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Lindian Resources Limited ( (AU:LIN) ) just unveiled an announcement.
Lindian Resources Limited has announced several key developments in its corporate and project activities. The company is progressing with a US$50 million funding agreement with Gerald Group to support its Kangankunde Rare Earths Project, with due diligence and site visits underway. Optimizations to the process plant flowsheet are nearing completion, and the awarding of a design and construction contract is imminent. Additionally, Lindian has completed construction of the site administration office and received regulatory approvals for road access, which will enhance project infrastructure. However, the company is also dealing with legal claims from Deep Blue Sea Limited, which Lindian refutes as baseless, and has filed responses in the Malawi High Court.
More about Lindian Resources Limited
Lindian Resources Limited is an Australian mining company engaged in the exploration and development of rare earth elements, with a market focus on the Kangankunde Rare Earths Project in Malawi.
YTD Price Performance: 6.38%
Average Trading Volume: 22,500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €62.86M
Learn more about LIN stock on TipRanks’ Stock Analysis page.
