Kangankunde Rare Earths Project Acquisition Completed by Lindian

Lindian Strengthens Position With Full Kangankunde Rare Earths Project Acquisition

The Kangankunde Rare Earths Project Acquisition marks a major leap for Lindian Resources as the company secures 100% control of one of the world’s most significant rare earth deposits. Lindian paid the final US$10 million tranche to acquire Rift Valley Resource Developments (RVRD), the Malawian entity that owns the high-grade Kangankunde project. As a result, Lindian now holds complete legal and beneficial ownership, giving the company direct authority over all operational and strategic decisions.

Lindian advanced the payment ahead of schedule after completing legal, tax, and accounting due diligence. Meanwhile, the company noted that this early execution streamlines its development timeline and reinforces its long-term strategy for rare earths supply growth. The original agreement, signed in August 2022, totalled US$30 million across four tranches, all of which Lindian has now delivered ahead of the 2026 deadline.

Kangankunde Rare Earths Project Acquisition Unlocks Strategic Control

The completion of the Kangankunde Rare Earths Project Acquisition also consolidates Lindian’s structure as stage one construction advances. This structure provides alignment for operational entities and ensures smooth progress toward first production. Furthermore, Kangankunde remains one of the world’s highest-grade rare earth projects, positioning Lindian as a key emerging player in the critical minerals sector.

Lindian executive chairman Robert Martin highlighted the significance of reaching full ownership, noting that the acquisition strengthens planning for both near-term construction and long-term project development. Additionally, Lindian recently secured approval to extend the Kangankunde mining licence from 900 hectares to 2,500 hectares, expanding its operational footprint and resource potential.

Lindian Targets Rapid Development Across Expanded Tenement Area

Lindian now accelerates work programs across the expanded licence area as it pushes toward early-stage production. The company expects the Kangankunde asset to support high-volume rare earth oxide output, particularly for magnet-related materials that remain in strong global demand. Moreover, the project’s scale and grade position it as a future cornerstone asset for global supply chains seeking stable and non-China aligned feedstock.

SuperMetalPrice Commentary:

SuperMetalPrice views the Kangankunde Rare Earths Project Acquisition as a decisive move that strengthens Lindian’s position within the global rare earth industry. Full ownership provides faster decision-making, enhanced project financing potential, and a cleaner pathway to first production. As supply chains diversify away from concentrated sources, Kangankunde may emerge as a strategic asset for manufacturers in EVs, wind turbines, and advanced electronics. Market watchers should monitor upcoming construction and production milestones closely, as the project’s scale could shift rare earth market dynamics.