Critical Metals reaches final round of Kenya tender for Mrima Hill rare earth, 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.
• Mrima Earth Limited Consortium, led by Critical Metals, was shortlisted as one of three American finalists from seven bidders.
• Mrima Hill is positioned on Kenya’s southern coast with access to the Port of Mombasa.
• The consortium cited combined market capitalization of about US$ 1.5 billion, cash reserves above US$ 400 million.
• Development plan targets faster first production, moving from concentrate to separated oxides, then NdPr magnet manufacturing.

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