DFC provides project development funding to Lancaster Exploration Limited for Songwe Hills Rare Earths mine in Malawi

Type: Financing · Technology: Mining · Country: Malawi · Announced: 2026-03-17

DFC is providing project development support to Lancaster Exploration Limited, a subsidiary of Mkango Resources of Canada, for the development of the Songwe Hills Rare Earths mine in Malawi. This landmark project aims to advance rare earths supply chains that are decoupled from strategic adversaries. The financing will help establish a new source of critical minerals, reducing reliance on existing supply chains. This investment aligns with DFC's broader strategy to strengthen critical mineral supply chains and protect the U.S. and its allies from economic coercion.

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