With the Songwe Hill Rare Earth Project in Phalombe District, Mkango Resources Limited is well-positioned to boost Malawi’s mining industry with substantial investment and international recognition.
Mkango is certain that strategic alliances will not only propel the Songwe Hill project’s development but also aid in the expansion of Malawi’s mining sector by utilizing its close connections with the US and European markets.Alexander Lemon, president of Mkango, described the company’s intentions to list the Songwe Hill project on the Nasdaq during a recent investor webinar.
He emphasized the significance of the company’s alliances with the US and European markets in luring investors. “We are committed to bringing global visibility to Malawi’s mining sector,” Lemon continued. “On January 8, we signed a non-binding letter of intent for a business combination with Crown Prop Tech Acquisitions, and this is a critical step in our path toward listing Songwe Hill on Nasdaq.” He continued by saying that this action will provide the project much-needed publicity and encourage further funding for Malawi’s mining industry.
