Mkango Resources Limited Announces Exercise of Options

About this update from Mkango Resources Ltd.

Mkango Resources Limited Announces Exercise of OptionsLONDON, UK AND VANCOUVER, BC / ACCESS Newswire / June 17, 2026 / Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) ("Mkango" or "Company") announces that it has issued 143,335 common shares ("Common Shares") following the exercise of options by consultants of the Company. The 143,334 options had an exercise price of C$0.06 per option, for aggregate proceeds of C$8600.04.Application has been made for the 143,334 Common Shares, which rank pari passu with the existing Common Shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will occur at 8:00am UK time on or around June 22, 2026. The Common Shares issued on exercise of the options will also be listed on the TSX Venture Exchange.Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 387,253,618 Common Shares in issue. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company.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 pro...

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