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Lynas Corporation Ltd (LYC.AX)

LYC.AX on Australia Stock Exchange

3.53AUD
24 Nov 2020
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Latest Key Developments (Source: Significant Developments)

Lynas Posts Q1 NdPr Production Of 1,342 Tonnes
Wednesday, 21 Oct 2020 

Oct 21 (Reuters) - Lynas Corporation Ltd ::QTRLY NDPR PRODUCTION 1,342 TONNES VERSUS 1,242 TONNES REPORTED A YEAR AGO.QTRLY REO SALES VOLUME 4,499 TONNES VERSUS 4,186 TONNES REPORTED LAST YEAR.QTRLY INVOICED SALES REVENUE OF A$ 87 MILLION VERSUS A$99.1 MILLION REPORTED LAST YEAR.QTRLY TOTAL REO PRODUCTION 4,110 TONNES VERSUS 3,926 TONNES REPORTED LAST YEAR.EXPECT TO SEE INCREASE IN EXPENDITURE RELATED TO LYNAS 2025 PROJECTS IN COMING MONTHS..EXPECT TO SEE AN INCREASE IN EXPENDITURE RELATED TO LYNAS 2025 PROJECTS IN COMING MONTHS.  Full Article

Lynas Says New Shares To Be Issued At A$2.30 Per Share From Equity Raising
Monday, 17 Aug 2020 

Aug 17 (Reuters) - Lynas Corporation Ltd ::NEW SHARES TO BE ISSUED AT A$2.30 PER SHARE FROM EQUITY RAISING.  Full Article

Lynas Announces Offer To Raise About $A425 Mln
Monday, 17 Aug 2020 

Aug 17 (Reuters) - Lynas Corporation Ltd ::FY REVENUE $305.1 MILLION VERSUS $363.5 MILLION.OFFER TO RAISE APPROXIMATELY $A425M.FY NET LOSS ATTRIBUTABLE $19.4 MILLION VERSUS PROFIT OF $83.1 MILLION.EQUITY RAISING TO COMPRISE UNDERWRITTEN INSTITUTIONAL PLACEMENT & PRO-RATA ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER.THERE WILL BE NO INCREASE IN FIXED PAY OF EXECUTIVES IN FY21.OFFER WILL FUND LYNAS 2025 FOUNDATION PROJECTS INCLUDING KALGOORLIE FACILITY & ASSOCIATED UPGRADES AT LYNAS MALAYSIA.EXPECTS DEMAND FOR NDPR TO IMPROVE IN SECOND HALF OF THIS YEAR.MAY TAKE A FEW QUARTERS TO CLARIFY EFFECTS ON DEMAND OF GLOBAL COVID-19 PANDEMIC.  Full Article

Lynas Announces Signing Of Letter Agreement With Japan Australia Rare Earths B.V.
Thursday, 13 Aug 2020 

Aug 13 (Reuters) - Lynas Corporation Ltd ::ANNOUNCES SIGNING OF A LETTER AGREEMENT WITH JAPAN AUSTRALIA RARE EARTHS B.V..CO, JARE CONTINUE TO WORK TOGETHER ON ADDITIONAL FUNDING SOLUTIONS RELATED TO CONTINUED DEVELOPMENT OF LYNAS BUSINESS.JARE WILL DEFER FURTHER INTEREST PAYMENTS OF US$11.5 MILLION UNTIL 31 OCTOBER 2021, WITH NO PENALTY AND NO ADDITIONAL INTEREST.ANNOUNCES SIGNING OF A LETTER AGREEMENT WITH JAPAN AUSTRALIA RARE EARTHS B.V..  Full Article

Lynas Says Q4 NDPR Production 775 Tonnes
Wednesday, 22 Jul 2020 

July 22 (Reuters) - Lynas Corporation Ltd ::LYNAS- Q4 REO SALES VOLUME OF 1,878 TONNES VERSUS 4,723 TONNES REPORTED LAST YEAR.LYNAS - WELL PROGRESSED WITH DETAILED DESIGN AND ENGINEERING FOR OUR HEAVY RARE EARTHS PLANT.LYNAS - Q4 NDPR PRODUCTION 775 TONNES VERSUS 1,505 TONNES REPORTED LAST YEAR.LYNAS - REMAIN COMMITTED TO DEVELOPING A HEAVY RARE EARTHS SEPARATION FACILITY.LYNAS- Q4 SALES REVENUE A$38 MILLION VERSUS A$87.5 MILLION REPORTED LAST YEAR.LYNAS- Q4 TOTAL REO PRODUCTION OF 2,579 TONNES VERSUS 4,651 TONNES REPORTED LAST YEAR.LYNAS- EXPECT DEMAND FOR NDPR TO IMPROVE IN SECOND HALF OF THIS YEAR.LYNAS - CONTINUING TO WORK WITH STAKEHOLDERS TO ADDRESS OUTSTANDING ISSUES ON PHASE 1 CONTRACT FOR US BASED HEAVY RARE EARTH SEPARATION FACILITY.LYNAS- AFTER RESTART AND RAMP UP IN MAY, PRODUCTION IN JUNE WAS AT ABOUT 75% OF LYNAS NEXT RATES AT MALAYSIA PLANT.  Full Article

Lynas Corp Says Mike Harding Informed Board Of Intention To Retire As Chair
Tuesday, 7 Jul 2020 

July 7 (Reuters) - Lynas Corporation Ltd ::CHAIR MIKE HARDING HAS INFORMED BOARD OF HIS INTENTION TO RETIRE AS CHAIR.CHAIR MIKE HARDING TO RETIRE AS CHAIR.KATHLEEN CONLON ELECTED TO SUCCEED MIKE IN ROLE OF NON-EXECUTIVE CHAIR.MIKE HARDING RETIREMENT EFFECTIVE FROM 30 SEPTEMBER 2020.  Full Article

Lynas Says Phase 1 Work For U.S Heavy Rare Earth Facility To Cost Up to Couple Mln Aussie Dollars
Friday, 29 May 2020 

May 29 (Reuters) - Lynas Corporation Ltd ::PHASE 1 WORK FOR CONSTRUCTION OF A U.S BASED HEAVY RARE EARTH SEPARATION FACILITY WILL COST, AT MOST, A COUPLE OF MILLION AUSTRALIAN DOLLARS.AT NO POINT IN TIME HAS LYNAS BEEN INFORMED THAT DOD'S INTENT TO AWARD PHASE I WAS IN JEOPARDY OR TO BE CANCELLED.  Full Article

Lynas Gets Phase 1 Contract For Heavy Rare Earth separation facility From U.S. DoD
Wednesday, 22 Apr 2020 

April 22 (Reuters) - Lynas Corporation Ltd ::ADVISED BY U.S. DEPARTMENT OF DEFENSE ON INTENT TO AWARD PHASE I CONTRACT FOR A U.S. BASED HEAVY RARE EARTH SEPARATION FACILITY.SELECTED BY DOD FOR PHASE 1 OF U.S. HEAVY RARE EARTH SEPARATION FACILITY.PHASE I FUNDING PROVIDED BY DOD TO ALLOW LYNAS AND BLUE LINE TO COMPLETE PLANNING WORK FOR U.S. BASED HEAVY RARE EARTH SEPARATION FACILITY.FOLLOWING PHASE I, DOD WILL CONDUCT A MERIT EVALUATION OF LYNAS/BLUE LINE AND ANY OTHER PARTIES SELECTED FOR PHASE I.  Full Article

Lynas Corp Posts Q3 REO Production At 4,465 Tonnes
Wednesday, 15 Apr 2020 

April 15 (Reuters) - Lynas Corporation Ltd ::Q3 INVOICED SALES REVENUE $91.2 MILLION VERSUS $101.3 MILLION.Q3 NDPR PRODUCTION 1,369 TONNES VERSUS 1,591 TONNES AS REPORTED LAST YEAR.QTRLY REO PRODUCTION 4,465 TONNES VERSUS 5,444 TONNES AS REPORTED LAST YEAR.TO DATE, THERE HAVE BEEN NO CONFIRMED CASES OF COVID-19 IN OPERATIONS.SINCE MARCH, WORLDWIDE SPREAD OF COVID-19 TRANSLATED INTO FURTHER SOFTNESS IN NDPR PRICES.UNTIL MARCH, LIGHT RARE EARTH MARKET PRICES WERE MAINTAINED AT LOW LEVELS.  Full Article

Lynas Corporation Updates On Temporary Halt To Production At Malaysia Plant
Wednesday, 15 Apr 2020 

April 15 (Reuters) - Lynas Corporation Ltd ::UPDATE ON TEMPORARY HALT TO PRODUCTION AT LYNAS MALAYSIA PLANT.EXPECT TO BE READY TO RESTART AS SOON AS PERMITTED.LYNAS MALAYSIA HAS APPLIED FOR APPROVAL TO OPERATE AND AWAITS GOVERNMENT'S DECISION.  Full Article

Lynas posts 8% jump in rare earth output as COVID-19 curbs ease

Australian rare earth producer Lynas Corp on Wednesday posted a 8.1% rise in first-quarter neodymium and praseodymium (NdPr) output as production normalized following the easing of coronavirus restrictions in Malaysia and Western Australia.