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VANCOUVER - Mkango Resources Ltd. (AIM/TSX-V:MKA), a company focused on the production of recycled rare earth magnets and the development of rare earth projects, has awarded stock options to its Chairman, Derek Linfield. The grant, which is subject to regulatory approval, includes 1,104,933 stock options exercisable at $0.315 CAD per common share, the closing price on the TSX-V on June 6, 2025.
The options vest over an 18-month period and are valid for ten years from the grant date. This award follows a previous forfeiture of options by Mr. Linfield in accordance with Toronto Venture Exchange policy, which requires a 12-month cooling-off period before new options can be granted. The grant reflects his ongoing contributions to the company.
Mkango’s total number of common shares issuable under its securities-based compensation plans now stands at 32,705,290, which represents 10% of the company’s total issued share capital.
The company, listed on both the AIM and TSX-V, is advancing its Songwe Hill rare earths project in Malawi and the Pulawy rare earths separation project in Poland, both designated as Strategic Projects by the European Commission. Mkango has also expressed intentions to list Songwe Hill and the Pulawy Project on NASDAQ through a SPAC Merger.
Mkango’s strategy includes becoming a leader in recycled rare earth magnets through its interest in Maginito Limited and developing new sustainable sources of rare earth elements to meet the growing demand from electric vehicles and clean energy technologies. Maginito, partly owned by Mkango and CoTec Holdings Corp, holds interests in various companies focused on rare earth magnet recycling in the UK and Germany, as well as a venture in the United States.
The information in this article is based on a press release statement by Mkango Resources Ltd.
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