LONDON/VANCOUVER - Mkango Resources Ltd. (AIM/TSX-V: MKA), a company specializing in rare earth elements, has appointed Cohen & Company Capital Markets as its financial advisor in the United States. This move is aimed at bolstering the company's strategic initiatives for its Songwe Hill project in Malawi and the Pulawy Rare Earth Separation Plant in Poland.
Cohen & Company, a division of J.V.B. Financial Group LLC, is recognized for its advisory role in the rare earth elements sector, having facilitated significant transactions for companies like USA Rare Earth LLC and Critical Metals Corp. (Nasdaq: CRML). The firm's expertise is expected to assist Mkango in capital markets activities, mergers and acquisitions, and strategic financial advice.
Alexander Lemon, President of Mkango, expressed enthusiasm for the partnership, anticipating it will strategically position the company to enhance shareholder value amidst the evolving rare earth sector. Brandon Sun, Managing Director of Cohen, highlighted the sector's growth potential, fueled by regulatory support and long-term demand for rare earth elements.
In conjunction with Cohen & Company's appointment, Mkango has also engaged Welsbach Corporate Solutions LLC-FZ as its Supply Chain Advisor. Daniel Mamadou, Director of Welsbach, emphasized the critical need for diversified sourcing of rare earth materials to meet increasing global demand and to mitigate supply chain vulnerabilities.
Mkango's strategy focuses on becoming a leader in recycled rare earth magnets and developing sustainable sources of key elements such as neodymium and praseodymium. The company's interests span from magnet recycling in the UK and Germany to exploration and development projects in Malawi and Poland.
The appointments of Cohen and Welsbach align with Mkango's strategic review announced on March 25, 2024, and are part of the company's efforts to capitalize on opportunities within the rare earth sector. The collaboration with these advisors is expected to play a significant role in advancing Mkango's projects and enhancing its market presence.
The information provided is based on a press release statement by Mkango Resources Ltd.
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