Mkango Resources Ltd. (LON:MKA) has posted its quarterly results for the three months to March 31, 2020.
The rare earth elements developer ended the period with US$7mln in cash, down from US$9mln as at December 31, 2019, while its net loss grew to US$1mln from US$697,000 in the same period last year.
READ: Mkango surges after announcing the launch of rare earth recycling project[hhmc]
The company, which operates three licences in the Republic of Malawi, said operations for the next 12 months are currently being funded with US$16mln provided by Talaxis, of which the third tranche was received last year.Read More – Source
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