Lindian Resources Snags Rare Earths Plant for $15M

0:00This is Corey, keeping Sydney in the know, you're listening to Sydney News today. Lindian Resources just scored a huge win in the rare earth sector by snapping up majority control of a fully built cracking plan in Kazakhstan for only $15 million US dollars or about $21 million Australian dollars. That's a steal compared to the usual half-billion dollar price tag for building one from scratch. The company shares jumped as much as 33% to 70.5 cents on heavy trading volume right after the news broke. The deal gives Lindian 51% ownership through a joint venture with local firm RA Group at the Sarco plan, which is already set up for. Mixed rare earth carbonate production, located near Stepnogorsk, it has easy access to cheap power, supplies, and rail lines, making it perfect for quick operations and growth. Investors loved it, sending shares soaring as the market sees this as a smart, low-cost way to jump into higher margin processing.

1:00For Lindian, it means turning monosite concentrate from their Malawi operations into valuable product, boosting profits and deal-making power instead of just selling raw material. This ties right into their Kangung Kunde project in Malawi, a massive deposit with high-grade low-radiation ore that's already tested well, hitting. 91% to 94% extraction rates. Stage 1 production kicks off late this year at 12,500 tons of concentrate annually. Meanwhile, the timing lines up with growing US Kazakhstan ties on critical minerals helping diversify supply chains. Lindian also gets a phosphate byproduct for extra revenue, putting them ahead as one of few non-Chinese players ready to deliver processed rare earths. To the west, the daily news now is powered by our sponsor. Layback, press play, let the pillow do the rest.