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The latest announcement is out from Lindian Resources Limited ( (AU:LIN) ).
Lindian Resources Limited has announced significant progress in the development and financing of its Kangankunde Rare Earths Project in Malawi. The company has received multiple funding proposals, including a US$30 million loan facility from Ecobank Malawi, and is advancing preconstruction and site works ahead of schedule. The project is strategically positioned to supply critical minerals needed for global electrification and energy transition, with strong interest from international markets. The company has also implemented corporate cost disciplines to streamline operations and ensure efficient project delivery.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.69 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 an Australian company operating in the mining industry, focusing on the development of rare earth projects. The company is primarily engaged in the extraction and production of rare earth elements, with a significant focus on the Kangankunde Rare Earths Project in Malawi.
Average Trading Volume: 1,571,970
Technical Sentiment Signal: Hold
Current Market Cap: A$126.8M
For a thorough assessment of LIN stock, go to TipRanks’ Stock Analysis page.