Mkango Resources Ltd (AIM:MKA) has confirmed that it remains unaffected by Malawi’s Executive Order No. 2 of 2025, which prohibits the export of unprocessed minerals. The company’s flagship Songwe Hill project is fully compliant, as it will produce a refined mixed rare earth carbonate product domestically within Malawi.
Following its funding agreement with the U.S. International Development Finance Corporation, Mkango is now advancing preparations for Front-End Engineering and Design (FEED) at Songwe Hill.
Beyond Malawi, Mkango is positioning itself as a global leader in recycled rare earth magnets, alloys, and oxides through its majority-owned subsidiary Maginito, which holds interests in HyProMag (UK), HyProMag GmbH (Germany), and the newly formed HyProMag USA LLC.
The company also owns the Pulawy separation project in Poland, alongside Songwe Hill, with both projects classified as Strategic Projects under the EU Critical Raw Materials Act. Mkango plans to further strengthen its international footprint by listing these assets on NASDAQ via a SPAC merger with CPTK, aligning with its long-term strategy to build an integrated rare earths and recycling business across key global markets.
