Pentagon Resumes Funding for Rare Earth Projects After Review

July 22, 2020 03:54 PM AEST
Team Kalkine

The United States Department of Defense or the Pentagon resumes previously held funding of two rare earth elements projects.

The Pentagon held the funding offered to Lynas Corporation Limited (ASX:LYC) and MP Materials over suspicion of a tie of MP Material with China.
Chinese companies held a minority stake in the privately held MP material, which owns the only rare earth elements mine across the United States, raising concern among government agencies.

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