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Rare earth company Lindian Resources to receive $35 million investment

Kitco Media
By Kitco News
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Lindian Resources (ASX:LIN) said yesterday it received binding commitments for a $35 million investment.

Placement will be 106.06 million shares at 33 cents per share to raise $35 million.

Lindian Resources is advancing its Kangankunde rare earths project in Malawi. The company describes the project as globally significant in grade, quality and size. The project hosts carbonite intrusive with outstanding grades of up to 23.7% total rare earth oxide.

Kangankunde sits on top of what used to be a large sunken volcano.

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