09:49 AM EST - Mkango Resources Ltd. : Has commenced Phase II of its research and development programme with Metalysis Limited and has raised £500,000 (C$833,333) at 3.5 pence (C$0.058) per share in a placing. Successful Phase I production of a neodymium-iron-boron alloy powder has been achieved using Metalysis' solid-state technology. NdFeB alloys are used to make permanent magnets, critical components of most electric vehicles, direct drive wind turbines and many other high growth applications. Mkango Resources Ltd.
shares V.MKA are trading unchanged at $0.06.
