{"id":33053,"date":"2023-07-14T01:50:00","date_gmt":"2023-07-14T01:50:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2023\/07\/14\/lindian-raises-a35-million-to-fast-track-kangankunde-development\/"},"modified":"2023-07-16T11:21:33","modified_gmt":"2023-07-16T11:21:33","slug":"lindian-raises-a35-million-to-fast-track-kangankunde-development","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2023\/07\/14\/lindian-raises-a35-million-to-fast-track-kangankunde-development\/","title":{"rendered":"Lindian raises A$35 million to fast-track Kangankunde development"},"content":{"rendered":"\n<div lang=\"en\">\n<p>Melbourne, Victoria &#8211; News Direct &#8211; 14 July 2023 &#8211; Lindian Resources Ltd (ASX:LIN) CEO Alistair Stephens speaks with Proactive after securing a crucial A$35 million investment from institutional investors and sophisticated stakeholders in a heavily-bid placement, bulking the company&#8217;s financial clout to advance the globally-significant Kangankunde Rare Earths Project in Malawi.<\/p>\n<p>The funds put the company in its best-ever financial position and will allow it to pay the third tranche of US$10 million for the 100% acquisition of Rift Valley Resource Developments Ltd, the owner of the Kangankunde project.<\/p>\n<p>Lindian executive chair Asimwe Kabunga said: &#8220;This placement is an exceptionally good outcome for Lindian and we are pleased to welcome a number of respected and reputable domestic and offshore institutional investors to our register.<\/p>\n<p>&#8220;The considerable interest received is clear recognition that Kangankunde is a globally significant rare earths project of considerable scale and grade, and the potential for Lindian to be a major supplier of neodymium-praseodymium to the global economy in the near future.&#8221;<\/p>\n<figure class=\"\" style=\"display: block; width: 100%; margin: 0px; padding: 0px; text-align: center;\" data-width=\"100%\">\n<div class=\"youtube\"><img loading=\"lazy\" class=\"size-medium wp-image-33054 alignleft\" src=\"https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2023\/07\/PressReleaseTMPdpzApf-300x157.jpg\" alt=\"\" width=\"300\" height=\"157\" srcset=\"https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2023\/07\/PressReleaseTMPdpzApf-300x157.jpg 300w, https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2023\/07\/PressReleaseTMPdpzApf-768x401.jpg 768w, https:\/\/eodishasamachar.com\/en\/wp-content\/uploads\/2023\/07\/PressReleaseTMPdpzApf.jpg 800w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div><figcaption class=\"youtube-thumbnail\" style=\"text-align: left; font-size: 16px; line-height: 24px; display: none; margin: 0px; width: 100%;\" data-display=\"none\"><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><em>The issuer is solely responsible for the content of this announcement.<\/em><\/p>\n<\/div>\n\n<p><a href=\"https:\/\/www.media-outreach.com\/news\/australia\/2023\/07\/14\/232949\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Melbourne, Victoria &#8211; News Direct &#8211; 14 July 2023 &#8211; Lindian Resources Ltd (ASX:LIN) CEO Alistair Stephens speaks with Proactive after securing a crucial A$35 million investment from institutional investors and sophisticated stakeholders in a heavily-bid placement, bulking the company&#8217;s financial clout to advance the globally-significant Kangankunde Rare Earths Project in Malawi. The funds put &hellip;<\/p>\n","protected":false},"author":1,"featured_media":33054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/33053"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=33053"}],"version-history":[{"count":1,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/33053\/revisions"}],"predecessor-version":[{"id":33083,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/33053\/revisions\/33083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/33054"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=33053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=33053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=33053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}