Added to YB: 2026-05-05
Pitch date: 2026-05-02
MKA.L [neutral]
Mkango Resources Ltd.
Author Info
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Company Info
Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in Malawi, United Kingdom, and Poland.
Market Cap
CAD 240.7M
Pitch Price
CAD 0.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
-54.05
P/E
-13.39
EV/Sales
N/A
Sector
Metals and Mining
Category
growth
Takin' the MKA
MKA.L (update): Integrated rare earth mine-to-magnet play. Raised £12.5M @ 33p for Maginito expansion (UK 1ktpa, German magnet biz acquisition). HyProMag recycles NdFeB magnets; 9 tonnes produced, targeting 1ktpa. Songwe mine NPV $339M (24% IRR), Pulawy Poland NPV $779M (39.7% IRR) @ $115/kg vs $146 spot. 2Q26 NASDAQ SPAC @ $10/sh = $400M gain for MKA's 60.6% stake, raising $220M of $537M capex. DFC/EIB debt backing. HyProMag USA 50:50 JV, separate SPAC late '26. Revenue start 3Q26, FID 4Q26.
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