Very strong backing for Lynas' expansion plans

THE failed Wesfarmers bid for Lynas Corp looks very much a distant memory as the ASX-listed rare earths major today announced a fully underwritten A$425 million equity raising to fund its expansion plans.

Very strong backing for Lynas' expansion plans Very strong backing for Lynas' expansion plans Very strong backing for Lynas' expansion plans Very strong backing for Lynas' expansion plans Very strong backing for Lynas' expansion plans

Lynas' Malaysian operations

The raising is being priced at $2.30 per share and comprises a $211.6 million institutional placement and $213.7 million entitlement offer.

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