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Lindian Resources Partners with Iluka for Strategic Growth in Rare Earths

Story Highlights
  • Lindian Resources partners with Iluka for a US$20 million loan and 15-year offtake agreement.
  • The partnership strengthens Lindian’s position in rare earths and supports future growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lindian Resources Partners with Iluka for Strategic Growth in Rare Earths

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Iluka Resources Limited ( (AU:ILU) ) has provided an update.

Lindian Resources Limited, a company focused on rare earth projects, has entered into a strategic partnership with Iluka Resources. This partnership includes a US$20 million construction term loan and a 15-year offtake agreement for rare earth monazite concentrate from Lindian’s Kangankunde project. This agreement strengthens Lindian’s position in the rare earth industry by securing long-term revenue and aligning with Western Australia’s strategic hub for rare-earth processing. The partnership also includes a right of first refusal for Iluka on future production expansions, providing a foundation for further growth.

The most recent analyst rating on (AU:ILU) stock is a Buy with a A$4.65 price target. To see the full list of analyst forecasts on Iluka Resources Limited stock, see the AU:ILU Stock Forecast page.

More about Iluka Resources Limited

Average Trading Volume: 4,907,245

Technical Sentiment Signal: Sell

Current Market Cap: A$2.24B

Learn more about ILU stock on TipRanks’ Stock Analysis page.

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