RE:RE:RE:New York Times Article - Ucore MentionedLeak today Lynas doing A$400M placement & CR, big part of the placement will be $200/300M of JOGMEC funds approved by Jap Govt for direct investment in US & Aust RE processing.
Some of that $400M may be a top up for the $500M CapEx MtW, Kal & LAMP but the balance will be LRE & HRE process at BLJV + primary SX at Kal to stream specific carbonates to both LAMP & BLJV.
Fact of $400M capital raise says Lynas is confident it has won both US tenders LRE & HRE, and also the metal maker & magnet maker are fairly secure in the extended supply chain.
Next week or so should be very interesting.
With another ~$150M of Govt funds likely suggests Lynas is about to sink a further A$1Bn into close to doubling the business, not even daylight second.