Lindian Signs 20-Year Rare Earth Offtake Deal With Carester
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Perth – September 09, 2026 -- Lindian Resources Limited (ASX: LIN) has signed a binding long-term offtake agreement and a technology and engineering services deal with France's Carester SAS to develop an 8,000-tonne-per-year rare earth oxide separation facility in Stepnogorsk, Kazakhstan.
Carester locks in 70% of heavy rare earth output for up to 20 years
Under the agreement, Carester will purchase 70% of Lindian's mixed heavy rare earth compound (SEGH) production and holds a right of first refusal on 70% of mixed heavy rare earth carbonate (MHREC) output from Lindian's SARECO facility. The deal runs an initial 10 years with two five-year extension options, with volumes destined for the Caremag refinery in Lacq, France.