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 Myles McNulty [@MylesMcNulty](/creator/twitter/MylesMcNulty) on x 21.6K followers
Created: 2025-07-03 06:31:35 UTC
#MKA's Business Combination Agreement for listing its rare earth mining and separation projects on NASDAQ, under the name Mkango Rare Earths Limited ("MKAR")... is over the line!
The pro forma value of @MkangoResources' shareholding in the MKAR Group: $400m
$400m is £292m. Divided by the current total voting rights of XXX million, and we get to c.90p per share.
Songwe Hill is one of only several fully licensed, near-construction-ready rare earths mines in the world. Songwe Hill and MKAR's proposed separation plant in Pulawy, Poland, are both designated as strategic projects under the EU Critical Raw Materials Act, and Songwe is also supported by the Minerals Security Partnership.
MKAR - with a proposed valuation of 90p, upon its NASDAQ listing - is just for one half of MKA's operations. Many shareholders I know believe that the rare earth magnet recycling and production business, HyProMag, will be substantially more valuable than MKAR (possibly multiple times more, in time). Going on the valuation of the only publicly listed pure-play rare earth magnet manufacturer on NASDAQ, USAR Rare Earth $USAR, MKA's majority equity stake in HyProMag would be valued in the $700-800m range, today, were it listed on NASDAQ.
[Rare earths companies in the US (both upstream and downstream) have their own set of rules when it comes to valuations (relative to other mining businesses), courtesy of having such significant geopolitical importance.]
The hugest congratulations to the Mkango team - especially President Alex Lemon and CEO Will Dawes, who have been developing the Songwe Hill project in Malawi since 2010 - for reaching this milestone.
What a moment!
XXXXXX engagements
**Related Topics**
[$400m](/topic/$400m)
[nasdaq](/topic/nasdaq)
[mining](/topic/mining)
[listing](/topic/listing)
[Post Link](https://x.com/MylesMcNulty/status/1940659667367059553)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Myles McNulty @MylesMcNulty on x 21.6K followers
Created: 2025-07-03 06:31:35 UTC
#MKA's Business Combination Agreement for listing its rare earth mining and separation projects on NASDAQ, under the name Mkango Rare Earths Limited ("MKAR")... is over the line!
The pro forma value of @MkangoResources' shareholding in the MKAR Group: $400m
$400m is £292m. Divided by the current total voting rights of XXX million, and we get to c.90p per share.
Songwe Hill is one of only several fully licensed, near-construction-ready rare earths mines in the world. Songwe Hill and MKAR's proposed separation plant in Pulawy, Poland, are both designated as strategic projects under the EU Critical Raw Materials Act, and Songwe is also supported by the Minerals Security Partnership.
MKAR - with a proposed valuation of 90p, upon its NASDAQ listing - is just for one half of MKA's operations. Many shareholders I know believe that the rare earth magnet recycling and production business, HyProMag, will be substantially more valuable than MKAR (possibly multiple times more, in time). Going on the valuation of the only publicly listed pure-play rare earth magnet manufacturer on NASDAQ, USAR Rare Earth $USAR, MKA's majority equity stake in HyProMag would be valued in the $700-800m range, today, were it listed on NASDAQ.
[Rare earths companies in the US (both upstream and downstream) have their own set of rules when it comes to valuations (relative to other mining businesses), courtesy of having such significant geopolitical importance.]
The hugest congratulations to the Mkango team - especially President Alex Lemon and CEO Will Dawes, who have been developing the Songwe Hill project in Malawi since 2010 - for reaching this milestone.
What a moment!
XXXXXX engagements
