Lindian raises A$100m for Kangankunde, Kazakhstan projects
ASX-listed Lindian Resources has received firm commitments to raise about A$100-million through a single-tranche placement to institutional investors and strategic critical minerals funds to advance its Kangankunde project, in Malawi, and to complete integration of the Sareco mixed rare earth carbonite (MREC) facility, in Kazakhstan. The company will issue about 133.33-million new fully paid ordinary shares at an issue price of A$0.75 per new share.
