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Mkango gets feasibility funding

Rare earths company Mkango Resources plans to use a £12 million investment from Talaxis to fund a feasibility study on its Songwe Hill project in Malawi. The two companies hope to position themselves to supply the emerging EV market, but efforts to capture the downstream supply chain face uncertainty.

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Mkango hopes to become the biggest rare earths supplier in Africa

"The Songwe Hill project has the potential to become a leading rare earths producer in Africa," said Talaxis executive director Daniel Mamadou.

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