Lindian Resources raises $9 million to accelerate rare earths concentrate production plant
News release
by
Lindian Resources Ltd
Melbourne, Victoria
|
March 27, 2023 03:00 PM Eastern Daylight Time
Lindian Resources Ltd (ASX:LIN) CEO Alistair Stephens tells Proactive the company has raised $8.5 million (before costs) through a non-brokered private placement. A binding commitment from executive chairman Asimwe Kabunga for an additional $500,000 shows management’s confidence in the program and takes the total placement value to $9 million. Funds will go towards rapid progression of plans for a Stage 1 rare earths concentrate processing facility at its fully permitted, Kangankunde Rare Earths Project in Malawi.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
