Lindian Resources Raises AUD 100M for Rare Earth Projects in Malawi and Kazakhstan

Published: Apr 9, 2026 09:45

Save

[SMM Rare Earth News Flash] Australian company Lindian Resources raised approximately AUD 100 million through a placement to institutional investors and a strategic critical minerals fund. The proceeds will be used to advance the Kangankunde rare earth project in Malawi and complete the integration of the Sareco mixed rare earth carbonate plant in Kazakhstan. The company acquired a 51% controlling stake in the Sareco plant earlier this year, retaining exclusive sales rights, with the aim of building a vertically integrated rare earth platform. Both the Kangankunde rare earth project and the Sareco plant plan to commence production in Q4 this year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Multiple Enterprises Reported Positive Q1 Results, Rare Earth Permanent Magnets Concept Rose Over 4%, China Northern Rare Earth and Other Stocks Hit Daily Limit [SMM Flash]

11 hours ago

Apr 28, 2026 21:13

China Northern Rare Earth Q1 2026 Revenue Up 27.69% YoY, Net Profit Surges 113.12% Due to Higher Prices

China Northern Rare Earth (600111.SH) announced that it achieved revenue of 11.859 billion yuan in Q1 2026, up 27.69% YoY, and net profit attributable to shareholders of the publicly listed firm was 918 million yuan, up 113.12% YoY. The performance change was mainly due to the fact that during the reporting period, the average Q1 prices of the company's major rare earth products, represented by Pr-Nd products, increased YoY, leading to a YoY increase in gross profit.

Apr 28, 2026 21:13

Apr 28, 2026 20:39

China's Magnet Exports (2022-2026): Geopolitics & US-China Dynamics【SMM Analysis】

As the core of the global magnet supply chain, China's export data reflects geopolitical shifts. From 2022 to 2025, export volumes tracked the move from decoupling to export controls. Now in 2026, changing geopolitics is driving a new export cycle.

Apr 28, 2026 20:39