Sovereign Metals sees value uplift from rare earths at Kasiya project

Mining Written by: Jamie Ashcroft 07:21 Wed 09 Sep 2026 --> Proactive has a commercial relationship with Sovereign Metals Ltd. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Sovereign Metals Ltd ( ASX:SVM OTCQX:SVMLF AIM:SVML ) View Price & Profile Sovereign Metals sees value uplift from rare earths at Kasiya project Published: 07:21 09 Sep 2026 BST Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) said adding rare earth recovery to its Kasiya project in Malawi could generate an incremental US$722 million pre-tax NPV, for around US$29 million of capital to first production. A scoping study estimated a 151% pre-tax internal rate of return and payback of about 1.5 years, with the proposed circuit recovering monazite from mineral streams already generated by the rutile and graphite processing flowsheet. At steady state, Sovereign expects the operation could produce around 2,626 tonnes a year of rare earth concentrate containing 1,485 tonnes of total rare earth oxides. This includes around 310 tonnes of neodymium-praseodymium oxides, 36 tonnes of dysprosium and terbium and 193 tonnes of yttrium. Incremental steady-state EBITDA is estimated at around US$84 million a year, while site operating costs are put at roughly US$0.90 per kilogram of concentrate, giving an estimated operating margin of around 90%. The study remains preliminary, with an accuracy range of ±30% and does not establish additional Ore Reserves or provide assurance of an economic development case. Sovereign will now undertake variability testwork, product qualification and marketing work, including potential offtake discussions, ahead of a rare earths pre-feasibility study targeted for 2027. Continue reading