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LONDON/VANCOUVER - Mkango Resources Ltd. (AIM/TSX-V:MKA) announced Wednesday that shareholders approved all resolutions during its Annual General Meeting, which had been adjourned from October 29.
Shareholders elected six directors to the company’s board: Derek Linfield, William Dawes, Alexander Lemon, Philipa Varris, Susan Muir, and Shaun Treacy. They also appointed MNP LLP as the company’s auditors and authorized the directors to determine their compensation.
Additionally, shareholders approved amendments to the company’s stock option plan, Enterprise Management Incentive plan, and Restricted Stock Unit plan in accordance with TSX Venture Exchange policies. A special resolution to amend the company’s Articles was also passed.
Mkango Resources is dual-listed on the AIM market and TSX Venture Exchange. The company’s corporate strategy focuses on becoming a market leader in recycled rare earth magnets, alloys, and oxides through its 79.4% interest in Maginito Limited, with the remaining 20.6% owned by CoTec Holdings Corp.
The company also owns the Songwe Hill rare earths project in Malawi and the Pulawy rare earths separation project in Poland, both designated as Strategic Projects under the European Union Critical Raw Materials Act.
On July 2, Mkango signed a business combination agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy projects on NASDAQ via a SPAC merger, subject to TSX-V approval.
The information in this article is based on a company press release statement.
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