Frontier Rare Earths Signs Agreement with Carester and Secures $20M from IDC for Zandkopsdrift Project
STRATEGIC MINERALS
Frontier Rare Earths Ltd. has signed a Technology Supply Agreement with Carester SAS for the Zandkopsdrift magnet rare earths and battery grade manganese project in South Africa. The company received a US$20 million equity investment from the Industrial Development Corporation of South Africa to fund a Definitive Feasibility Study (DFS). The project aims for first production by 2030 and is designated as an EU Strategic Project, with multiple potential EU funding pathways being evaluated.

Feb 7, 2026, 6:05 AM