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In this paper, we discuss the time-fractional mKdV-ZK equation, which is a kind of physical model, developed for plasma of hot and cool electrons and some fluid ions. Based on the properties of certain employed truncated M-fractional derivatives, we reduce the time-fractional mKdV-ZK equation to an integer-order ordinary differential equation utilizing an adequate traveling wave transformation. Further, we derive a dynamical system to present bifurcation of the equation equilibria and show existence of solitary and kink singular wave solutions for the time-fractional mKdV-ZK equation. Furthermore, we establish symmetric solitary, kink, and singular wave solutions for the governing model by using the ansatz method. Moreover, we depict desired results at different physical parameter values to provide physical interpolations for the aforementioned equation. Finally, we introduce applications of the governing model in detail.