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Lynas raising cash from Japanese

WITH a storm cloud or two looming here and there and circa A$1 billion cash in the bank, rare earths major Lynas is raising A$200 million in equity from Japanese supporter JARE.

Michael Quinn
Lynas managing director Amanda Lacaze seals the equity deal in Tokyo

Lynas managing director Amanda Lacaze seals the equity deal in Tokyo

The pricing will be at the higher of the five-day volume-weighted average price (VWAP) in the period immediately following this announcement and the five-day VWAP for the five-day trading period immediately...

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