SMH ·general ·2 hours ago

Lindian lands A$16M local funding for Malawian rare earths build

Lindian Resources secured A$16 million in funding for its Kangankunde rare earths project in Malawi, with NBS Bank approving a US$11.635 million facility. The financing includes A$6.62 million for equipment and A$10 million in working capital. This injection supports local procurement and strengthens Lindian's strategy as it progresses toward production starting in 2026.

Summary by Glance · SMH

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