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Lindian Resources Limited (ASX:LIN)

ALERT: Price-sensitive ASX Announcement for LIN
Current share price for LIN : $0.840 0.015 (1.82%)+
Announcement
Release
19 Jun 2026 4:26PM
Price at Release
$0.825
Full Release
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Summary
Lindian Resources Limited has announced the termination of a sale and purchase agreement with Gerald Metals SARL for the supply and sale of monazite concentrate from the Kangankunde Rare Earths Project in Malawi. The termination was mutually agreed upon to allow Lindian full control over its sales pipeline and strategic decisions. As part of the termination, Lindian will issue 20,000,000 fully paid ordinary shares to Gerald Metals, which will be subject to a 90-day escrow period. The company expressed gratitude to Gerald Metals for their early support and aims to expedite product supply to the SARECO facility in Kazakhstan. The announcement was authorized by Lindian's board of directors.
Key Points
  • Termination of sale and purchase agreement with Gerald Metals.
  • Issuance of 20,000,000 shares to Gerald Metals as part of the agreement termination.
  • The shares will be under a 90-day escrow period.
  • Lindian aims to have full control over its sales pipeline and strategic decisions.
  • Thanks to Gerald Metals for early support on the Kangankunde project.
  • Product supply to the SARECO facility in Kazakhstan to be expedited.
  • Announcement authorized by the board of directors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.