Maginito Limited & Mkango Resources — Mkango Rare Earths UK Limited

Maginito Limited: Maginito Limited, owned by Novo Resources, holds interests in HyProMag and Mkango Resources — Mkango Rare Earths UK Limited, and is central to Novo Resources' strategy in rare earth magnet recycling.

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.

Maginito Limited: Maginito Limited is 79.4% owned by Novo Resources and holds interests in HyProMag GmbH, HyProMag Limited, and Mkango Resources — Mkango Rare Earths UK Limited, playing a central role in Mkango's recycling strategy.

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.

Maginito Limited: Maginito Limited is a subsidiary of Novo Resources, focused on rare earth magnet recycling, and will benefit from the fundraise proceeds for growth initiatives.

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.