Lindian Resources Secures $11.6M Facility from Malawian Bank for Kangankunde Project Expansion
Lindian Resources Ltd has secured a $11.6 million facility from NBS Bank Plc in Malawi to support the ramp-up of its Kangankunde Rare Earths Project. The funding includes a $4.6 million asset finance facility and a $7.0 million working capital facility, aiding the transition from construction to operations. This complements a recent A$100 million institutional placement and avoids core project finance debt.
Tickers: $LIN
Topics: facility funding mining project development rare earths