RE:RE:Second Article on funding dealLol Dragon, you need to learn corporate speak Lacaze style, under promise & over deliver, Lynas has done its homework but now has to fit it to the DOD template, which as you know will be somewhat like herding cats.
The actual quote from the announcement was:
"In line with DoD Phase I milestones, we expect this work to be completed in the 2021 financial year." I'll punt that sooner rather than later, with construction complete CY21. Unlike C&L there are no real long lead time items particularly as BL already has three calcination furnaces, permitting for a brownfield should not be a major issue.
Quotes from Oz press:
"The phase one funding is expected to open the door to more financial support for what the Pentagon views as a strategically important project after China signalled its willingness to cut off rare earths supply to the US.China moved this month to halt supply to US arms producer Lockheed Martin in a development Ms Lacaze said would put all Western users of rare earths on high alert." Likely refers head LRE tender +5ktpa due mid August which will likely follow the HRE result.
“We are very pleased to have signed a contract with the DoD for this phase one work,” she said. “Heavy rare earths are essential for the high performance magnets used in electric motors, and Lynas has the feedstock, intellectual property, and track record to deliver a heavy rare earths facility in a timely and low risk manner.” Lacaze style, talk softly, carry a big stick, not a paint brush.