Mkango Resources Limited Announces Appointment of Joint Corporate Broker

About this update from Mkango Resources Ltd.

LONDON, UK, CALGARY, AB AND VANCOUVER, BC / ACCESS Newswire / July 9, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) ("Mkango" or "Company") is pleased to announce that Cavendish Capital Markets Limited ("Cavendish") has been appointed as joint corporate broker to the Company with immediate effect. Cavendish will work alongside the Company's existing joint corporate broker, Hannam & Partners, and nominated adviser and joint corporate broker, SP Angel. Cavendish is a full-service investment bank and advisory firm headquartered in London and authorised and regulated by the UK Financial Conduct Authority. Under the terms of the broking agreement ("Agreement"), Cavendish will provide corporate broking and research services to the Company, and provide general market intelligence, feedback on the market's view of the Company and on market activity in the Company's shares. The Agreement provides for an annual fee of £50,000 per year, payable quarterly, in connection with the provision of such services, funded from the Company's general working capital. The Agreement runs for an initial term of 12 months with a one month notice of termination provision. Cavendish and Mkango are unrelated and unaffiliated entities. Cavendish has confirmed to Mkango that it does not have any interest, direct or indirect, in any securities of Mkango or a right to acquire any such securities. About Mkango Resources Ltd. Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ("Maginito"), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ("CoTec"), and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies. Maginito holds a 100 per cent interest in HyProMag Limited and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route. Maginito and CoTec are also expanding HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company. Mkango currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Puławy rare earths separation plant in Poland. Both the Songwe and Puławy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Puławy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.

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