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’s subsidiary Mkango Rare Earths Limited signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Puławy rare earth projects on NASDAQ via a SPAC merger (the “Proposed Business Combination”).

Further information regarding the Songwe Hill and Pulawy Rare Earth Separation Plant can be found in the links below.