Rare earths miner Lynas has completed the retail component of its 1-for-7.7 pro rata accelerated non-renounceable entitlement offer, raising A$114-million.
The entitlement offer is part of a larger A$425-million equity raise to fund the company’s Lynas 2025 foundation projects, including the planned Kalgoorlie rare earth processing facility and plans for a heavy rare earth separation facility.