Interview with William Dawes, CEO of Mkango Resources (TSX-V, LSE, AIM: MKA)

Every wondered what a light rare earth or a heavy rare earth is? Most retail investors don't. We speak to Mkango to find out and also ask how they intend to make money for shareholders. Linking the story to the EV revolution isn't enough. And trying to gauge the timing...

Mkango has a relationship with Talaxis at a project level.Talaxis has recently invested £12M in to the Songwe project in Malawi. A strategic partner to help finance the project is smart but also the Talaxis reach and distribution in to the niche rare earths market really enables Mkango. Mkango positioning itself as an incubator allows us to understand how they could grow their business, but for now they intend to focus on their current portfolio.

We are ask how much of their valuation is their own doing and how much is the recent rise in commodity prices. We discuss metallurgy and recovery rates. William Dawes also talks about the infrastructure and why they will be focussing on processing more in country to capture more of the downstream margin. We are interested in who is paying for the various infrastructure costs especially energy.

We ask if they understand how to talk to investors. What do you think? And can they deliver the upside for shareholder in Mkango or will Talaxis see all the upside. No more dilution. G&A is covered under Talaxis deal. Looking forward to DFS in Q4 2020. Getting environmental and social studies done. 

Company page: https://www.mkango.ca/s/home.asp

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