LYC: JARE Extends Support for Lynas Growth Plan
LYNAS RARE EARTHS LIMITED 🔗 📄 📈
- Lynas Rare Earths Ltd (LYC/LYSDY) has signed new agreements with Japan Australia Rare Earths B.V.
- Under the new agreements, Japan Australia will provide a contribution of AUD$200 million and forego US$11.5 million interest due under the loan facility.
- The funding from Japan Australia will support Lynas’ growth agenda and increase production of Light and Heavy Rare Earth materials.