On April 11, 2024, Mkango Resources Ltd. closed the transaction. In addition to the Subscription Shares, the Company has issued an aggregate of 600,000 warrants to Jub Capital Management LLP ("Jub Capital"). Each warrant is exercisable for a period of three years with an exercise price of CAD 0.05 per warrant. The warrants (and the underlying shares) are subject to a statutory hold period in Canada expiring on August 12, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from three placees and 1 existing insider for 3,000,000 units.