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Mkango Resources Ltd - Vancouver, Canada-based company focused on production of recycled rare earth magnets, alloys and oxides - Raises £12.5 million following the closure of its fundraise. Says it issued an aggregate of 37.9 million new shares at a price per share of 33 pence. Says the proceeds are earmarked to support its growth opportunities, including a potential acquisition in Germany. Plans to also use the funds for capital expenditure requirements at its UK and German operations, as well as for working capital purposes. Current stock price: 37.00 pence, up 4.2% on Friday morning in London 12-month change: More than doubled from 17.00 pence Copyright 2026 Alliance News Ltd. All Rights Reserved.
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