Rare earths miner Lynas on Monday announced a A$425-million equity raise to fund its Lynas 2025 foundation projects, while also reporting a loss in earnings and revenue for the full year ended June.
Lynas has announced that revenue for the full year had decreased from the A$363.5-million reported in 2019 to A$305.1-million, reflecting the six-week temporary halt in production as well as weak commodity conditions during the year.