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Home CompaniesMkango Resources Ltd

Mkango Resources Ltd

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.58 CAD -0.01 ( 1.69%)
Last update at 2026-11-04T14:51:00Z
VOLUME
5134
Market Cap
340.66M

Momentum Score

…

Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in Malawi, United Kingdom, and Poland. The company also explores for uranium, tantalum, niobium, rutile, nickel, cobalt, corundum, zircon, ilmenite, gold, graphite, base metals, platinum group metals, vanadium, chromium, and niobium deposits. Its flagship project is the Songwe Hill property which consist of one of a block of eleven retention licences located in southeast Malawi. Mkango Resources Ltd. was formerly known as Lancaster Exploration Limited. The company is based in Vancouver, Canada.

Source: TradingView
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Day Price Range
0.58
Low
0.58
High
52 Week Price Range
0.27
Low
3.01
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Mkango Resources Ltd is a Vancouver-listed developer of rare-earth element projects in Malawi focused on materials for permanent magnets and clean-energy applications. Long-term growth drivers include rising demand from electrification and efforts to diversify global rare-earth supply chains. The company appears positioned to progress its projects through further resource development.
Key risks are its pre-production project status requiring substantial financing, commodity price volatility, permitting and political risk in Malawi, and dependence on a single-country asset base.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.59
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-875.41%
Net Debt
-1.00M
ROCE
-38.47%
Diluted EPS TTM
-0.06

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -0.56M -4.24M -5.99M -9.71M -4.07M
Minority interest -0.36M 0.12M 0.35M 2.93M -4.72M
Net income -0.79M -4.06M -5.99M -6.78M -2.25M
Selling general administrative 3.11M 4.13M 3.47M 3.52M 1.75M
Gross profit - - - - -0.03M
Reconciled depreciation 0.73M 0.25M 0.02M 0.03M 0.03M
Ebit - - -5.86M -9.36M -4.25M
Ebitda - - -5.84M -9.33M -4.22M
Depreciation and amortization - - 0.02M 0.03M 0.03M
Operating income -3.20M -4.49M -5.86M -9.36M -4.25M
Other operating expenses - - 5.87M 9.53M 4.12M
Interest expense 0.16M 0.06M 0.00M 0.00M 0.00M
Tax provision -0.14M -0.06M 0.00M 0.00M 0.00M
Interest income 0.00M 0.00M 0.00M 0.01M 0.01M
Net interest income -0.16M -0.06M 0.00M 0.01M 0.01M
Income tax expense - - 0.01M -2.77M -1.96M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 3.20M 4.49M 5.87M 9.53M 4.12M
Cost of revenue - - - - 0.03M
Total other income expense net 2.79M 0.31M -0.11M -0.19M 0.04M
Net income from continuing ops -0.42M -4.18M -5.99M -9.71M -4.07M
Net income applicable to common shares - - -5.99M -6.78M -2.25M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 10.71M 9.29M 1.53M 5.26M 5.78M
Intangible assets 3.20M 3.73M - - -
Other current assets - - 0.00M - -
Total liab 4.28M 4.73M 2.69M 1.26M 0.29M
Total stockholder equity 3.88M 2.55M -1.17M 4.00M 10.21M
Other current liab 1.29M 1.38M 0.19M 0.03M 0.01M
Common stock - 43.52M 38.38M 38.15M 12.56M
Capital stock 45.25M 43.52M 38.38M 38.15M 12.56M
Retained earnings -47.37M -46.59M -44.64M -39.03M -6.31M
Other liab - - 0.13M - -
Good will 2.68M 2.68M - - -
Other assets - - 0.13M 0.12M 0.10M
Cash 1.16M 1.00M 0.49M 4.45M 4.92M
Total current liabilities 2.39M 2.04M 0.96M 1.26M 0.29M
Current deferred revenue - 0.20M - - -
Net debt - -1.00M 1.11M - -
Short term debt - 0.18M - - -
Other stockholder equity - 5.68M -0.02M 0.35M 0.47M
Property plant equipment - - 0.05M 0.04M 0.06M
Total current assets 1.67M 1.45M 0.68M 4.54M 5.03M
Long term investments - 0.00M 0.40M 0.56M 0.59M
Net tangible assets - - -1.44M 4.00M 10.21M
Net receivables - 0.45M 0.04M 0.01M 0.01M
Long term debt - - 1.60M - -
Accounts payable 0.41M 0.28M 0.77M 1.01M 0.10M
Accumulated other comprehensive income - -0.07M - - -
Non currrent assets other - 0.10M - - -
Non current assets total 9.04M 7.85M 0.85M 0.72M 0.65M
Capital lease obligations 1.19M - - - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -0.72M -2.04M -0.20M -0.01M -0.64M
Change to liabilities - - -0.37M 0.99M -0.20M
Total cashflows from investing activities - - -0.20M -0.01M -0.64M
Net borrowings 0.00M - 1.83M 1.83M 1.83M
Total cash from financing activities 2.95M 6.49M 1.83M 6.85M 0.11M
Change to operating activities - - 0.08M -0.04M -0.02M
Net income -0.79M -4.18M -5.99M -9.71M -4.07M
Change in cash 0.16M 0.50M -3.95M -0.48M -4.61M
Begin period cash flow 1.00M 0.49M 4.45M 4.92M 9.53M
End period cash flow 1.16M 1.00M 0.49M 4.45M 4.92M
Total cash from operating activities -2.14M -3.56M -5.14M -7.14M -4.22M
Issuance of capital stock 2.91M 4.21M 0.95M 7.64M 0.00M
Depreciation 0.73M 0.25M 0.02M 0.03M 0.03M
Change to account receivables - - - - 0.00M
Other cashflows from financing activities - 1.76M 1.83M -0.78M -0.64M
Change to netincome - - 1.12M -1.34M -1.77M
Capital expenditures 0.72M 1.00M 0.20M 0.01M 0.01M
Change in working capital 0.14M -0.54M -0.29M 0.95M -0.23M
Stock based compensation 0.30M 0.56M 0.96M 0.99M 0.12M
Other non cash items 0.09M 0.07M 0.02M 0.02M 0.05M
Free cash flow -2.85M -4.56M -5.33M -7.14M -4.22M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MKA
Mkango Resources Ltd		 -0.01
1.69%		 0.58 - - 10135.10 62.33 7671.56 -5.98
SGML
Sigma Lithium Resources Corp		 0.10
1.28%		 7.91 - 23.09 29.72 42.12 23.03 32.66
AFM
Alphamin Res		 0.03
2.00%		 1.27 8.44 9.43 2.78 3.33 2.13 3.85
SLI
Standard Lithium Ltd		 0.11
5.76%		 2.02 - - 79.52 2.40 83.96 5.29
FWZ
Fireweed Zinc Ltd		 0.03
1.25%		 2.43 - 1250.00 - 26.07 - -7.01

Profile*

Mkango Resources Ltd

Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in Malawi, United Kingdom, and Poland. The company also explores for uranium, tantalum, niobium, rutile, nickel, cobalt, corundum, zircon, ilmenite, gold, graphite, base metals, platinum group metals, vanadium, chromium, and niobium deposits. Its flagship project is the Songwe Hill property which consist of one of a block of eleven retention licences located in southeast Malawi. Mkango Resources Ltd. was formerly known as Lancaster Exploration Limited. The company is based in Vancouver, Canada.

550 Burrard Street, Vancouver, BC, Canada, V6C 0A3

403 444 5979

https://mkango.ca

Name Title Year Born
Mr. William Dawes BSc., CFA, MIMMM, MSc. Co-Founder, CEO & Director NA
Mr. Alexander Mark Lemon Co-founder, Pres & Director NA
Mr. Timothy W. Slater ACA, CTA Exec. Officer 1970
Mr. Robert Sewell Chief Financial Officer NA
Mr. Alexander Mark Lemon Co-founder, President & Director NA
Mr. Timothy W. Slater ACA, CTA Interim Chief Financial Officer 1970

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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