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LONDON/VANCOUVER - Mkango Resources Ltd. (AIM/TSX-V:MKA) has announced that its Songwe Hill Rare Earths Mining Project in Malawi has been designated as a Strategic Project under the European Union’s Critical Raw Materials Act (CRMA). This distinction underscores Songwe’s role in supplying critical rare earth elements to European and North American markets.
Songwe is one of the few rare earth projects worldwide to have completed a NI 43-101 compliant Definitive Feasibility Study (DFS) and a comprehensive Environmental, Social, Health Impact Assessment (ESHIA). The project, which has signed a mining development agreement with the Malawi government in July 2024, is expected to have an 18-year mine life, producing mixed rare earth carbonate including neodymium and praseodymium oxides, crucial for clean energy technologies.
Additionally, Mkango’s Pulawy Separation Project in Poland, set to process materials from Songwe, was also previously recognized as a Strategic Project by the CRMA in March 2025. Both Songwe and Pulawy are now part of an integrated initiative to provide a secure supply of rare earth oxides within Europe.
The strategic status of these projects facilitates access to finance and support from EU Member States, aiding in the development and connection with future off-takers. This news follows the January 8, 2025, announcement of a proposed SPAC merger intended to list Lancaster Exploration Limited, a Mkango subsidiary, on NASDAQ, creating a vertically integrated rare earths entity.
Mkango’s strategy is to become a leader in recycled rare earth magnets and develop new sustainable sources of critical elements for the burgeoning demand from sectors like electric vehicles and wind turbines. The company has interests in rare earth recycling through its majority-owned Maginito Limited and its associated ventures in the UK, Germany, and the USA.
This development is part of a broader EU initiative, with a list of 47 strategic critical raw material projects released on March 25, 2025, and an additional 13 international projects announced today, including Songwe. These projects are essential for the EU’s raw material supply security and must adhere to sustainable implementation standards.
The information in this article is based on a press release statement from Mkango Resources Ltd.
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