Mkango Magnetic Materials Limited (MKA) Financings
TSXV: MKA · REE · Development stage
- Market cap$260.6M
- Share price$0.670
- 52-week range$0.580 – $3.01
- Shares outstanding388,953,618
- ExchangeTSXV
- Websitewww.mkango.ca
Mkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito Limited ('Maginito'), which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec Holdings Ltd ('CoTec'), and the Remloy business acquired by its wholly owned German subsidiary, to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.
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Mkango Magnetic Materials Limited financial statements
Key figures read from 40 of 40 financial statement filings, Nov 28, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$3,058,561 | US$1,159,807 | — | US$493,703 | US$4,446,850 |
| Total current assets | US$3,795,755 | US$1,673,333 | US$1,446,546 | US$680,382 | US$4,544,960 |
| Total current liabilities | US$13,871,885 | US$2,394,647 | US$2,035,102 | US$959,671 | — |
| Working capital | (US$10,076,130) | (US$721,314) | (US$588,556) | (US$279,289) | — |
| Exploration and evaluation assets | US$780,408 | US$745,350 | — | US$273,763 | — |
| Property, plant and equipment | US$4,860,269 | US$2,415,592 | US$657,074 | US$48,199 | US$40,577 |
| Total assets | US$14,985,690 | US$10,711,520 | US$9,293,371 | US$1,526,901 | US$5,263,167 |
| Debt | US$458,873 | — | US$0 | US$1,603,696 | — |
| Total liabilities | US$15,650,800 | US$4,277,909 | US$4,732,065 | US$2,693,017 | US$1,258,572 |
| Shareholders' equity | (US$665,110) | US$6,433,611 | US$4,561,306 | (US$1,166,116) | US$4,004,595 |
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | (US$6,787,164) | (US$3,110,097) | (US$4,134,980) | (US$3,470,482) | US$3,516,064 |
| Net income (loss) | (US$17,646,608) | (US$421,279) | (US$4,179,951) | (US$5,985,963) | (US$9,707,073) |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$4,219,190) | (US$2,135,502) | (US$3,558,441) | (US$5,138,521) | (US$7,135,038) |
| Investing cash flow | (US$2,454,502) | (US$715,742) | (US$2,041,611) | (US$196,367) | (US$7,585) |
| Financing cash flow | US$8,505,567 | US$2,953,794 | US$6,490,494 | US$1,826,219 | US$6,852,456 |
| Exploration spending (capitalized) | (US$26,958) | (US$92,399) | — | — | — |
| Property, plant and equipment spending | (US$2,223,140) | (US$623,343) | (US$520,153) | (US$26,016) | — |
| Change in cash | US$1,898,754 | US$163,025 | US$503,079 | (US$3,953,135) | (US$477,717) |
| Cash at end of period | US$3,058,561 | US$1,159,807 | US$996,782 | — | US$4,446,850 |
No financings are on record for Mkango Magnetic Materials Limited yet.
Mkango Magnetic Materials Limited debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Mkango Magnetic Materials Limited has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-06-03 | Convertible note / loan, signed | — | US$500,000 | 12% |
| 2023-02-01 | Convertible note / loan, signed | CoTec Holdings Corp | GBP 2M | 5% |