Mkango Rare Earths Limited and Crown PropTech Acquisitions Announce Confidential Submission of Draft Registration Statement on Form F-4
Globenewswire·2026-02-16 12:00

Core Viewpoint - Mkango Rare Earths Limited (MKAR) is moving forward with a proposed business combination with Crown PropTech Acquisitions (CPTK), having submitted a draft registration statement to the SEC, which includes a proxy statement and prospectus for MKAR's common shares and warrants [1][2] Group 1: Proposed Business Combination - The proposed business combination was initially announced on July 3, 2025, and involves a merger between MKAR and CPTK [1] - MKAR's common shares and warrants are expected to be listed on the Nasdaq Stock Market under the symbols "MKAR" and "MKARW" upon closing of the transaction, subject to SEC review and shareholder approvals [2] Group 2: Company Overview - MKAR owns the advanced stage Songwe Hill rare earths development project in Malawi, along with uranium, tantalum, and niobium licenses, and a proposed rare earths separation project in Pulawy, Poland [3] - The Pulawy project is strategically located in a Special Economic Zone in Poland, adjacent to a major nitrogen fertilizer manufacturer, and benefits from established infrastructure [3] Group 3: Crown PropTech Acquisitions Overview - CPTK is a special purpose acquisition company (SPAC) incorporated in 2021, with approximately $5.79 million cash in trust, aimed at effecting a merger or similar business combination [4]