Lindian Resources Limited (AU:LIN) has released an update.
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Lindian Resources Limited (ASX: LIN) finds itself in a legal dispute after a claim was unexpectedly discovered on social media, originating from Deep Blue Sea Limited regarding past discussions on a potential acquisition. Despite previous settlement with Rift Valley Developments Ltd, Lindian maintains that Deep Blue Sea Limited has no entitlement related to the finalized 2022 transaction. This litigation situation could impact investor sentiment, as Lindian continues its mission to develop its rare earths and bauxite assets in Africa.
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