Mkango Resources Limited Releases First Environmental Social Governance Report

LONDON and VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd (AIM/TSX-V: MKA) (the “Company” or “Mkango”) is pleased to announce that it has published its inaugural Environmental, Social & Governance (“ESG”) Report for the year 2022. This report has been prepared, to the extent applicable for the current phase of operations, in accordance with the Global Reporting Initiative Standards (“GRI”) ‘Core’ option and is accompanied by a wider set of disclosures on Mkango’s sustainability performance.

2022 ESG highlights include:

• IFC compliant ESHIA completed and approved by Malawian Environmental Protection Agency (MEPA)
  
• In depth stakeholder engagement completed for ESHIA safely despite Covid-19
• Streamlined business structure further enabling Mine, Refine and Recycle Strategy
• CSR spend to date of US$406,000 from inception to 31 December 2022

The disclosure standards and frameworks, including the United Nations Global Compact, Sustainability Accounting Standards, Board Metals and Mining Sustainability Accounting Standard, and the Mining Local Procurement Reporting Mechanism, continue to inform and guide Mkango’s sustainable transition from an explorer to a developer and demonstrates the Company’s commitment to transparent business conduct and its work to manage potential social and environmental impacts. Please follow this link to the ESG report on the Company’s website https://mkango.ca/site/assets/files/4152/mkango_esg_report_web12-11-23 ...

Alexander Lemon, Mkango President, commented: “I am delighted to publish our inaugural ESG Report. As countries around the world move towards climate-smart economies, there is growing recognition of the importance of the natural and social environment within global society. As we develop the Songwe Hill rare earth project, we are meeting the challenge of managing these precious shared resources, including water, biodiversity, land and air, and in the future will be producing rare earth minerals that are vital to the world’s low-carbon transformation. The sustainable development of Songwe Hill in Malawi is an example of where we can make a meaningful contribution to the economic, social and sustainable development of an emerging economy and its people. Mkango is committed to creating lasting value for future generations. We are building a business that is designed to create value for all stakeholders for many years to come.”