Business
Lynas in Pentagon funding breakthrough – The Australian Financial Review
Amanda Lacaze-led Lynas has overcome opposition from a powerful group of Republican senators to secure a contract with the Pentagon.
The plant will separate heavy rare concentrate produced via Lynas Mount Weld mine in Western Australia and its light rare earth separation facilities in Malaysia.
Lynas said the phase one funding from the DoD would be put towards a detailed market and strategy study plus detailed planning and design work for the heavy rare earth separation plant. It expects the work to be completed in this financial year.
The Lynas share price had jumped almost 10 per cent to $2.38 by late on Monday, its highe…
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