Sovereign Metals says Malawi rare earth recovery could add $722 million NPV

Sep 9, 2026 03:12 (46d ago)

Sovereign Metals said Kasiya could add a rare earth recovery circuit.
$84 million is the estimated annual EBITDA increase from the proposed circuit.
The expansion carries an estimated incremental pre-tax NPV of $722 million.

Sovereign Metals said a scoping study found that adding a rare earth recovery circuit to its Kasiya project in Malawi could generate an incremental pre-tax net present value of $722 million and increase annual EBITDA by $84 million. The proposed circuit would recover monazite concentrate from project processing. The company said the expansion would require about $29 million in capital to reach production.