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Lindian Raises A$91.5M, Greenlights Kangankunde Rare Earths Mine Construction
8:24pm on Friday 29th of August, 2025 AEST
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Mining
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Lindian Raises A$91.5M, Greenlights Kangankunde Rare Earths Mine Construction
8:24pm on Friday 29th of August, 2025 AEST
Key Points
A$91.5 million raised via two-tranche institutional placement at A$0.21 per share
Final Investment Decision approved for Kangankunde Stage 1 with full funding secured
Strategic partnership with Iluka Resources includes US$20 million loan and 15-year offtake agreement
Stage 2 mining licence expansion approved, targeting production increase to 50,000 tonnes per annum
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Lindian Resources (ASX:LIN)
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