Lindian Resources Issues Shares, Advances Rare Earths Project

Lindian Resources Limited ( (AU:LIN) ) just unveiled an update.

Lindian Resources Limited announced the issuance of 250,000 fully paid ordinary shares following the vesting of performance rights. This move aligns with the company’s compliance with relevant sections of the Corporations Act, ensuring transparency and adherence to disclosure requirements. The announcement underscores Lindian’s ongoing strategic developments as it advances towards commencing construction of its Kangankunde Rare Earths Project, positioning itself as a significant player in the global critical minerals market.

The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.69 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 with significant rare earths and bauxite assets located in Malawi and Guinea. The company aims to become a leading producer of critical minerals, with its Kangankunde Rare Earths Project in Malawi being a key asset. This project is notable for its financial viability and high-grade monazite concentrate production, supported by strong infrastructure and community backing.

Average Trading Volume: 1,961,038

Technical Sentiment Signal: Hold

Current Market Cap: A$138.4M

For a thorough assessment of LIN stock, go to TipRanks’ Stock Analysis page.