PROJECT FINANCE

US government doubles funding for Lynas Rare Earths

Lynas signed an updated contract with the US Department of Defence (DoD) to construct a heavy rare earths processing facility in Texas.

Isabeau van Halm
 Lynas' Mt Weld mine in Western Australia. Source: Lynas Rare Earths

Lynas' Mt Weld mine in Western Australia. Source: Lynas Rare Earths

The US government's contribution was updated to around US$258 million, a more than double increase from the $120 million initially announced in June 2022. According to Lynas, the contract is expenditure-based,...

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