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BRIEF-Lynas Corp Updates On 2025 Growth Plans, Rare Earths Market And Related Matters

Published 21/06/2019, 09:40 am
BRIEF-Lynas Corp Updates On 2025 Growth Plans, Rare Earths Market And Related Matters
LYC
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June 21 (Reuters) - Lynas Corporation Ltd LYC.AX :

* UPDATE ON LYNAS 2025 GROWTH PLANS, RARE EARTHS MARKET AND RELATED MATTERS

* REMAINS CONFIDENT OF A RESOLUTION TO REMAINING ISSUES RELATED TO WLP RESIDUEJOINT VENTURE WITH BLUE LINE IS AT MOU STAGE AND BOTH PARTIES WILL NOW WORK ON FINALIZING DETAILS

* CONTINUES TO WORK WITH MALAYSIAN GOVERNMENT SEEKING AGREEMENT TO CONDITIONS TO RENEW OPERATING LICENSE WHICH IS DUE ON SEPT 2

* PRODUCTION THIS QUARTER MAINTAINED AT COMPARABLE LEVEL TO MARCH QUARTER AND WE WILL HAVE ABOUT 250 TONNES OF NDPR INVENTORY AT END OF QUARTER

* ANNOUNCES MOU WITH BLUE LINE CORP FOR A JOINT VENTURE TO DEVELOP RARE EARTHS SEPARATION CAPACITY IN UNITED STATES

* JOINT VENTURE WITH BLUE LINE IS AT MOU STAGE AND BOTH PARTIES WILL NOW WORK ON FINALIZING DETAILS

* JV TO DEVELOP RARE EARTHS SEPARATION CAPACITY IN U.S. NOT A SUBSTITUTION FOR LYNAS FACILITIES IN MALAYSIA AND WESTERN AUSTRALIA

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