--News Direct--

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

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/lindian-resources-raises-9-million-to-accelerate-rare-earths-concentrate-production-plant-529077579