Lindian Resources Advances with Share Issuance and Project Developments

Lindian Resources Limited ( (AU:LIN) ) has issued an update.

Lindian Resources Limited has issued 10 million fully paid ordinary shares following the conversion of options, as per the Corporations Act 2001. This move aligns with the company’s compliance with relevant legal provisions and supports its strategic focus on advancing the Kangankunde Rare Earths Project, which is set to begin construction in the first half of 2025. The project is expected to enhance Lindian’s position in the rare earths industry, backed by strong community and government support and existing infrastructure.

The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.63 price target. To see the full list of analyst forecasts on Lindian Resources Limited stock, see the AU:LIN Stock Forecast page.

More about Lindian Resources Limited

Lindian Resources Limited is an Australian-based company focused on developing world-class rare earths and bauxite assets in Malawi and Guinea. The company’s flagship project, the Kangankunde Rare Earths Project in Malawi, is poised to become a significant player in the critical minerals market, producing a high-grade monazite concentrate with low operating costs. Lindian also holds bauxite assets in Guinea and Tanzania.

Average Trading Volume: 1,975,592

Technical Sentiment Signal: Buy

Current Market Cap: A$149.9M

For an in-depth examination of LIN stock, go to TipRanks’ Stock Analysis page.