Novo Resources & Mkango Resources — Mkango Rare Earths UK Limited

Novo Resources: Novo Resources' subsidiaries, HyProMag Ltd and Mkango Resources — Mkango Rare Earths UK Limited, are key partners in the REACT UK project, which received significant grant funding. This project strengthens Novo Resources' position in rare earth magnet recycling and manufacturing.

Mkango Resources — Mkango Rare Earths UK Limited: Mkango Resources — Mkango Rare Earths UK Limited is a collaborative project winner and will receive grant funding for the REACT UK project. This project is a key milestone in establishing an integrated rare earth magnet supply chain in the United Kingdom.

Novo Resources: Novo Resources is the parent company that owns a significant interest in HyProMag GmbH and is strategically positioned to benefit from the successful commissioning and scale-up of the rare earth magnet recycling plant in Pforzheim, Germany. This event strengthens its position in the rare earths supply chain.

Mkango Resources — Mkango Rare Earths UK Limited: Mkango Resources — Mkango Rare Earths UK Limited is a wholly-owned subsidiary of Maginito Limited, focused on long loop rare earth magnet recycling in the UK via a chemical route.

Novo Resources: Novo Resources successfully completed an oversubscribed fundraise of £12.5 million, strengthening its balance sheet and providing capital for growth opportunities, including a potential acquisition in Germany and capital expenditures in its UK and German operations.

Mkango Resources — Mkango Rare Earths UK Limited: Mkango Resources — Mkango Rare Earths UK Limited is a wholly-owned subsidiary of Maginito Limited, focused on long loop rare earth magnet recycling in the United Kingdom.