Australia's Lynas Rare Earths Ltd said on Tuesday it secured a A$200 million ($133.98 million) funding from Japan to increase light and heavy rare earth materials output by developing its current and planned projects. The agreement with Japan Australia Rare Earths B.V., a special purpose company between s
Australia's Lynas Rare Earths Ltd said on Tuesday it secured a A$200 million funding from Japan to increase light and heavy rare earth materials output by developing its current and planned projects.
Under the new deal, Japan will receive priority supply rights over Lynas' growth capacity until 2038 in the event of competing demand from other markets. Once the miner's annual output crosses 9,600 tonnes and demand from Japan exceeds the 7,200 tonnes per-year threshold, the parties will revisit the terms of agreement, all ensuring Lynas does not miss any opportunity.
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Australia's Lynas Rare Earth secures $134 million funding from Japan to boost outputAustralia's Lynas Rare Earths Ltd said on Tuesday it secured a A$200 million ($133.98 million) funding from Japan to develop its current and planned projects aimed at increasing light and heavy rare earth materials output, and bolster its balance sheet.The agreement with Japan Australia Rare Earths B.V.,
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