American Rare Earths Lists on NYSE, Raises $63.3M for Heavy Rare Earth Projects

[SMM Rare Earth News Flash] ASX-listed Lindian Resources announced significant progress in the construction of its Kangankunde rare earth project in Malawi. Civil and foundation works for the beneficiation plant have commenced, and infrastructure construction including the 30,000-volt power line and transport roads continues to advance. The project remains on track as planned, with front-end commissioning expected in October and first production targeted for Q4 2026.

[SMM Rare Earth News Flash] US rare earth producer MP Materials reported Q1 2026 results: Pr-Nd oxide production was 917 mt, up 63% YoY; sales were 1,006 mt, including the first shipment to its newest US client. During the same period, the company produced nearly 13,000 mt of rare earth oxides. The company expects the actual Pr-Nd oxide price in Q2 to be approximately $90/kg, but its public-private partnership with the US Department of National Defense will cover the gap to the $110/kg lowest price. Q1 revenue was $91 million, with losses narrowing to $8 million.