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An announcement from Lynas Rare Earths ( (AU:LYC) ) is now available.
Lynas Rare Earths has announced a fully underwritten equity raising of approximately A$750 million, alongside a non-underwritten share purchase plan aiming to raise up to A$75 million. The proceeds will support Lynas’ ‘Towards 2030′ strategy, which includes optimizing current investments and expanding resources, downstream capacity, and participation in the metal and magnet supply chain outside China. This financial move is expected to strengthen Lynas’ balance sheet and provide the flexibility needed to pursue its growth projects, thereby enhancing its market position and delivering returns for shareholders.
The most recent analyst rating on (AU:LYC) stock is a Buy with a A$12.85 price target. To see the full list of analyst forecasts on Lynas Rare Earths stock, see the AU:LYC Stock Forecast page.
More about Lynas Rare Earths
Lynas Rare Earths Limited is a global leader in the separation of light and heavy rare earth materials outside of China. The company focuses on optimizing performance from existing capital investments and expanding its operations to capture value from the evolving market, particularly in the metal and magnet supply chain outside China.
Average Trading Volume: 5,811,425
Technical Sentiment Signal: Buy
Current Market Cap: A$13.76B
For a thorough assessment of LYC stock, go to TipRanks’ Stock Analysis page.