Mkango Resources Limited Announces RetailBook Offer

Executive Summary

• Mkango Resources Ltd announced a conditional retail offer of new Common Shares via RetailBook at an issue price of 33 pence per share, representing a ~14.5% discount to the closing mid-price on AIM.
• The RetailBook Offer is part of a broader fundraising effort that includes a Placing to institutional investors, a LIFE Offering, and a Subscription, aiming to raise gross proceeds of approximately £10 million in total.
• The new shares are expected to be admitted to trading on AIM and the TSX-V on April 10, 2026, contingent on the Placing becoming unconditional.

Key Details

• Issue Price: 33 pence per new Common Share (equivalent to C$0.606375).
• Discount: Approximately 14.5% discount to the closing mid-price on AIM on March 31, 2026.
• Retail Offer Cap: The aggregate value of shares available for subscription at the Issue Price does not exceed £1,000,000.
• Minimum Subscription: £250 per investor.
• Total Fundraise: The RetailBook Offer is in addition to a Placing, LIFE Offering, and Subscription intended to raise gross proceeds of approximately £10 million.
• Use of Proceeds: Net proceeds from the total Fundraise are expected to support growth opportunities (including a potential acquisition in Germany), capital expenditure at UK and German operations, and working capital.
• Admission Date: Expected to take place at 8:00 a.m. on April 10, 2026, on both AIM and TSX-V.
• Closing Date: The RetailBook Offer is expected to close at 8 p.m. on March 31, 2026, or earlier if oversubscribed or at the Company's discretion.
• Related Party Transaction: Tim Slater, interim Chief Financial Officer, intends to participate with approximately £150,000 (C$276,000). This constitutes a related party transaction under MI 61-101 and TSX-V Policy 5.9, though exemptions from formal valuation and minority shareholder approval are being relied upon.
• Eligibility: Open to eligible investors resident and physically located in the United Kingdom, including existing shareholders and new investors, via RetailBook's partner network of retail brokers, wealth managers, and investment platforms.
• Tax Efficiency: Applications can be made through tax-efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts (GIAs).
• Commissions: No commission will be charged by RetailBook on applications to the RetailBook Offer.