Open Cast Mining – Further Exploration Potential 33
Slide 34: Songwe Hill Processing
Songwe Hill Processing Mine Extensive Processing Flow Sheet Development and Piloting Flotation piloting Feasibility study is a completed - March 2021 culmination of significant mineralogy, bench Hydrometallurgy piloting completed scale test work and - March 2022 piloting completed since project Pilo
Slide 35: Mkango in the Community
Mkango in the Community Mine Strong Track Record in Corporate Social Responsibility boNGO Worldwide Partnership 1 2 1.Before – an unhappy classroom Happy Classroom Project 2.After – a Happy Classroom after Enhancing 3 local primary schools renovation 18 classrooms painted with school syllabus
Slide 36: Pulawy – A New European Rare Earths Hub
Pulawy – A New European Rare Earths Hub Overview Major opportunity to develop a new rare earths hub in Poland underpinned by sustainably sourced and traceable mixed rare earth carbonate from Malawi and other sources Scoping and prefeasibility studies for Pulawy to date indicate low operating cos
Slide 37: Pulawy Rare Earth Separation Project
Pulawy Rare Earth Separation Project Refine Pulawy Separation Project, Poland – Awarded EC Strategic Project Status Gdansk European rare earths hub underpinned by sustainably sourced, mixed (450km) rare earth carbonate from Mkango’s project in Malawi Site adjacent to a largescale fertiliser and
Slide 38: Proposed Site for Separation Plant
Proposed Site for Separation Plant Refine 8-hectare site located next to Pulawy Fertiliser and Chemicals Plant with access to road, rail, reagents, by-product customer and utilities Opportunity to explore expansion opportunities in the upcoming DFS. Nitric Acid Plant Access to infrastructure H
Slide 39: Thank You
Expected Recycling Development THANK YOU Timeline William Dawes, Chief Executive Officer – will@mkango.ca Alexander Lemon, President – alex@mkango.ca Robert Sewell, Chief Financial Officer – rob@mkango.ca
Slide 40: Disclaimer
Disclaimer NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION This prese
Slide 41: Disclaimer
Disclaimer Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements or forward-looking information (within the meaning of Canadian securities legislation and, collectively, "forward-looking statements"). Forward-looking statements are
Slide 42: Disclaimer
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