Lindian Resources secures a binding 30,000dmt offtake agreement for its Kangankunde project, ensuring full Stage 1 capacity allocation ahead of December 2026 production and January 2027 shipping.
A binding offtake term sheet for 30,000dmt of Monazite Concentrate (10,000dmt Stage 1 plus 20,000dmt Stage 2) fully allocates Kangankunde Stage 1 capacity ahead of first production in December 2026, with first sea freight from Nacala Port in January 2027. Locking in diversified, market-linked-priced customers with 45,000dmt of Stage 2 volumes de-risks future revenue and supports the shares.
Lindian Resources has signed a binding offtake term sheet with a major rare earths refining group for 30,000 dry metric tonnes of Monazite Concentrate. The agreement covers 10,000dmt for Stage 1 and 20,000dmt for Stage 2, fully allocating Stage 1 capacity ahead of the project's December 2026 production start. First shipments are scheduled to depart from Nacala Port in January 2027.
Its Singapore subsidiary has signed a binding offtake term sheet for 30,000 dry metric tonnes per year of Monazite Concentrate from the Kangankunde project - 10,000dmt for Stage 1 and 20,000dmt for Stage 2 - with a major rare earths refining group.
First production at Kangankunde is expected in December 2026, with the first container sea freight from Nacala Port in January 2027 and monthly deliveries thereafter.