LINDIAN ACQUIERT LES 49 % RESTANTS POUR DÉTENIR 100 % DE L'USINE HYDROMÉTALLURGIQUE EN ACTIVITÉ DE SARECO

Lindian Resources Limited has announced its acquisition of 100% of the SARECO hydrometallurgical processing plant for a total deal value of $20 million. This transaction, finalized on August 10, 2026, elevates Lindian's ownership stake from 51% to full control of the facility located in Stepnogorsk, Kazakhstan. The acquisition marks a significant strategic move for Lindian, as SARECO is the only commercially operational mixed rare earth carbonate (MREC) processing plant outside of China.

SARECO, previously operated by Sumitomo Corporation and Kazatomprom, is positioned to play a crucial role in the rare earth supply chain. The plant is expected to commence MREC processing in the fourth quarter of 2026, coinciding with the launch of Lindian's Kangankunde rare earth project. The acquisition provides Lindian with operational and commercial control over SARECO, enabling the company to leverage local raw material sources and existing inventory to accelerate upstream processing capabilities.

The strategic rationale behind this acquisition lies in the growing demand for rare earth elements, particularly from Western markets. Lindian's full ownership of SARECO allows for enhanced integration within the rare earth value chain, providing access to high-value products and increased cash flow potential. The deal also includes additional land and commercial facilities, which will support future expansion as Lindian progresses towards downstream production.

This acquisition comes on the heels of a successful institutional fundraising effort, where Lindian secured AUD 100 million, ensuring it has the financial resources necessary to execute this transaction and advance its Kangankunde project. The comparative investment cost for establishing a new rare earth processing facility exceeds AUD 500 million, highlighting the strategic advantage of acquiring an existing operational plant.

The broader market implications of this acquisition reflect a significant shift towards diversifying rare earth supply chains outside of China. As demand from strategic end-users in the United States, Europe, and Japan continues to rise, Lindian's enhanced control over SARECO positions it favorably within a competitive landscape. The company's integrated approach, spanning from mining to MREC production, aligns with global efforts to secure stable and diversified sources of rare earth materials, critical for various high-tech applications.