Lindian Resources Limited (AU:LIN) has released an update.
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Lindian Resources faces a potential board shake-up as Kabunga Holdings, a significant shareholder, calls for a meeting to reconstitute the board, potentially breaching the legal requirement for the minimum number of directors. Meanwhile, the company is negotiating a $50 million funding deal to support its Kangankunde Rare Earths Project in Malawi, underscoring the importance of stability in its leadership for investor confidence.
For further insights into AU:LIN stock, check out TipRanks’ Stock Analysis page.