Lindian Resources Limited has signed technology, engineering and long-term offtake agreements with Carester SAS for an 8,000-tonne-per-annum rare-earth oxide solvent extraction and separation facility at Stepnogorsk, Kazakhstan. Carester and Tetra Tech Coffey are advancing a Definitive Feasibility Study targeted for completion in Q4 2026. Carester will purchase 70% of SEGH production for an initial 10-year term, with two five-year extension options, and holds a right of first refusal over 70% of MHREC production from SARECO. The heavy rare-earth products will supply Caremag Refinery in Lacq, France, a joint venture involving JOGMEC, Iwatani Corporation and Carester that has secured €216 million in French and Japanese government funding. The project is intended to extend Lindian’s integrated mine-to-oxide platform from Kangankunde monazite concentrate and SARECO processing into magnet-quality NdPr oxide and SEGH carbonate, with potential access to additional Kazakhstan feedstocks and government support.