Lynas Says US Defence Phase 1 Contract Progress on Hold Due to Political Debate

  • May 24, 2020 AEST
  • Team Kalkine

A metals and mining sector company, Lynas Corporation Limited (ASX:LYC) disclosed that the US Department of Defense advised the Company of its intent to award a Phase I contract for a US based Heavy Rare Earth separation facility to Lynas.

Lynas stated that it is aware of the statements in the US media regarding political discussion on the advantages of supply from the US, US allies as well as from other sources.

LYC highlighted it is dedicated towards development of Heavy Rare Earth separation facility and operation is continuing for designing and engineering of the plant.


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