Lindian Resources (ASX: LIN) has agreed to acquire the core assets of SARECO through a joint venture arrangement, securing 100% ownership of the MREC rare earth hydrometallurgical separation plant in Kazakhstan for approximately US$15 million.
The acquisition provides immediate downstream processing capacity for the company’s Kangankunde rare earth project in Malawi, supporting its strategy to build an integrated mine-to-separated-products business model. By securing its own separation facility, Lindian reduces reliance on third-party processors and strengthens supply chain control.
The Kazakh-based plant benefits from access to low-cost power, water, sulphuric acid, reagents, and skilled labor, which is expected to support competitive operating costs. The transaction marks a significant step toward vertical integration and accelerated project development.
Source: www.lindianresources.com.au
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein