Critical Metals-led consortium reaches final round of Kenya tender for Mrima Hill rare earths, niobium project
CRML•Funding and development plans
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.
Consortium reaches final round in Kenya tender
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.
