Lindian Resources secures rare earths offtake for Malawi project

Lindian Resources has signed a binding offtake term sheet for 30,000 tonnes per annum of monazite concentrate from its Kangankunde rare earths project in Malawi. The agreement, executed through its Singapore-based subsidiary Lindian Global Rare Earths, involves two phases: an initial 10,000 dry metric tonnes over one year, followed by 20,000 tonnes per year for five years.

The first shipments are scheduled to depart from Nacala Port in Mozambique in January 2027. This deal adds a major global refining group to Lindian’s existing customer base, which includes Iluka Resources in Australia and the French group Carester.

The Kangankunde project produces high-grade concentrate with a 55% Total Rare Earth Oxide grade. Lindian aims to establish the project as a low-cost global producer, with Stage 1 capacity already fully allocated among its offtake partners and its SARECO processing facility in Kazakhstan.