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Mkango Resources secures option for HCL production technology

Mkango ResourcesLtd. secured a two-year exclusive option and right to acquire a licensefor technology to produce high strength hydrochloric acid, which is applicable inrare earths processing and other potential industrial applications.

The company plans to import solid sulfur and calcium chlorideand produce HCL on its own, rather than importing it, bringing down the cost atits Songwe Hillrare earths project in Malawi.

Mkango said July 26 that production of a gypsum byproduct forsale in Malawi and elsewhere will also be investigated.

Mkango startedtrading on London Stock Exchange's AIM market in mid-June under the ticker symbolMKA.L.