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Lindian Resources now fully owns Malawi’s Kangankunde rare earths project, securing a key non-Chinese supply amid rising global demand.
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.
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.
A 15-year offtake agreement with Iluka Resources for 6,000 tonnes of concentrate annually strengthens its market position.
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.
Lindian Resources ahora posee por completo el proyecto de tierras raras Kangankunde de Malawi, asegurando un suministro clave no chino en medio de una creciente demanda mundial.