Lindian Resources Limited ( (AU:LIN) ) just unveiled an announcement.
Lindian Resources Limited reported an unauthorized security breach at its Kangankunde Rare Earths Project in Malawi, involving individuals attempting to collect geological samples without permission. This incident highlights the strategic importance of the project amid global geopolitical tensions, particularly between the United States and China, concerning rare earths supply. Lindian is actively cooperating with authorities to maintain site security and protect stakeholder interests, emphasizing the project’s critical role in the global supply chain.
More about Lindian Resources Limited
Lindian Resources Limited is an Australian-based company focusing on the development of world-class rare earths and bauxite assets located in Malawi and Guinea. The company’s flagship project is the Kangankunde Rare Earths Project in Malawi, recognized for its high-grade rare earth oxide (REO) content and minimal impurities. Lindian aims to become a significant player in the critical minerals market, with plans to commence construction of the Kangankunde project in the first half of 2025.
YTD Price Performance: 42.55%
Technical Sentiment Signal: Hold
Current Market Cap: €77.73M
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