Mkango Resources inks revised land lease agreement with Grupa Azoty Pulawy.

Mineral exploration and development company Mkango Resources' Polish subsidiary has inked a revised land lease agreement with Grupa Azoty Pulawy for the construction of a strategic rare earths separation plant in Poland.

Mkango Resources
17 February 2025 09:25:19

Source: Sharecast

Mkango said on Monday that the agreement constituted a continuation of cooperation that the parties first started in 2021 and was for a large eight-hectare site adjacent to Grupa Azoty Pulawy's fertiliser and chemicals complex at Pulawy.

The AIM-listed group highlighted that the site provides "excellent infrastructure", access to reagents and utilities and covers a "substantial area" which enables future expansion potential.

Located within a Polish Special Economic Zone, the site also provides "excellent access" to European and international markets.

Mkango president Alexander Lemon said: "We are delighted to have signed a revised exclusive land lease agreement adjacent to the Grupa Azoty Pulawy which will enable future separation plant expansion. We very much value working closely with Grupa Azoty and look forward to completing a definitive feasibility study on the rare earth separation plant and starting construction."

As of 0925 GMT, Mkango shares were down 1.58% at 11.20p.

Reporting by Iain Gilbert at Sharecast.com

N/A

ISIN: N/A

Exchange: N/A

Sell:

N/A

Buy:

N/A

Change:

Date:

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.