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Lynas Completes Placement & Institutional Entitlement Offer To Raise About A$311 Mln
Lynas Says New Shares To Be Issued At A$2.30 Per Share From Equity Raising
Lynas Announces Offer To Raise About $A425 Mln
Lynas Corporation Ltd is an Australia-based company engaged in integrated extraction and processing of rare earth minerals, primarily in Australia and Malaysia, and development of rare earth deposits. The Company’s assets include Mt Weld, Mt Weld Concentration Plant and Lynas Malaysia. Mt Weld is a rare earths mine, located approximately 35 kilometer (km) south of Laverton in Western Australia. Mt Weld Concentration Plant is located approximately 1.5km from the mine site. Lynas Malaysia is an integrated manufacturing facility, separating and processing rare earths materials, located in the Gebeng Industrial Estate near the Port of Kuantan in Malaysia. Its subsidiaries include Lynas Malaysia Sdn Bhd and Lynas Services Pty Ltd.
East Perth, L 1 7 Tully Rd
Non-Executive Independent Chairman of the Board
Amanda Margaret Lacaze
Chief Executive Officer, Managing Director, Executive Director
Chief Financial Officer
Pol Le Roux
Vice President - Sales and Marketing
Mimi Afzan Afza
Vice President - People and Culture
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Australian rare earths producer Lynas Corp Ltd posted a smaller-than-expected annual loss on Monday and outlined plans to raise A$425 million ($304.94 million) to fund construction of an ore processing plant in Australia.
Australian rare earths producer Lynas Corp Ltd posted an annual loss on Monday, hurt by a temporary coronavirus-linked closure of its Malaysian processing plant and lower market prices.
Rare earth producer Lynas Corp said on Monday it signed a contract with the U.S. Department of Defense to begin initial design work for its heavy rare earth separation facility in Texas that the Pentagon is providing initial funding for.
* Rare earths demand hit by COVID-19 - Lynas (Adds restart details, Pentagon funding response, and details of demand)
Lynas Corp on Friday said it has complied with Australian Securities Exchange's disclosure rules in response to an exchange letter asking the miner about its disclosures on the funding of a rare earths processing plant in the United States.
Lynas Corp said on Wednesday the U.S. military will give it initial funding for a heavy rare earths separation facility in Texas as part of Washington's push to secure domestic supply of the essential minerals that China currently dominates.
Lynas Corp said on Wednesday the U.S. military chose it for the initial funding for a U.S.-based rare earths separation facility as part of Washington's push to secure domestic supply of the essential minerals that China currently dominates.
Australia's Lynas Corp on Friday said it would submit a compliant tender in response to the U.S. Department of Defense's call for proposals to build a heavy rare earths separation plant in the United States.
* Texas not sole possible location for heavy rare earths plant
Australian rare earths miner Lynas Corp posted a 50% jump in annual profit on Thursday amid record production of major rare earth elements.
* U.S. looks to Australia for rare earths processing capacity
* Prices for rare earths have jumped amid Sino-U.S. trade tensions
Lynas Corp on Friday said it was stockpiling production of its major rare earth element, Neodymium Praseodymium, despite a sharp increase in prices lately as rare earths find themselves in the middle of the U.S.-China trade war.
With China threatening to curb exports of rare earth minerals, Lynas Corp is making an aggressive push for fresh business across the globe and billing itself as the best option for its customers to tap diversified supplies of the specialized materials.
Lynas Corp, the only rare earths miner and processor outside of China, sees its several expansion projects as the best option for its customers to tap diversified supplies of the specialized materials, its chief executive said on Thursday.
* Lynas only major rare earth minerals producer outside China
Rare earth minerals miner Lynas Corp on Monday said it had signed a memorandum of understanding with Blue Line Corp to set up a rare earths separation facility in the United States.
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