March 2025 Global Market's Promising Penny Stocks
Amidst heightened uncertainty, global markets have shown a mix of resilience and caution, with the Federal Reserve holding rates steady and investors navigating mixed economic data. The term 'penny stocks' might feel like a relic of past market eras, but the potential they represent is as real as ever. Typically referring to smaller or relatively new companies, these stocks can provide a mix of affordability and growth potential when paired with strong financials. Below, we'll explore several penny stocks that stand out for their financial strength amidst current market conditions.
Name
Share Price
Market Cap
Financial Health Rating
Yangzijiang Shipbuilding (Holdings) (SGX:BS6)
SGD2.42
SGD9.6B
★★★★★☆
Angler Gaming (NGM:ANGL)
SEK3.72
SEK278.94M
★★★★★★
NEXG Berhad (KLSE:DSONIC)
MYR0.255
MYR737.27M
★★★★★★
DXN Holdings Bhd (KLSE:DXN)
MYR0.505
MYR2.51B
★★★★★★
Bosideng International Holdings (SEHK:3998)
HK$4.02
HK$44.47B
★★★★★★
Lever Style (SEHK:1346)
HK$1.33
HK$826.54M
★★★★★★
Next 15 Group (AIM:NFG)
£3.045
£302.84M
★★★★☆☆
Warpaint London (AIM:W7L)
£4.20
£339.31M
★★★★★★
Foresight Group Holdings (LSE:FSG)
£3.71
£421.99M
★★★★★★
QinetiQ Group (LSE:QQ.)
£4.03
£2.23B
★★★★★☆
Click here to see the full list of 5,725 stocks from our Global Penny Stocks screener.
Let's uncover some gems from our specialized screener.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: The Warehouse Group Limited operates retail stores in New Zealand and has a market cap of NZ$300.46 million.
Operations: The company's revenue is primarily derived from its retail operations, with The Warehouse generating NZ$1.77 billion, Noel Leeming contributing NZ$1.01 billion, and Warehouse Stationery adding NZ$223.83 million.
Market Cap: NZ$300.46M
The Warehouse Group Limited, with a market cap of NZ$300.46 million, recently reported a net income of NZ$11.79 million for the half year ended January 26, 2025, contrasting with a loss from the previous year. Despite being unprofitable overall and having short-term liabilities exceeding its short-term assets by NZ$47.4 million, the company is trading at good value compared to peers and has reduced its debt-to-equity ratio significantly over five years. The management team is relatively new with an average tenure of 0.9 years; however, the board is experienced with an average tenure of 4.3 years.
Get an in-depth perspective on Warehouse Group's performance by reading our balance sheet health report here.
Evaluate Warehouse Group's prospects by accessing our earnings growth report.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Century Properties Group, Inc., with a market cap of ₱6.84 billion, operates as a real estate company in the Philippines through its various subsidiaries.
Operations: The company generates revenue through its key segments: Real Estate Development, contributing ₱12.10 billion; Leasing, with ₱1.25 billion; and Hotel and Property Management, adding ₱533.15 million.
Market Cap: ₱6.84B
Century Properties Group, Inc., with a market cap of ₱6.84 billion, is making strides in the real estate sector with significant revenue from its Real Estate Development segment. The company recently launched a new residential project at Azure North Estate, investing ₱1.2 billion in Mykonos and ₱215 million for a waterpark, projecting total sales of ₱2.7 billion for Mykonos alone. Despite high net debt to equity (56.1%) and low return on equity (10.7%), CPG has shown robust earnings growth over the past year (163.6%), surpassing industry averages and maintaining stable weekly volatility at 7%.
Click here and access our complete financial health analysis report to understand the dynamics of Century Properties Group.
Assess Century Properties Group's previous results with our detailed historical performance reports.
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Guangdong Wanlima Industry Co., Ltd is involved in the design, research, production, manufacturing, and marketing of leather products in China with a market cap of CN¥1.89 billion.
Operations: No specific revenue segments are reported for Guangdong Wanlima Industry Ltd.
Market Cap: CN¥1.89B
Guangdong Wanlima Industry Ltd., with a market cap of CN¥1.89 billion, is navigating the challenges of being unprofitable while maintaining a satisfactory net debt to equity ratio of 20.6%. The company's short-term assets (CN¥592.8M) exceed both its short and long-term liabilities, indicating solid liquidity management. Despite having a seasoned management team with an average tenure of 7.2 years, the company faces increased losses over the past five years at a rate of 25.8% annually. A special shareholders meeting on March 18 will address stock option incentives, potentially impacting future strategic directions.
Click to explore a detailed breakdown of our findings in Guangdong Wanlima Industry Ltd's financial health report.
Understand Guangdong Wanlima Industry Ltd's track record by examining our performance history report.
Gain an insight into the universe of 5,725 Global Penny Stocks by clicking here.
Ready To Venture Into Other Investment Styles? The latest GPUs need a type of rare earth metal called Terbium and there are only 21 companies in the world exploring or producing it. Find the list for free.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NZSE:WHS PSE:CPG and SZSE:300591.
Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@simplywallst.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
an hour ago
- Associated Press
Empire Metals Limited Announces Warrant Exercise
LONDON UNITED KINGDOM / ACCESS Newswire / June 12, 2025 / Empire Metals Limited ('Empire' or 'the Company') (LON:EEE)(OTCQB:EPMLF), the AIM-quoted resource exploration and development company, announces that it has received notification from SP Angel Corporate Finance LLP, Nominated Adviser and Broker to the Company, of the exercise of a warrant over 70,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of £0.06 per share. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash value of £4,200. The Company has also received notification from Shard Capital Stockbrokers, Broker to the Company, of the exercise of a warrant over 689,988 new ordinary shares of no-par value in the share capital of the Company (the 'New Ordinary Shares') at a price of £0.105 per share. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash value of £72,448.74. Application for Admission Application will be made to the London Stock Exchange for the new shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 18 June 2025. Following Admission of the new shares as described above, the issued share capital of the Company will consist of 690,393,221 ordinary shares of no-par value. 690,393,221 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. **ENDS** For further information please visit or contact: About Empire Metals Limited Empire Metals is an AIM-listed exploration and resource development company (LON: EEE) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO₂ mineralisation, each being over 7km in strike length. An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2. The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside. Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit. The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria. *The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit SOURCE: Empire Metals Limited press release
Associated Press
an hour ago
- Associated Press
Chow Tai Fook Jewellery Posts Strong Margin Expansion and Operating Profit for FY2025 from Brand Transformation Success
Results Highlights HONG KONG, HK / ACCESS Newswire / June 12, 2025 / Chow Tai Fook Jewellery Group Limited ('Chow Tai Fook Jewellery Group', the 'Group' or the 'Company"; SEHK stock code:1929), today announces its annual results for the year ended 31 March 2025 ('FY2025"). Strong Operating Profit and Margin Expansion Underscores Financial Resilience The Group demonstrated financial resilience and strategically navigated the evolving market landscape by embarking on its brand transformation in FY2025. While macro-economic externalities and elevated gold prices weighed on the consumer sentiment and consequently jewellery spending during the financial year and led to a 17.5% decline in the Group's revenue, it was able to chart steady progress towards enhancing brand desirability and earnings quality. The Group's gross profit margin expanded by 550 basis points to 29.5%, mainly attributable to the improved like-for-like margin at retail level resulting from the gold price surge, as well as an improvement in the product mix particularly with the higher contribution of our fixed-price gold products. The operating profit margin also expanded by 400 basis points to 16.4%, while operating profit delivered a year-on-year growth of 9.8%, reaching HK$14,746 million. Profit attributable to shareholders decreased 9.0% in FY2025 to HK$5,916 million, as the increase in operating profit was offset by the loss arising from the revaluation of gold loan contracts amid volatility in gold prices during the financial year. Earnings per share was HK$0.59. The Board has proposed a final dividend of HK$0.32 per share, bringing the dividend per share for the year to HK$0.52. The full year payout ratio in FY2025 was approximately 87.8%. Dr. Henry Cheng, Chow Tai Fook Jewellery Group Chairman, said, 'At Chow Tai Fook Jewellery, we are making great strides in our brand transformation journey. We remain determined to satisfy evolving customer demand while seizing the emerging opportunities across China and other markets. As the leading Chinese jeweller, we maintain our strong commitment to carrying forth our legacy of bold innovation, masterful craftsmanship, and proud cultural heritage.' New Image Stores Enhances Brand Desirability and Store Productivity As an integral part of its brand transformation, the Group is reshaping the jewellery shopping experience with the launch of five new image stores in Hong Kong, Shanghai, Shenzhen, Wuhan and Xi'an. The new premium store format elevated Chow Tai Fook Jewellery's brand desirability and provided an improved product mix, resulting in higher store productivity compared to the average store in the first few months since opening. As we continue to progress our five strategic priorities and take a proactive approach to evolving market trends, same store performance in Mainland China improved quarter by quarter in FY2025, while Hong Kong and Macau saw a stabilisation in performance towards the end of the financial year. SSS in the Mainland declined by 19.4% in FY2025. Separately, sales of franchised POS calculated on a same-store basis dropped 13.9% during the financial year, signifying a stronger performance than self-operated stores due to a higher proportion of newer stores. In Hong Kong and Macau, SSS was down by 26.1% in the financial year. SSS in Hong Kong dropped 23.1% while in Macau it fell 35.3%, as Macau's business had higher reliance on the spending of Mainland tourists. Product Optimisation to Resonate with Target Customers The Group continued its product optimisation efforts and offered products with different value propositions to meet customer preferences and create emotional resonance. Notably, revenue from fixed-price gold products surged by 105.5% year-on-year and itsRSV mix within the Mainland gold jewellery and product category expanded significantly to 19.2% from 7.1% the same period last year. The Group's new iconic fixed price collections, CTF Rouge Collection and Chow Tai Fook Palace Museum Collection, have sustained strong momentum since launch and each achieved sales of approximately HK$4 billion in this financial year, exceeding the annual targets. During the financial year, the Group further tapped into the 'Intellectual Properties ('IPs') Derivative Economy', driven by Gen Z consumers, by strengthening its portfolio of high-profile collaborations with brands such as Black Myth: Wukong and Chiikawa, in response to the younger generation's pursuit of emotional value. Demonstrating its commitment to diversification and capturing emerging consumer trends, the Group also unveiled the exclusive CTF Pet Jewellery in March 2025, the first of its kind from a Chinese jeweller. The meaningful and innovative products tap into the booming pet economy, which has experienced significant growth in recent years. Leveraging Online Channels to Deepen Customer Engagement During the financial year, the Group significantly enhanced customer engagement and achieved fruitful results in e-commerce development in both Mainland China and Hong Kong. In the Mainland, by leveraging the resources of its newly established in-house livestreaming studio and Key Opinion Sales ('KOS'), the Group expanded its reach and created viral bestsellers across multiple social media platforms, further amplifying brand visibility and consumer connection online. E-commerce contributed 5.8% in RSV and 13.8% in volume to its Mainland performance during FY2025. Furthermore, during Double 11 in 2024, the Group secured the No.1 position in livestreaming jewellery sales on the Tmall platform, helping to amplify the Group's reach, particularly to young customers. In Hong Kong and Macau, the e-commerce channel complemented and further enhanced the omni-channel shopping experience. E-commerce sales grew by approximately 91% in this market segment in FY2025, driven by the customers' positive reception to the revamped brand website and successful launch of key IP collections. Optimising Point of Sales ('POS') Network to Maximise Store Productivity POS optimisation is crucial to the Group's strategy for sustaining market leadership, while enhancing the overall financial health and resilience of its retail network by maximising store productivity. In FY2025, the Group's POS optimisation strategy proved effective, resulting in improved store productivity. In Mainland China, the Group remained agile and strategic in optimising its retail network by adopting a highly selective approach to opening stores in prime locations. The new stores opened during the year delivered more than double the average productivity of those closed. In addition, the progressive and healthy ramp-up of newer stores during the financial year strengthened the resilience and stability of the Group's store network. As of 31 March 2025, the Group maintained its leading position with a network of 6,274 CHOW TAI FOOK JEWELLERY POS in Mainland China, . The retail network in Hong Kong and Macau was maintained at 87 CHOW TAI FOOK JEWELLERY POS, positioning the Group favourably to drive quality earnings growth. In other markets, we optimised the store locations during the year. We opened a net of 3 CHOW TAI FOOK JEWELLERY POS (excluding China duty free) in Thailand, Malaysia and Japan. Business Outlook Chow Tai Fook Jewellery Group is encouraged by the continued progress in its brand transformation strategy and the positive impact on the Group's financial and operational performance in FY2025 and in FY2026 to date. Building on this momentum, the Group's strategic initiatives, together with the relatively lower comparables, shall further support its business fundamentals and recovery trajectory, making FY2026 a year set for quality growth Amidst the external volatility and uncertainty, the Group is closely examining government policies and initiatives to boost consumption, tracking gold price movements and assessing the operating landscape in countries earmarked for international expansion to inform its business decisions. Looking ahead, the Group will continue to rigorously uphold its financial discipline in cost and capital management to achieve high earnings quality. The Group's unwavering commitment to brand transformation will sharpen its competitiveness, bolster long-term growth prospects, and increase total shareholder returns sustainably. ### Chow Tai Fook Jewellery Group Limited Chow Tai Fook Jewellery Group Limited (the 'Group"; SEHK stock code:1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. The Group firmly upholds the vision: 'To be the leading global jewellery brand that is a trusted lifetime partner for every generation', drawing on nearly a century of legacy and success. Founded in 1929, the Group's iconic brand 'CHOW TAI FOOK' has become an emblem of tradition, celebrated for its bold designs and an unwavering attention to detail. Building upon a rich heritage and a foundation of trust, the Group is not only widely recognised for honouring traditions but also for fostering deep, meaningful connections with a diverse customer base through its exquisite jewellery. The Group's long-standing commitment to innovation and craftsmanship has been integral to its success over time and has become synonymous with excellence, value and authenticity. As a leading Chinese jeweller, the Group believes in blending contemporary cutting-edge designs with traditional techniques to create jewellery that can be passed down from generation to generation. Every collection is thoughtfully conceived and crafted to reflect the stories of our customers, celebrating the special moments in their lives. Committed to growing alongside our customers, the Group embraces a spirit that aspires to inspire and captivate generations to come, weaving the story of CHOW TAI FOOK into the fabric of their lives. Offering a wide variety of products, services and channels, the Group's brand portfolio comprises the CHOW TAI FOOK flagship brand with curated retail experiences, and other individual brands including HEARTS ON FIRE, ENZO and MONOLOGUE. The Group is committed to delivering sustainable long-term value creation for its stakeholders by enhancing the quality of earnings and driving higher value growth. We operate an extensive omni-channel retail ecosystem, with a retail network across China and multiple locations globally, complemented by a growing e-commerce business that further enhances our competitive edge. Media Enquiries: Chow Tai Fook Jewellery Group Limited Haide Ng Associate Director, Investor Relations and Corporate Communications Tel: (852) 3115 4402 Email: [email protected] Acky Chan Senior Manager, Investor Relations and Corporate Communications Tel: (852) 3115 4403 Email: [email protected] 12/06/2025 Dissemination of a Financial Press Release, transmitted by EQS News. The issuer is solely responsible for the content of this announcement. Media archive at SOURCE: Chow Tai Fook Jewellery Group Limited press release
Indianapolis Star
an hour ago
- Indianapolis Star
HyProMag USA Receives "Make More in America" Domestic Finance Letter of Interest for up to US$92 Million From US EXIM Bank
CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ('CoTec') and Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) ('Mkango') are pleased to announce HyProMag USA, LLC, a Delaware corporation ('HyProMag USA' or the 'Project') has received a Make More in America (MMIA) domestic finance letter of interest ('LOI') from the U.S. Export-Import ('EXIM') Bank for its first integrated rare earth recycling and magnet making facility in Dallas-Fort Worth, Texas. In terms of the letter, EXIM may be able to consider potential financing of up to $92 million of the project's costs with a repayment tenor of 10 years. Julian Treger, CoTec CEO commented: ' We are very pleased with EXIM's interest in the Project. The Project is strongly aligned with EXIM's 'Make More in America' initiative, which provides beneficial financing terms for U.S. companies facing oversees competition to ensure the United States reshores certain critical export areas, including the domestic manufacturing of permanent NdFeB magnets. We believe that the Project could be a major contributor to the United States' targeted permanent magnet independence and the speed at which HyProMag USA's capabilities could be deployed distinguishes the Project from potential competitors. ' Will Dawes, Mkango CEO commented: 'The HyProMag USA development will be transformational for rare earth supply chains in the United States, and we are very pleased to see this reflected in the interest from EXIM. With the detailed engineering phase for the project well underway, HyProMag USA is well positioned to create a major new domestic hub for recycling and magnet manufacturing, and a platform for further growth in North America.' The issuance of this LOI is aligned with Executive Order 2421 of March 20, 2025 'Immediate Measures to Increase American Mineral Production' which includes near-term actions to be determined and implemented by the agencies to fast-track permits, mobilize capital for mineral producers, and create offtake agreements for strategic stockpiling for minerals critical to the United States' defense, technology, and energy. HyProMag is commercializing Hydrogen Processing of Magnet Scrap (HPMS) recycling technology in the UK, Germany and the United States. HPMS technology was developed at the Magnetic Materials Group (MMG) at the University of Birmingham, underpinned by approximately US$100 million of research and development funding, and has major competitive advantages versus other rare earth magnet recycling technologies, which are largely focused on chemical processes but do not solve the challenges of liberating magnets from end-of-life scrap streams. In November 2024, HyProMag announced an independent Feasibility Study which includes a Dallas Fort Worth recycling and magnet Hub, and two pre-processing facilities located in South Carolina and Nevada respectively [i]. In March 2025, HyProMag USA announced the expansion of the detailed engineering phase to include three HPMS vessels [ii] and that it was initiating concept studies for further expansion and complementary 'Long Loop' recycling [iii]. The DFW Hub's annual production is expected to be 750 metric tons per annum of recycled sintered NdFeB magnets and 807 metric tons per annum of associated NdFeB co-products (total payable capacity – 1,557 metric tons NdFeB within five years of commissioning) over a 40-year operating life. It is expected the production facility will provide significant optionality to supply the U.S. market with additional NdFeB alloy powder while assisting in revitalising the U.S. magnet sector with the creation of 90-100 skilled magnet manufacturing jobs. In March 2025, HyProMag USA announced the results of an independent ISO-Compliant product carbon footprint study which confirmed an exceptionally low CO 2 footprint of 2.35 kg CO 2 eq. per kg of NdFeB cut sintered block product.[iv] Ownership HyProMag USA is owned 50:50 by CoTec and HyProMag Limited ('HyProMag'). HyProMag is 100 per cent owned by Maginito Limited ('Maginito'), which is owned on a 79.4/20.6 per cent basis by Mkango and CoTec. About CoTec Holdings Corp. CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ('TSX-V') and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec's strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector. For more information, please visit About Mkango Resources Ltd. Mkango is listed on the AIM and the TSX-V. 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, which is owned 79.4 per cent by Mkango and 20.6 per cent by CoTec, and 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. Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ('Mkango UK'), focused on long loop rare earth magnet recycling in the UK via a chemical route. Maginito and CoTec are rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA joint venture company. Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ('Songwe') and the Pulawy rare earths separation project in Poland ('Pulawy'). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a letter of Intent with Crown PropTech Acquisitions to list the Songwe and Pulawy projects on NASDAQ via a SPAC Merger. For more information, please visit Market Abuse Regulation (MAR) Disclosure The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'), which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango and CoTec. Generally, forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'is expected to', 'scheduled', 'estimates' 'intends', 'anticipates', 'believes', or variations of such words and phrases, or statements that certain actions, events or results 'can', 'may', 'could', 'would', 'should', 'might' or 'will', occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of the potential financing from EXIM, the expected annual production from HyProMag USA, the availability of (or delays in obtaining) financing to develop Songwe Hill, the Recycling Plants being developed by Maginito in the UK, Germany and the United States (the 'Maginito Recycling Plants'), governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for Maginito's recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the Maginito Recycling Plants, and the Pulawy separation plant and future investments in the United States pursuant to the proposed cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the Feasibility Studies, cost overruns, complexities in building and operating the plants, and the positive results of Feasibility Studies on the various proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this press release are made as of the date of this news release. Except as required by law, the Company and CoTec disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Additionally, the Company and CoTec undertake no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above. For further information on CoTec, please contact: CoTec Holdings Corp. Braam Jonker Chief Financial Officer +1 604 992-5600 For further information on Mkango, please contact: Mkango Resources Limited William Dawes Chief Executive Officer will@ +1 403 444 5979 Alexander Lemon President alex@ @MkangoResources SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Jeff Keating, Jen Clarke, Devik Mehta UK: +44 20 3470 0470 Alternative Resource Capital Joint Broker Alex Wood, Keith Dowsing UK: +44 20 7186 9004/5 The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act. [i] [ii] [iii] Conventional leach, extraction purification and precipitation process [iv] SOURCE: CoTec Holdings Corp.
