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Lindian Resources Limited ( (AU:LIN) ) has shared an update.
Lindian Resources Limited has announced the issuance of 250,000 fully paid ordinary shares related to the vesting of performance rights. This step reflects Lindian’s compliance with relevant statutory obligations, while maintaining transparency and adhering to continuous disclosure requirements. The company’s strategic focus remains on advancing its Kangankunde Rare Earths Project in Malawi, with potential expansion and financing discussions underway, positioning it as a key player in the critical minerals market.
More about Lindian Resources Limited
Lindian Resources Limited (ASX: LIN) is an Australian-based company specializing in rare earths and bauxite assets primarily located in Malawi and Guinea. The company’s flagship project is the Kangankunde Rare Earths Project in Malawi, known for its high-grade rare earth oxide (REO) and low impurity levels. Lindian aims to be a globally significant producer of critical minerals, with strong infrastructure and government support for its projects.
YTD Price Performance: 14.00%
Average Trading Volume: 15,364
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €65.9M
For a thorough assessment of LIN stock, go to TipRanks’ Stock Analysis page.
