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The latest update is out from Lindian Resources Limited ( (AU:LIN) ).
Lindian Resources Limited has secured A$91.5 million through a two-tranche institutional placement, which was oversubscribed, indicating strong investor interest. This funding allows the company to proceed with the full development of Stage 1 of the Kangankunde Rare Earths Project, with production expected by Q4 2026. The placement also supports increasing ownership of the project to 100% and advancing engineering works for future expansion, positioning Lindian as a significant player in the rare earths market.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.93 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 a company operating in the mining industry, focusing on rare earth elements. The company is engaged in the development of the Kangankunde Rare Earths Project in Malawi, aiming to enhance its market presence in the rare earths sector.
Average Trading Volume: 4,049,387
Technical Sentiment Signal: Buy
Current Market Cap: A$266.3M
See more data about LIN stock on TipRanks’ Stock Analysis page.