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Lindian Resources Secures A$91.5M to Fully Fund Kangankunde Rare Earths Project
7:01am on Tuesday 9th of September, 2025 AEST
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Lindian Resources Secures A$91.5M to Fully Fund Kangankunde Rare Earths Project
7:01am on Tuesday 9th of September, 2025 AEST
Key Points
A$91.5 million two-tranche institutional placement approved
435.7 million new shares issued at A$0.21, a 48% premium to VWAP
Funds fully cover Stage 1 capital costs and Stage 2 expansion engineering
Placement proceeds to increase ownership of Kangankunde to 100%
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Lindian Resources (ASX:LIN)
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