Mkango Resources Limited - Hypromag USA Provides Positive Update to Valuation

Core Viewpoint - Mkango Resources Ltd announces the expansion of magnet capacity at its Texas Hub, enhancing domestic critical-minerals supply chains and significantly improving project valuation [1] Group 1: Project Expansion - HyProMag USA has expanded the magnet capacity of its Texas Hub facility, confirming a substantial increase in magnet production capacity [1] - The completion of the Class 2 AACE capital cost estimate as part of the Detailed Engineering Design and Value Engineering Phase has been achieved [1] Group 2: Economic Impact - The updated valuation of the Project indicates a post-tax NPV of US$780 million at forecast prices and US$409 million at current prices, reflecting improved project economics [1]