On April 10, 2026, Mkango Resources Ltd, a dual‑listed AIM and TSX‑V company focused on rare earths, recycling, magnet production and sustainable supply chains, successfully completed an oversubscribed £12.5 million (approximately C$23.0 million) equity fundraise in April 2026.
The fundraise comprised a UK placing via an accelerated bookbuild, a Canadian LIFE offering, a UK retail offer and a direct subscription, resulting in the issuance of 37,878,788 new common shares at £0.33 per share, all of which were admitted to trading on AIM and listed on the TSX Venture Exchange. Proceeds are being used to support growth initiatives, including a potential acquisition in Germany, capital expenditure at the group’s UK and German operations, and general working capital.
Fasken advised Mkango Resources Ltd on all aspects of the transaction with a multidisciplinary capital markets and corporate team, supporting coordinated UK‑Canadian execution, regulatory compliance, and the successful closing of a complex, multi‑tranche public financing. The team was led by Jodi Katz and included Nancy Eastman, Samuel Li, Leon Miller, Lucinda Patrick-Patel, Stephen Vincelli and Kajol Morris.
Jurisdictions
- Canada
- England and Wales
