Latest Malawi News

Bastion Minerals has appointed Allister Caird as CEO and Dr Julian Stephens as Chief of Exploration and Strategy, signaling a strategic push to advance its Canadian copper projects with seasoned leadership.

Lindian Resources has awarded a $1.3 million contract to Mota-Engil for the construction of a critical access road at its Kangankunde Rare Earths Project in Malawi, marking a key milestone in project development and local infrastructure enhancement.

NGX Limited has developed an innovative process that converts previously discarded graphite fines into high-value spherical graphite, significantly enhancing production yields and the economic potential of its Malingunde Graphite Project.

Globe Metals & Mining has reached a pivotal funding milestone with a US$10 million convertible loan agreement, propelling the Kanyika Niobium Project closer to development. The updated feasibility study remains on track for completion by March/April 2025, underpinning the project's execution phase.

Chilwa Minerals has completed a major drilling program at its Mposa deposit and launched a dual commodity strategy targeting both heavy mineral sands and rare earth elements, supported by a fresh $6 million capital raise.

Globe Metals & Mining has obtained a $1.2 million unsecured loan from Director Bo Tan to support working capital and progress its Kanyika Niobium Project feasibility study without diluting shareholders.

Lotus Resources has fast-tracked the restart of its Kayelekera uranium project in Malawi, targeting production by Q3 2025, backed by a $132 million capital raise. Meanwhile, its Letlhakane project in Botswana reports a 65% increase in measured and indicated uranium resources.

Sovereign Metals has delivered an Optimised Prefeasibility Study reaffirming Kasiya’s status as a globally significant rutile and graphite project, alongside advancing rehabilitation efforts and positive graphite test results.

NGX Limited reports significant progress in its uranium exploration in Namibia and graphite development in Malawi, alongside strategic leadership changes and a strong financial position.

DY6 Metals reports encouraging metallurgical sampling results at its Tundulu rare earths project alongside strategic cost reductions and a successful loyalty options offer, positioning the company for focused exploration in Malawi.

Lindian Resources has secured a US$50 million non-binding funding term sheet with Gerald Group, progressing its Kangankunde Rare Earths Project, while also signing a 10-year lease for its Woula bauxite project in Guinea and navigating significant board changes.

Lotus Resources has locked in US$38.5 million in financing to support the restart and ramp-up of its Kayelekera uranium project in Malawi, targeting positive cash flow by Q3 2025.