{"success":true,"data":{"pressRelease":{"id":"180525","rtpr_id":"nACSJW7GLa-20261027","ticker":"CPTKW","exchange":"OTC","all_tickers":["CPTKW","MKA"],"title":"Mkango Magnetic Materials Limited Announces Filing Of Amended Form F-4","author":"ACCESSWIRE","published_at":"2026-10-27T07:30:00.940Z","article_body":"CALGARY, AB / ACCESS Newswire (https://www.accessnewswire.com/) / October 27,\n2026 / Mkango Magnetic Materials Limited (formerly Mkango Resources Ltd.)\n(AIM:MKA)(TSXV:MKA) (\"Mkango\") announces that its wholly-owned subsidiary,\nMkango Rare Earths Limited (f/k/a Lancaster Exploration Limited) (\"MKAR\"),\nfiled a further amendment to its registration statement on Form F-4 (the\n\"Amended Form F-4\") with the United States Securities and Exchange Commission\n(the \"SEC\") on October 26, 2026, in connection with the proposed business\ncombination between MKAR and Crown PropTech Acquisitions (OTC:CPTKW) (\"CPTK\")\n(the \"Proposed Business Combination\"), initially announced on July 3, 2025.\nThe Amended Form F-4 includes as an exhibit a revised technical report summary\non the Songwe Hill Rare Earth Element Project in Malawi prepared in accordance\nwith subpart 1300 of Regulation S-K (the \"TRS\").\n(https://app.accessnewswire.com/imagelibrary/6f9a44c9-8246-49d6-b34e-13dfbe69cbc0/1242306/image.png)\nAdditionally, on October 26, 2026, Mkango filed on SEDAR+ a revised technical\nreport on Songwe Hill prepared in accordance with National Instrument 43-101 -\nStandards of Disclosure for Mineral Projects (\"NI 43-101\"), entitled \"NI\n43-101 Updated Technical Report on the Songwe Hill Rare Earth Element Project\nin Malawi\", with an effective date of June 30, 2025 (the \"Revised Technical\nReport\"). The Revised Technical Report was prepared by Phil Bundo of SENET, a\nDRA Global Group Company, Jeremy Charles Witley of The MSA Group (Pty) Ltd,\nScott Swinden of Swinden Geoscience Consultants Ltd, Graham Errol Trusler of\nDigby Wells Environmental, Clive Wyndham Brown of Bara Consulting (Pty) Ltd\nand George Papageorgiou of Epoch Resources (Pty) Ltd. Darren L. Smith of\nDahrouge Geological Consulting Ltd. acted as a \"qualified person\" on behalf of\nAdamas Intelligence Inc. in respect of their sections of the Revised Technical\nReport. Each of Mr Bundo, Witley, Swinden, Wyndham Brown, Papageorgiou and\nSmith is a \"qualified person\" as defined in NI 43-101 and independent of\nMkango. The Revised Technical Report supersedes the technical report filed on\nSEDAR+ on April 30, 2026, but the mineral resource and mineral reserve\nestimates and the reported economic results remain unchanged. Revisions have\nbeen made to the wording in Sections 19 (Market Studies and Contracts) and 22\n(Economic Analysis) of the Revised Technical Report.\n\nThe Amended Form F-4 comprises a preliminary proxy statement of CPTK and a\npreliminary prospectus of MKAR in respect of the common shares and warrants to\nbe issued in the Proposed Business Combination. A copy of the Amended Form F-4\nis available on EDGAR at the following hyperlink:\nhttps://www.sec.gov/ix?doc=/Archives/edgar/data/0002052373/000121390026112489/ea0271516-16.htm\n, and will be filed under Mkango's profile on SEDAR+ at www.sedarplus.ca . The\nAmended Form F-4 has not yet been declared effective by the SEC and the\ninformation it contains is subject to completion or amendment. Subject to\ncompletion of the SEC review process and satisfaction of customary closing\nconditions, including approval by CPTK's shareholders, MKAR's common shares\nand warrants are expected to list on Nasdaq under the symbols \"MKAR\" and\n\"MKARW\" on closing.\n\nThe Amended Form F-4 has not been reviewed or approved by any Canadian or\nUnited Kingdom regulatory authority, does not constitute a prospectus under\nCanadian or United Kingdom securities laws, and does not constitute an offer\nof securities in those jurisdictions. The content of the Amended Form F-4 has\nnot been approved by an authorised person within the meaning of the United\nKingdom Financial Services and Markets Act 2000. Technical and scientific\ninformation in the Amended Form F-4 has been prepared in accordance with\nRegulation S-K under United States securities laws, which differs from NI\n43-101. Canadian readers are referred to the Revised Technical Report.\n\nAbout Mkango Magnetic Materials Limited\n\nMkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate\nstrategy is to become a market leader in the production of recycled rare earth\nmagnets, alloys and oxides, through its interest in Maginito Limited\n(\"Maginito\"), which is owned 79.4 percent by Mkango and 20.6 per cent by CoTec\nHoldings Ltd (\"CoTec\"), and the Remloy business acquired by its wholly owned\nGerman subsidiary, to develop new sustainable sources of neodymium,\npraseodymium, dysprosium and terbium to supply accelerating demand from\nelectric vehicles, wind turbines and other clean energy technologies.\n\nMaginito holds a 100 percent interest in HyProMag Limited and a 90 percent\nindirect interest in HyProMag GmbH, focused on short loop rare earth magnet\nrecycling and manufacturing in the UK and Germany, respectively, and a 100 per\ncent interest in Mkango Rare Earths UK Ltd (\"Mkango UK\"), focused on long loop\nrare earth magnet recycling in the UK via a chemical processing route.\n\nMaginito and CoTec are also expanding HPMS recycling technology into the\nUnited States via the 50/50 owned HyProMag USA joint venture company.\n\nRemloy has developed a plant in Bitterfeld, Germany, which recycles\nend-of-life rare earth magnets via a melting process (medium loop rare earth\nmagnet recycling) to produce neodymium-iron-boron (\"NdFeB\") alloy powders for\nthe bonded and hot deformed magnet markets, complementary to HyProMag's short\nloop recycling process, to produce sintered magnets, and to Mkango UK's long\nloop recycling process, to produce mixed rare earth carbonates and oxides.\n\nMkango currently owns 100% of the advanced stage Songwe Hill rare earths\nproject in Malawi and the proposed Pulawy rare earths separation plant in\nPoland. On grant of the large-scale mining licence the Government of Malawi\nmay elect to take a free 10% interest in the entity holding that licence. Both\nthe Songwe and Pulawy projects have been selected as Strategic Projects under\nthe European Union Critical Raw Materials Act, as has HyProMag GmbH. Songwe\nhas also received Development Funding from the U.S. International Development\nFinance Corporation (DFC), the U.S. Government's development finance\ninstitution, securing US$4.6 million in reimbursable funding for Front End\nEngineering and Design. MKAR has signed a Business Combination Agreement with\nCPTK to list the Songwe Hill and Pulawy rare earths projects on Nasdaq via a\nSPAC merger under the name Mkango Rare Earths Limited.\n\nFor more information, please visit www.mkango.ca.\n\nAbout Crown PropTech Acquisitions\n\nCPTK is a Cayman Islands exempted company incorporated in 2020 as a special\npurpose acquisition company for the purpose of effecting a merger, share\nexchange, asset acquisition, share purchase, reorganization or similar\nbusiness combination with one or more businesses. For further information,\nvisit www.crownproptech.com.\n\nMarket Abuse Regulation Disclosure\n\nThis news release contains inside information for the purposes of Article 7 of\nthe Market Abuse Regulation (EU) No. 596/2014 as it forms part of United\nKingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as\namended. Upon publication of this news release via a Regulatory Information\nService, such inside information will be considered to be in the public\ndomain.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains forward-looking statements and forward-looking\ninformation (within the meaning of those terms under applicable securities\nlaws) with respect to Mkango, MKAR and CPTK, generally identifiable by words\nsuch as \"plans\", \"expects\", \"estimates\", \"intends\", \"anticipates\", \"believes\",\n\"may\", \"could\", \"should\", \"would\" or \"will\", or the negative connotations\nthereof.\n\nForward-looking statements in this news release include, without limitation,\nstatements regarding: the effectiveness of the Amended Form F-4 and the timing\nof the SEC review process; the holding of CPTK's extraordinary general meeting\nand approval of the proposals relating to the Proposed Business Combination;\nthe expected listing of MKAR's common shares and warrants on Nasdaq; the\nexpected timing and completion of the Proposed Business Combination; and the\nstatements in the \"About\" sections regarding the development of Songwe Hill\nand Pulawy, their status as Strategic Projects under the European Union\nCritical Raw Materials Act, the Development Funding from the U.S.\nInternational Development Finance Corporation, the expansion of rare earth\nmagnet recycling and magnet manufacturing operations in the United Kingdom,\nGermany and the United States, and the Remloy plant at Bitterfeld, Germany,\nincluding the complementarity of the Remloy, HyProMag and Mkango UK recycling\nprocesses.\n\nIn making these statements, Mkango, MKAR and CPTK have applied material\nassumptions including: that the SEC will complete its review and declare the\nAmended Form F-4 effective; that required shareholder, stock exchange,\nregulatory and other third party approvals will be obtained; that the\nconditions precedent to closing, including the minimum cash condition, will be\nsatisfied or waived; and that no event will occur giving rise to a right of\ntermination under the Amended and Restated Business Combination Agreement\ndated September 2, 2026. Actual results may vary materially if these\nassumptions prove incorrect.\n\nReaders are cautioned not to place undue reliance on forward-looking\nstatements. Factors and risks that could cause actual results to differ\nmaterially include, without limitation: the failure to complete the Proposed\nBusiness Combination on the terms or within the timeframe contemplated, or at\nall, or by CPTK's business combination deadline, and the failure to obtain any\nextension of that deadline; the failure to satisfy or obtain waiver of the\nconditions precedent to closing, including approval by Mkango and CPTK's\nshareholders, satisfaction of the minimum cash condition following\nredemptions, and receipt of required governmental, regulatory, stock exchange,\ncourt and other third party approvals; the Amended Form F-4 not being declared\neffective; the level of redemptions by CPTK's public shareholders and the cash\navailable on closing; the inability to obtain additional financing on\nfavourable terms, in an amount sufficient to satisfy the minimum cash\ncondition, or at all; the exercise of termination rights under the Amended and\nRestated Business Combination Agreement; the failure to obtain approval for\nlisting on Nasdaq or to maintain the quotation of CPTK's securities on the OTC\nMarkets; volatility in the price of MKAR's securities; market risks, including\nthe price of rare earth materials; the effect of the announcement or pendency\nof the Proposed Business Combination on business relationships and\nperformance; litigation, regulatory proceedings or shareholder actions arising\nin connection with the Proposed Business Combination; the consequences of the\nProposed Business Combination for Mkango's interests in Songwe Hill and Pulawy\nand for Mkango's status on AIM and the TSX-V; and the anticipated benefits of\nthe Proposed Business Combination not being realised in whole or in part.\n\nFurther factors include: the availability of (or delays in obtaining)\nfinancing to develop Songwe Hill and Pulawy and the recycling plants being\ndeveloped by Maginito in the United Kingdom, Germany and the United States;\nthe drawdown and continued availability of the reimbursable Development\nFunding awarded by the U.S. International Development Finance Corporation,\nincluding changes in United States government policy or funding priorities;\nthe retention of Strategic Project status under the European Union Critical\nRaw Materials Act; governmental action and other market effects on global\ndemand and pricing for rare earths; geological, technical, permitting and\nregulatory matters relating to the development of Songwe Hill and Pulawy;\npolitical, fiscal, legal, taxation, currency and other risks associated with\noperating in Malawi, Poland, Germany, the United Kingdom and the United\nStates, and geopolitical impacts on markets and tariffs; the ability to scale\nthe HPMS and chemical recycling technologies to commercial scale; competition\nand the availability of scrap supplies and other feedstock for Maginito's and\nRemloy's recycling activities; the integration of Remloy into the Mkango group\nand the realisation of the anticipated synergies; cost overruns, operational\nhazards and complexities in building and operating the plants; and the results\nof feasibility studies being less favourable than anticipated.\n\nThe foregoing list is not exhaustive. Readers should also consider the risks\ndescribed in CPTK's filings with the SEC, Mkango's filings on SEDAR+, and the\nAmended Form F-4. The forward-looking statements in this news release are made\nas of the date hereof and, except as required by applicable law, none of\nMkango, MKAR or CPTK undertakes any obligation to update or revise them, or to\ncomment on the expectations of, or statements made by, third parties in\nrespect of the matters discussed above.\n\nImportant Information for Investors and Shareholders\n\nIn connection with the Proposed Business Combination, MKAR and CPTK have filed\nthe Amended Form F-4 with the SEC, including a preliminary proxy statement of\nCPTK and a preliminary prospectus of MKAR with respect to the securities to be\noffered in the Proposed Business Combination, a copy of which will also be\nfiled under Mkango's profile on SEDAR+. After the Amended Form F-4 is declared\neffective, CPTK will mail a definitive proxy statement/prospectus to its\nshareholders as of a record date to be established for voting on the Proposed\nBusiness Combination. CPTK urges investors and other interested persons to\nread, when available, the proxy statement/prospectus, as well as other\ndocuments filed with the SEC, because these documents will contain important\ninformation about the Proposed Business Combination. Such persons can also\nread CPTK's filings with the SEC for a description of the security holdings of\nits officers and directors and their respective interests as security holders\nin the consummation of the transactions described herein. The proxy\nstatement/prospectus, once available, can be obtained, without charge, at\nwww.sec.gov and under Mkango's profile on SEDAR+ at www.sedarplus.ca. In\naddition, the documents filed by CPTK may be obtained free of charge by\ndirecting a request to CPTK c/o Michael Minnick, Chief Executive Officer, 40\nWest 57th Street, 29th Floor, New York, NY 10019, or by telephone at (212)\n796-4796.\n\nParticipants in the Solicitation\n\nMKAR and CPTK and their respective directors, executive officers and other\nmembers of their management and employees, under SEC rules, may be deemed to\nbe participants in the solicitation of proxies of CPTK's shareholders in\nconnection with the Proposed Business Combination. Investors and security\nholders may obtain more detailed information regarding the names, affiliations\nand interests of CPTK's directors and officers in CPTK's SEC filings.\nInformation regarding the persons who may, under SEC rules, be deemed\nparticipants in the solicitation of proxies to CPTK's shareholders in\nconnection with the Proposed Business Combination will be set forth in the\nproxy statement/prospectus for the Proposed Business Combination when\navailable. Information concerning the interests of MKAR's and CPTK's\nparticipants in the solicitation, which may, in some cases, be different than\nthose of their respective equity holders generally, will be set forth in the\nproxy statement/prospectus relating to the Proposed Business Combination when\nit becomes available.\n\nNo Offer or Solicitation\n\nThis news release shall not constitute a solicitation of a proxy, consent, or\nauthorization with respect to any securities or in respect of the Proposed\nBusiness Combination. This news release shall also not constitute an offer to\nsell or the solicitation of an offer to buy any securities, nor shall there be\nany sale of securities in any states or jurisdictions in which such offer,\nsolicitation, or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. No offering of securities\nshall be made except by means of a prospectus meeting the requirements of\nSection 10 of the Securities Act of 1933, as amended, or an exemption\ntherefrom.\n\nFor further information on Mkango, please contact:\n\nMkango Magnetic Materials Limited\nAlexander Lemon\nPresident\nalex@mkango.ca\n\nWilliam Dawes\nChief Executive Officer\nwill@mkango.ca\n\nUK: +44 20 7372 2744\nwww.mkango.ca\n@MkangoResources\n\nSP Angel Corporate Finance LLP\nNominated Adviser and Joint Broker\nCaroline Rowe, Jen Clarke, Devik Mehta\nUK: +44 20 3470 0470\n\nCavendish Capital Markets Limited\nJoint Broker\nNeil McDonald, Pearl Kellie\nUK: +44 20 7330 0500\n\nH&P Advisory Limited\nJoint Broker\nAndrew Chubb, Leif Powis\nUK: +44 20 7907 8500\n\nCohen Capital\nStrategic and Financial Adviser\nBrandon Sun\nUSA: +1 929 432 1254\n\nWelsbach Corporate Solutions LLC-FZ\nSupply Chain Advisor and Financial and Capital Markets Advisor\nDaniel Mamadou\nSG: +65 6879 7107\n\nFor further information on CPTK, please contact:\n\nCrown PropTech Acquisitions\nMichael Minnick, Chief Executive Officer - mm@crownproptech.com\nUSA: (212) 796-4796 | www.crownproptech.com\n\nDisclaimer\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this news release. The TSX\nVenture Exchange has neither approved nor disapproved the contents of this\nnews release.\n\nThis news release shall not constitute an offer to sell, or a solicitation of\nan offer to buy, or a recommendation to purchase, any securities in any\njurisdiction, or the solicitation of any vote, consent or approval in any\njurisdiction in connection with the Proposed Business Combination, nor shall\nthere be any sale, issuance or transfer of any securities in any jurisdiction\nwhere, or to any person to whom, such offer, solicitation or sale may be\nunlawful. This news release does not constitute either advice or a\nrecommendation regarding any securities.\n\nThis information is provided by RNS, the news service of the London Stock\nExchange. RNS is approved by the Financial Conduct Authority to act as a\nPrimary Information Provider in the United Kingdom. Terms and conditions\nrelating to the use and distribution of this information may apply. For\nfurther information, please contact rns@lseg.com or visit www.rns.com.\n\nSOURCE: Mkango Magnetic Materials Limited\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/mkango-magnetic-materials-limited-announces-filing-of-amended-form-f-4-1242306)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSJW7GLa-20261027","title":"Mkango Magnetic Materials Limited Announces Filing Of Amended Form F-4","author":"ACCESSWIRE","ticker":"CPTKW","created":"2026-10-27T07:30:00.940Z","tickers":["CPTKW","MKA"],"exchange":"OTC","article_body":"CALGARY, AB / ACCESS Newswire (https://www.accessnewswire.com/) / October 27,\n2026 / Mkango Magnetic Materials Limited (formerly Mkango Resources Ltd.)\n(AIM:MKA)(TSXV:MKA) (\"Mkango\") announces that its wholly-owned subsidiary,\nMkango Rare Earths Limited (f/k/a Lancaster Exploration Limited) (\"MKAR\"),\nfiled a further amendment to its registration statement on Form F-4 (the\n\"Amended Form F-4\") with the United States Securities and Exchange Commission\n(the \"SEC\") on October 26, 2026, in connection with the proposed business\ncombination between MKAR and Crown PropTech Acquisitions (OTC:CPTKW) (\"CPTK\")\n(the \"Proposed Business Combination\"), initially announced on July 3, 2025.\nThe Amended Form F-4 includes as an exhibit a revised technical report summary\non the Songwe Hill Rare Earth Element Project in Malawi prepared in accordance\nwith subpart 1300 of Regulation S-K (the \"TRS\").\n(https://app.accessnewswire.com/imagelibrary/6f9a44c9-8246-49d6-b34e-13dfbe69cbc0/1242306/image.png)\nAdditionally, on October 26, 2026, Mkango filed on SEDAR+ a revised technical\nreport on Songwe Hill prepared in accordance with National Instrument 43-101 -\nStandards of Disclosure for Mineral Projects (\"NI 43-101\"), entitled \"NI\n43-101 Updated Technical Report on the Songwe Hill Rare Earth Element Project\nin Malawi\", with an effective date of June 30, 2025 (the \"Revised Technical\nReport\"). The Revised Technical Report was prepared by Phil Bundo of SENET, a\nDRA Global Group Company, Jeremy Charles Witley of The MSA Group (Pty) Ltd,\nScott Swinden of Swinden Geoscience Consultants Ltd, Graham Errol Trusler of\nDigby Wells Environmental, Clive Wyndham Brown of Bara Consulting (Pty) Ltd\nand George Papageorgiou of Epoch Resources (Pty) Ltd. Darren L. Smith of\nDahrouge Geological Consulting Ltd. acted as a \"qualified person\" on behalf of\nAdamas Intelligence Inc. in respect of their sections of the Revised Technical\nReport. Each of Mr Bundo, Witley, Swinden, Wyndham Brown, Papageorgiou and\nSmith is a \"qualified person\" as defined in NI 43-101 and independent of\nMkango. The Revised Technical Report supersedes the technical report filed on\nSEDAR+ on April 30, 2026, but the mineral resource and mineral reserve\nestimates and the reported economic results remain unchanged. Revisions have\nbeen made to the wording in Sections 19 (Market Studies and Contracts) and 22\n(Economic Analysis) of the Revised Technical Report.\n\nThe Amended Form F-4 comprises a preliminary proxy statement of CPTK and a\npreliminary prospectus of MKAR in respect of the common shares and warrants to\nbe issued in the Proposed Business Combination. A copy of the Amended Form F-4\nis available on EDGAR at the following hyperlink:\nhttps://www.sec.gov/ix?doc=/Archives/edgar/data/0002052373/000121390026112489/ea0271516-16.htm\n, and will be filed under Mkango's profile on SEDAR+ at www.sedarplus.ca . The\nAmended Form F-4 has not yet been declared effective by the SEC and the\ninformation it contains is subject to completion or amendment. Subject to\ncompletion of the SEC review process and satisfaction of customary closing\nconditions, including approval by CPTK's shareholders, MKAR's common shares\nand warrants are expected to list on Nasdaq under the symbols \"MKAR\" and\n\"MKARW\" on closing.\n\nThe Amended Form F-4 has not been reviewed or approved by any Canadian or\nUnited Kingdom regulatory authority, does not constitute a prospectus under\nCanadian or United Kingdom securities laws, and does not constitute an offer\nof securities in those jurisdictions. The content of the Amended Form F-4 has\nnot been approved by an authorised person within the meaning of the United\nKingdom Financial Services and Markets Act 2000. Technical and scientific\ninformation in the Amended Form F-4 has been prepared in accordance with\nRegulation S-K under United States securities laws, which differs from NI\n43-101. Canadian readers are referred to the Revised Technical Report.\n\nAbout Mkango Magnetic Materials Limited\n\nMkango is listed on the AIM and the TSX-V Stock Exchanges. Mkango's corporate\nstrategy is to become a market leader in the production of recycled rare earth\nmagnets, alloys and oxides, through its interest in Maginito Limited\n(\"Maginito\"), which is owned 79.4 percent by Mkango and 20.6 per cent by CoTec\nHoldings Ltd (\"CoTec\"), and the Remloy business acquired by its wholly owned\nGerman subsidiary, to develop new sustainable sources of neodymium,\npraseodymium, dysprosium and terbium to supply accelerating demand from\nelectric vehicles, wind turbines and other clean energy technologies.\n\nMaginito holds a 100 percent interest in HyProMag Limited and a 90 percent\nindirect interest in HyProMag GmbH, focused on short loop rare earth magnet\nrecycling and manufacturing in the UK and Germany, respectively, and a 100 per\ncent interest in Mkango Rare Earths UK Ltd (\"Mkango UK\"), focused on long loop\nrare earth magnet recycling in the UK via a chemical processing route.\n\nMaginito and CoTec are also expanding HPMS recycling technology into the\nUnited States via the 50/50 owned HyProMag USA joint venture company.\n\nRemloy has developed a plant in Bitterfeld, Germany, which recycles\nend-of-life rare earth magnets via a melting process (medium loop rare earth\nmagnet recycling) to produce neodymium-iron-boron (\"NdFeB\") alloy powders for\nthe bonded and hot deformed magnet markets, complementary to HyProMag's short\nloop recycling process, to produce sintered magnets, and to Mkango UK's long\nloop recycling process, to produce mixed rare earth carbonates and oxides.\n\nMkango currently owns 100% of the advanced stage Songwe Hill rare earths\nproject in Malawi and the proposed Pulawy rare earths separation plant in\nPoland. On grant of the large-scale mining licence the Government of Malawi\nmay elect to take a free 10% interest in the entity holding that licence. Both\nthe Songwe and Pulawy projects have been selected as Strategic Projects under\nthe European Union Critical Raw Materials Act, as has HyProMag GmbH. Songwe\nhas also received Development Funding from the U.S. International Development\nFinance Corporation (DFC), the U.S. Government's development finance\ninstitution, securing US$4.6 million in reimbursable funding for Front End\nEngineering and Design. MKAR has signed a Business Combination Agreement with\nCPTK to list the Songwe Hill and Pulawy rare earths projects on Nasdaq via a\nSPAC merger under the name Mkango Rare Earths Limited.\n\nFor more information, please visit www.mkango.ca.\n\nAbout Crown PropTech Acquisitions\n\nCPTK is a Cayman Islands exempted company incorporated in 2020 as a special\npurpose acquisition company for the purpose of effecting a merger, share\nexchange, asset acquisition, share purchase, reorganization or similar\nbusiness combination with one or more businesses. For further information,\nvisit www.crownproptech.com.\n\nMarket Abuse Regulation Disclosure\n\nThis news release contains inside information for the purposes of Article 7 of\nthe Market Abuse Regulation (EU) No. 596/2014 as it forms part of United\nKingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as\namended. Upon publication of this news release via a Regulatory Information\nService, such inside information will be considered to be in the public\ndomain.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release contains forward-looking statements and forward-looking\ninformation (within the meaning of those terms under applicable securities\nlaws) with respect to Mkango, MKAR and CPTK, generally identifiable by words\nsuch as \"plans\", \"expects\", \"estimates\", \"intends\", \"anticipates\", \"believes\",\n\"may\", \"could\", \"should\", \"would\" or \"will\", or the negative connotations\nthereof.\n\nForward-looking statements in this news release include, without limitation,\nstatements regarding: the effectiveness of the Amended Form F-4 and the timing\nof the SEC review process; the holding of CPTK's extraordinary general meeting\nand approval of the proposals relating to the Proposed Business Combination;\nthe expected listing of MKAR's common shares and warrants on Nasdaq; the\nexpected timing and completion of the Proposed Business Combination; and the\nstatements in the \"About\" sections regarding the development of Songwe Hill\nand Pulawy, their status as Strategic Projects under the European Union\nCritical Raw Materials Act, the Development Funding from the U.S.\nInternational Development Finance Corporation, the expansion of rare earth\nmagnet recycling and magnet manufacturing operations in the United Kingdom,\nGermany and the United States, and the Remloy plant at Bitterfeld, Germany,\nincluding the complementarity of the Remloy, HyProMag and Mkango UK recycling\nprocesses.\n\nIn making these statements, Mkango, MKAR and CPTK have applied material\nassumptions including: that the SEC will complete its review and declare the\nAmended Form F-4 effective; that required shareholder, stock exchange,\nregulatory and other third party approvals will be obtained; that the\nconditions precedent to closing, including the minimum cash condition, will be\nsatisfied or waived; and that no event will occur giving rise to a right of\ntermination under the Amended and Restated Business Combination Agreement\ndated September 2, 2026. Actual results may vary materially if these\nassumptions prove incorrect.\n\nReaders are cautioned not to place undue reliance on forward-looking\nstatements. Factors and risks that could cause actual results to differ\nmaterially include, without limitation: the failure to complete the Proposed\nBusiness Combination on the terms or within the timeframe contemplated, or at\nall, or by CPTK's business combination deadline, and the failure to obtain any\nextension of that deadline; the failure to satisfy or obtain waiver of the\nconditions precedent to closing, including approval by Mkango and CPTK's\nshareholders, satisfaction of the minimum cash condition following\nredemptions, and receipt of required governmental, regulatory, stock exchange,\ncourt and other third party approvals; the Amended Form F-4 not being declared\neffective; the level of redemptions by CPTK's public shareholders and the cash\navailable on closing; the inability to obtain additional financing on\nfavourable terms, in an amount sufficient to satisfy the minimum cash\ncondition, or at all; the exercise of termination rights under the Amended and\nRestated Business Combination Agreement; the failure to obtain approval for\nlisting on Nasdaq or to maintain the quotation of CPTK's securities on the OTC\nMarkets; volatility in the price of MKAR's securities; market risks, including\nthe price of rare earth materials; the effect of the announcement or pendency\nof the Proposed Business Combination on business relationships and\nperformance; litigation, regulatory proceedings or shareholder actions arising\nin connection with the Proposed Business Combination; the consequences of the\nProposed Business Combination for Mkango's interests in Songwe Hill and Pulawy\nand for Mkango's status on AIM and the TSX-V; and the anticipated benefits of\nthe Proposed Business Combination not being realised in whole or in part.\n\nFurther factors include: the availability of (or delays in obtaining)\nfinancing to develop Songwe Hill and Pulawy and the recycling plants being\ndeveloped by Maginito in the United Kingdom, Germany and the United States;\nthe drawdown and continued availability of the reimbursable Development\nFunding awarded by the U.S. International Development Finance Corporation,\nincluding changes in United States government policy or funding priorities;\nthe retention of Strategic Project status under the European Union Critical\nRaw Materials Act; governmental action and other market effects on global\ndemand and pricing for rare earths; geological, technical, permitting and\nregulatory matters relating to the development of Songwe Hill and Pulawy;\npolitical, fiscal, legal, taxation, currency and other risks associated with\noperating in Malawi, Poland, Germany, the United Kingdom and the United\nStates, and geopolitical impacts on markets and tariffs; the ability to scale\nthe HPMS and chemical recycling technologies to commercial scale; competition\nand the availability of scrap supplies and other feedstock for Maginito's and\nRemloy's recycling activities; the integration of Remloy into the Mkango group\nand the realisation of the anticipated synergies; cost overruns, operational\nhazards and complexities in building and operating the plants; and the results\nof feasibility studies being less favourable than anticipated.\n\nThe foregoing list is not exhaustive. Readers should also consider the risks\ndescribed in CPTK's filings with the SEC, Mkango's filings on SEDAR+, and the\nAmended Form F-4. The forward-looking statements in this news release are made\nas of the date hereof and, except as required by applicable law, none of\nMkango, MKAR or CPTK undertakes any obligation to update or revise them, or to\ncomment on the expectations of, or statements made by, third parties in\nrespect of the matters discussed above.\n\nImportant Information for Investors and Shareholders\n\nIn connection with the Proposed Business Combination, MKAR and CPTK have filed\nthe Amended Form F-4 with the SEC, including a preliminary proxy statement of\nCPTK and a preliminary prospectus of MKAR with respect to the securities to be\noffered in the Proposed Business Combination, a copy of which will also be\nfiled under Mkango's profile on SEDAR+. After the Amended Form F-4 is declared\neffective, CPTK will mail a definitive proxy statement/prospectus to its\nshareholders as of a record date to be established for voting on the Proposed\nBusiness Combination. CPTK urges investors and other interested persons to\nread, when available, the proxy statement/prospectus, as well as other\ndocuments filed with the SEC, because these documents will contain important\ninformation about the Proposed Business Combination. Such persons can also\nread CPTK's filings with the SEC for a description of the security holdings of\nits officers and directors and their respective interests as security holders\nin the consummation of the transactions described herein. The proxy\nstatement/prospectus, once available, can be obtained, without charge, at\nwww.sec.gov and under Mkango's profile on SEDAR+ at www.sedarplus.ca. In\naddition, the documents filed by CPTK may be obtained free of charge by\ndirecting a request to CPTK c/o Michael Minnick, Chief Executive Officer, 40\nWest 57th Street, 29th Floor, New York, NY 10019, or by telephone at (212)\n796-4796.\n\nParticipants in the Solicitation\n\nMKAR and CPTK and their respective directors, executive officers and other\nmembers of their management and employees, under SEC rules, may be deemed to\nbe participants in the solicitation of proxies of CPTK's shareholders in\nconnection with the Proposed Business Combination. Investors and security\nholders may obtain more detailed information regarding the names, affiliations\nand interests of CPTK's directors and officers in CPTK's SEC filings.\nInformation regarding the persons who may, under SEC rules, be deemed\nparticipants in the solicitation of proxies to CPTK's shareholders in\nconnection with the Proposed Business Combination will be set forth in the\nproxy statement/prospectus for the Proposed Business Combination when\navailable. Information concerning the interests of MKAR's and CPTK's\nparticipants in the solicitation, which may, in some cases, be different than\nthose of their respective equity holders generally, will be set forth in the\nproxy statement/prospectus relating to the Proposed Business Combination when\nit becomes available.\n\nNo Offer or Solicitation\n\nThis news release shall not constitute a solicitation of a proxy, consent, or\nauthorization with respect to any securities or in respect of the Proposed\nBusiness Combination. This news release shall also not constitute an offer to\nsell or the solicitation of an offer to buy any securities, nor shall there be\nany sale of securities in any states or jurisdictions in which such offer,\nsolicitation, or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. No offering of securities\nshall be made except by means of a prospectus meeting the requirements of\nSection 10 of the Securities Act of 1933, as amended, or an exemption\ntherefrom.\n\nFor further information on Mkango, please contact:\n\nMkango Magnetic Materials Limited\nAlexander Lemon\nPresident\nalex@mkango.ca\n\nWilliam Dawes\nChief Executive Officer\nwill@mkango.ca\n\nUK: +44 20 7372 2744\nwww.mkango.ca\n@MkangoResources\n\nSP Angel Corporate Finance LLP\nNominated Adviser and Joint Broker\nCaroline Rowe, Jen Clarke, Devik Mehta\nUK: +44 20 3470 0470\n\nCavendish Capital Markets Limited\nJoint Broker\nNeil McDonald, Pearl Kellie\nUK: +44 20 7330 0500\n\nH&P Advisory Limited\nJoint Broker\nAndrew Chubb, Leif Powis\nUK: +44 20 7907 8500\n\nCohen Capital\nStrategic and Financial Adviser\nBrandon Sun\nUSA: +1 929 432 1254\n\nWelsbach Corporate Solutions LLC-FZ\nSupply Chain Advisor and Financial and Capital Markets Advisor\nDaniel Mamadou\nSG: +65 6879 7107\n\nFor further information on CPTK, please contact:\n\nCrown PropTech Acquisitions\nMichael Minnick, Chief Executive Officer - mm@crownproptech.com\nUSA: (212) 796-4796 | www.crownproptech.com\n\nDisclaimer\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this news release. The TSX\nVenture Exchange has neither approved nor disapproved the contents of this\nnews release.\n\nThis news release shall not constitute an offer to sell, or a solicitation of\nan offer to buy, or a recommendation to purchase, any securities in any\njurisdiction, or the solicitation of any vote, consent or approval in any\njurisdiction in connection with the Proposed Business Combination, nor shall\nthere be any sale, issuance or transfer of any securities in any jurisdiction\nwhere, or to any person to whom, such offer, solicitation or sale may be\nunlawful. This news release does not constitute either advice or a\nrecommendation regarding any securities.\n\nThis information is provided by RNS, the news service of the London Stock\nExchange. RNS is approved by the Financial Conduct Authority to act as a\nPrimary Information Provider in the United Kingdom. Terms and conditions\nrelating to the use and distribution of this information may apply. For\nfurther information, please contact rns@lseg.com or visit www.rns.com.\n\nSOURCE: Mkango Magnetic Materials Limited\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/mkango-magnetic-materials-limited-announces-filing-of-amended-form-f-4-1242306)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-10-27T07:30:00.999169745Z","server_sent_at_ms":1793086200999},"received_at":"2026-10-27T07:30:01.186Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/mkango-magnetic-materials-limited-announces-filing-of-amended-form-f-4-1242306"},"analysis":{"id":"168365","press_release_id":"180525","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["SPAC deal still not effective; SEC review and shareholder approval outstanding","minimum cash condition subject to redemption risk by CPTK public shareholders","deal may not close by CPTK's business combination deadline"],"eventType":"m_and_a","narrative":"Mkango Rare Earths Limited filed a further amended Form F-4 with the SEC on October 26, 2026, advancing the proposed business combination with Crown PropTech Acquisitions (CPTK) first announced in July 2025.\n\nThe amendment includes a revised technical report summary on the Songwe Hill rare earths project in Malawi; mineral resource and reserve estimates and economic results remain unchanged from prior filings.\n\nSubject to SEC effectiveness and CPTK shareholder approval, MKAR shares and warrants are expected to list on Nasdaq under \"MKAR\" and \"MKARW\".","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine F-4 amendment keeps Mkango/CPTK SPAC merger on track toward a Nasdaq rare earths listing — no change to project economics."},"keyFigures":{"customDimensions":{"dfc_funding_usd":4600000,"expected_listing":"Nasdaq under MKAR/MKARW","maginito_ownership":"79.4% Mkango / 20.6% CoTec"}},"namedEntities":{"people":[{"name":"Michael Minnick","role":"CEO of Crown PropTech Acquisitions"},{"name":"Alexander Lemon","role":"President of Mkango"},{"name":"William Dawes","role":"CEO of Mkango"}],"products":["Songwe Hill Rare Earth Element Project","Pulawy rare earths separation plant","HyProMag","Remloy"],"companies":[{"name":"Mkango Magnetic Materials Limited","ticker":"MKA.L","relationship":"parent of filer's merger counterparty"},{"name":"Mkango Rare Earths Limited","ticker":"MKAR","relationship":"SPAC merger target (subsidiary of Mkango)"},{"name":"Crown PropTech Acquisitions","ticker":"CPTKW","relationship":"SPAC acquirer (filer)"},{"name":"CoTec Holdings Ltd","relationship":"minority partner in Maginito"}],"dollarAmounts":[{"amount":"US$4.6 million","context":"DFC reimbursable funding for Songwe Hill FEED"}]},"materialImpact":{"score":2,"reasoning":"A procedural filing update in the pending MKAR/CPTK SPAC business combination — an amended Form F-4 with a revised technical report, with no change to resource estimates or economics. The deal was announced July 2025; this is SEC review progress, not new deal terms."},"tickerRelevance":{"others":[{"ticker":"MKA.L","relevance":"parent of merger target"},{"ticker":"MKAR","relevance":"target / expected Nasdaq listing symbol"}],"primary":"CPTKW"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":["regulatory"],"importanceComponents":{"dealStatus":"pending since July 2025","tickerTier":"micro-cap SPAC warrant","eventGravity":"procedural regulatory filing in pending M&A","sectorWeight":"rare earths / critical minerals (elevated thematic interest)"}},"event_type":"m_and_a","event_type_secondary":["regulatory"],"sentiment":"bullish","material_impact_score":2,"narrative":"Mkango Rare Earths Limited filed a further amended Form F-4 with the SEC on October 26, 2026, advancing the proposed business combination with Crown PropTech Acquisitions (CPTK) first announced in July 2025.\n\nThe amendment includes a revised technical report summary on the Songwe Hill rare earths project in Malawi; mineral resource and reserve estimates and economic results remain unchanged from prior filings.\n\nSubject to SEC effectiveness and CPTK shareholder approval, MKAR shares and warrants are expected to list on Nasdaq under \"MKAR\" and \"MKARW\".","key_figures":{"customDimensions":{"dfc_funding_usd":4600000,"expected_listing":"Nasdaq under MKAR/MKARW","maginito_ownership":"79.4% Mkango / 20.6% CoTec"}},"named_entities":{"people":[{"name":"Michael Minnick","role":"CEO of Crown PropTech Acquisitions"},{"name":"Alexander Lemon","role":"President of Mkango"},{"name":"William Dawes","role":"CEO of Mkango"}],"products":["Songwe Hill Rare Earth Element Project","Pulawy rare earths separation plant","HyProMag","Remloy"],"companies":[{"name":"Mkango Magnetic Materials Limited","ticker":"MKA.L","relationship":"parent of filer's merger counterparty"},{"name":"Mkango Rare Earths Limited","ticker":"MKAR","relationship":"SPAC merger target (subsidiary of Mkango)"},{"name":"Crown PropTech Acquisitions","ticker":"CPTKW","relationship":"SPAC acquirer (filer)"},{"name":"CoTec Holdings Ltd","relationship":"minority partner in Maginito"}],"dollarAmounts":[{"amount":"US$4.6 million","context":"DFC reimbursable funding for Songwe Hill FEED"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-27T07:30:12.068Z","global_importance":25,"audience_relevance":15,"importance_components":{"dealStatus":"pending since July 2025","tickerTier":"micro-cap SPAC warrant","eventGravity":"procedural regulatory filing in pending M&A","sectorWeight":"rare earths / critical minerals (elevated thematic interest)"}},"durationMs":9734,"modelName":"glm-5.3-flashx"}}