• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Critical Metals Market
    Critical Metals News
    Critical Metals Stocks
    • Critical Metals Market
    • Critical Metals News
    • Critical Metals Stocks

    Mkango Releases Update on Rare Earths and Uranium Projects

    Georgia Williams
    Aug. 19, 2019 03:00PM PST
    Critical Metals
    LSE:MKA

    Diversified explorer Mkango Resources has shared an update on operations at the Songwe Hill and Thambani projects.

    Diversified explorer Mkango Resources (TSXV:MKA,LSE:MKA) has released an update on operations at the Songwe Hill rare earths and Thambani uranium projects.

    Progress at both Malawi-based sites is advancing well, according to the company. Its primary focus continues to be the Phalombe license at the Songwe Hill rare earths asset.

    The critical metals explorer has been developing its 51 percent stake in the project since initiating a prefeasibility study in 2015.

    Currently, there is a feasibility study underway at Songwe Hill. This phase is being funded by Talaxis, a subsidiary of Noble Group (OTC Pink:NOBGF).

    In addition to feasibility activities, Mkango recently shipped a 60 tonne bulk rock sample to Western Australia for mineral processing and metallurgical pilot test work studies.

    The company is also working to optimize the mineral processing flowsheet at Songwe.

    “We believe that the Songwe rare earths project will be transformational for the nation of Malawi, enabling it to become an important sustainable producer of rare earth elements which are so necessary for the efficient future electrification of transport systems and renewable energy such as direct drive wind turbines, as well as many other hi-tech applications,” noted Mkango President Alexander Lemon.

    At Mkango’s other Malawi-based project, Thambani, a detailed exploration work program is currently being conducted by a team of five geologists.

    The identified resource at Thambani contains uranium, as well as tantalum and niobium, which are primarily found in coltan.

    The exploratory study is following up on previous exploration results, and includes further ground surveying and sampling, as well as the collection of test material from new trenches and target areas.

    As with Songwe Hill, all costs associated with this exploration phase have been fully covered. The miner is using existing cash resources to pay for the work at the uranium project.

    Mkango is also evaluating potential partnership opportunities for Thambani.

    Shares of Mkango were down 4.16 percent on Monday (August 19), trading at C$0.11.

    Don’t forget to follow us @INN_Resource for real-time news updates!

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    tsxv:mkanoble groupwestern australiamkango resourcessongwe hilllse:mkaotc:nobgfthambani
    The Conversation (0)

    Go Deeper

    AI Powered
    Periodic table symbols for 17 rare earth elements.

    Rare Earths Stocks: 9 Biggest Companies in 2025

    CoTec Holdings (TSXV:CTH)

    HyProMag USA Commences Stockpiling of Feedstock

    Latest News

    CoTec Holdings Corp. to Present at the Clean Energy Metals Virtual Investor Conference August 28th

    HyProMag USA Commences Stockpiling of Feedstock

    West High Yield Resources Ltd. Announces Exercise of Options and Warrants

    Homerun Resources Inc. Announces Approval by ANM of Final Exploration Report for Mineral Rights Leased from CBPM in the Santa Maria Eterna High Purity Silica District

    RMI: RMI acquires JV Interest in Saudi Exploration Projects

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Critical Metals Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×