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Lynas Rare Earths Announces Being Awarded $14.8m Australian Government Grant

22 Jul 2021  |  09:47:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Lynas Rare Earths Awarded $14.8M Australian Government Grant

Lynas Rare Earths announced the Company has been awarded a $14.8m grant as part of the Australian government's Modern Manufacturing Initiative. The grant will enable the Company to commercialise an industry-first Rare Earth carbonate refining process that has been developed by The Company in house research and development team. The new process has been tested at bench scale and has proven effective in producing a higher purity Rare Earth carbonate that can feed the Lynas Malaysia plant as well as the proposed U.S. Rare Earth processing facility.

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