Critical Metals-led consortium reaches final round of Kenya tender for Mrima Hill rare earths, niobium project

• Critical Metals advanced to the final round of Kenya’s tender to develop the Mrima Hill rare earth and niobium project in Kwale County.
• The consortium is one of three finalists for the development rights to the deposit, seen as a major undeveloped rare earth resource.
• Mrima Hill’s coastal location offers access to the Port of Mombasa, supporting export logistics and potential downstream processing.
• The group cited combined market value of about USD 1.5 billion, cash above USD 400 million, backing funding through Phase 1 construction.
• The bid targets an accelerated build and a move into separated rare earth oxides, with an eventual aim to produce NdPr magnets.

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