Lindian Fully Acquires Kangankunde Rare Earths Project
Update: 2025-12-10
Description
Lindian Resources Limited has fully acquired the Kangankunde rare earths project in Malawi, Africa, ahead of schedule. The company made an early payment of ten million US dollars to the Malawian vendor, Rift Valley Resource Developments Limited, bringing its ownership to one hundred percent. This move simplifies project governance and demonstrates Lindians strong financial position and confidence in the projects timeline. The Kangankunde project is recognized for its large scale, high rare earths grade, and non-radioactive minerals, positioning it as a significant new source of rare earths outside of China. Lindian has also secured additional financial certainty with Petra Capital underwriting the remaining expiring options for five million Australian dollars.
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