Mkango Resources Ltd. has issued 143,334 common shares following the exercise of options by consultants of the company. The options were exercised at a price of C$0.06 per option, resulting in aggregate proceeds of C$8600.04. This issuance increases the company's issued share capital, which will impact shareholders' calculations for notifying their interests in the company.

Application has been made for the newly issued common shares to be admitted to trading on AIM. Admission is expected to become effective and dealings are anticipated to commence at 8:00am UK time on or around June 22, 2026. The common shares issued will also be listed on the TSX Venture Exchange. Following this admission, the company will have a total of 387,253,618 common shares in issue.

The details of the transaction are outlined in the table below:

Mkango Resources Ltd. is listed on the AIM and TSX-V Stock Exchanges. The company's corporate strategy focuses on becoming a market leader in the production of recycled rare earth magnets, alloys, and oxides through its interest in Maginito Limited. Additionally, Mkango is developing new sustainable sources of neodymium, praseodymium, dysprosium, and terbium to supply demand from electric vehicles and wind turbines.

The company owns 100% of the Songwe Hill rare earths project in Malawi and the proposed Puławy rare earths separation plant in Poland. Both projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. The information disclosed in this announcement constitutes inside information under the Market Abuse Regulations (EU) No. 596/2014.

Mkango Resources Ltd. announced on June 9, 2026, that its wholly-owned subsidiary, Mkango Rare Earths Limited, filed an amended registration statement on Form F-4 with the U.S. Securities and Exchange Commission. The filing advances the proposed business combination with Crown PropTech Acquisitions, a Cayman Islands exempted company, which was initially announced on July 3, 2025. The transaction is governed by a business combination agreement dated July 2, 2025.

The Amended Form F-4 includes a preliminary proxy statement for the meeting of Crown PropTech shareholders and a preliminary prospectus relating to Mkango Rare Earths' common shares and warrants. A critical condition for the closing of the proposed business combination is the approval of a Nasdaq Stock Market listing. Upon completion, Mkango Rare Earths' common shares and warrants are expected to trade under the symbols "MKAR" and "MKARW", respectively.

The filing marks a procedural milestone toward the completion of the deal, which remains subject to the SEC review process and satisfaction of customary closing conditions. These conditions include approval by the shareholders of Crown PropTech. The information contained in the Amended Form F-4 has not yet been declared effective by the SEC and is subject to completion and amendment.

Key Transaction Details

Regulatory and Project Context

The Amended Form F-4 discloses technical and scientific information, including a technical report summary prepared in compliance with Subpart 1300 of Regulation S-K under U.S. securities laws. These requirements differ from National Instrument 43-101 Standards of Disclosure for Mineral Projects under Canadian securities laws. Mkango filed an Updated Technical Report for the Songwe Hill Rare Earth Element Project in Malawi on April 30, 2026, under NI 43-101.

Mkango Resources holds a 100 per cent interest in Mkango Rare Earths Limited, which owns the Songwe Hill project and the Pulawy separation project in Poland. Both projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. The company also holds a 79.4 per cent interest in Maginito Limited, focused on the production of recycled rare earth magnets, alloys, and oxides.