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Southern Alliance Mining Attracts Malaysian King's S$6.1 Million Investment as MCRE Climbs Heavy Rare Earth Rankings

Oct 12, 2026

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Highlights

  • Malaysia's King Sultan Ibrahim acquired 2.25% of Southern Alliance Mining for S$6.1 million at an 11.84% premium to market price
  • MCRE Resources generated RM132.1 million in rare-earth revenue and RM58.4 million in attributable EBITDA for SAM in FY2026
  • REEx ranks SAM/MCRE fifth worldwide in its proprietary heavy rare earth asset assessment, up from sixth place
  • SAM received no proceeds from the transaction as shares were sold by Managing Director Dato' Sri Pek Kok Sam
  • China's control over downstream processing remains the critical vulnerability despite royal investment and Malaysian export pathway developments

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Companies

Southern Alliance Mining

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ChinaMalaysiaUnited States

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By Daniel

Inspired to launch Rare Earth Exchanges in part due to his lifelong passion for geology and mineralogy, and patriotism, to ensure America and free market economies develop their own rare earth and critical mineral supply chains.

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Malaysia's King Sultan Ibrahim invests S$6.1M in Southern Alliance Mining, now ranked 5th globally in heavy rare earths, but China processing dependence (read full article...)

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