www.lynascorp.com
Lynas Corporation Limited's (ASX: LYC) vision is to be a global leader in Rare Earths for a sustainable future; a vision realised by the passion and practices of our people.
Lynas is an ASX listed company, with the strategy to create a reliable, fully integrated source of Rare Earths supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry.
Lynas owns the richest deposit of Rare Earths in the world at Mount Weld, Western Australia. Project development has commenced, with the first mining campaign completed and two processing plants underway. All necessary approvals required for project development have been received, the project is funded and production will commence in 2011.
Lynas Corporation in trading halt pending announcement on strategic agreement, capital raising
Lynas Corporation (ASX: LYC, OTC: LYSDY) has requested a trading halt pending release of an announcement about a strategic agreement and a capital raising.
The halt will last until an announcement is made or commencement of trading on Friday 1st April 2011.
On March 28, Lynas Corporation's proposed transaction with Forge Resources (ASX: FRG) to grant Forge subleases over designated areas within the Mount Weld rare earth mining leases was deemed acceptable by an independent expert.
Lynas owns the richest known deposit of rare earths in the world at Mount Weld, near Laverton in Western Australia. These leases contain the Crown and Swan deposits that hold tantalum/niobium and phosphate deposits, that are not rare earths, and considered non-core assets of Lynas.
