Lindian Resources acquires full ownership of Kazakhstan rare earths facility
Lindian Resources Limited has acquired 100% ownership of the SARECO hydrometallurgical processing facility for mixed rare earth carbonates in Kazakhstan. This move consolidates control over strategic mineral assets.
Lindian Resources Limited announced on Monday its acquisition of 100% ownership of the SARECO Mixed Rare Earths Carbonate (MREC) hydrometallurgical processing facility in Stepnogorsk, Kazakhstan. The transaction consolidates the company's position in the rare earths sector.
The acquisition includes the remaining 49% interest in SARECO, which complements Lindian's prior 51% stake. This full ownership provides the company with strategic control over the processing facility and its associated mineral resources.
This development is a key step in Lindian's strategy to secure and expand its rare earths production capabilities. The company aims to leverage the facility to meet growing global demand for these critical materials.
Lindian Resources anticipates that complete ownership will enable more streamlined operations and facilitate future strategic investments in the SARECO facility.