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flag Lindian Resources now fully owns Malawi’s Kangankunde rare earths project, securing a key non-Chinese supply amid rising global demand.

flag Lindian Resources has completed full ownership of its Kangankunde rare earths project in Malawi by paying $10 million early to acquire the remaining 33% stake, finishing the $30 million deal ahead of the 2026 deadline. flag The project, noted for its high-grade, non-radioactive rare earths and 55% TREO concentrate potential, is now fully funded through a $91.5 million institutional placement and support from Petra Capital. flag A 15-year offtake agreement with Iluka Resources for 6,000 tonnes of concentrate annually strengthens its market position. flag With government and community backing, infrastructure in place, and growing demand for neodymium-praseodymium, Kangankunde is emerging as a key non-Chinese rare earth source amid global supply concerns.

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