Lynas, JARE sign MoU on rare earths value chain [Yahoo! Finance]
LYNAS RARE EARTHS S/ADR (LYSDY)
NASDAQ:AMEX Investor Relations:
lynascorp.com/shared%20documents/investors%20and%20media/lynas%20corp%20american%20depository%20receipt%20040118.pdf
Company Research
Source: Yahoo! Finance
Lynas Rare Earths and Japan Australia Rare Earths (JARE) have signed a memorandum of understanding (MoU) to collaborate on the rare earths value chain, focusing on the exploration and development of rare earth elements (REE) and related minerals. This MoU is non-binding and hinges on the formation of definitive agreements. JARE was established by the Japan Organisation for Metals and Energy Security (JOGMEC), along with Sojitz Corporation. Lynas and JARE are involved in a long-term senior loan agreement. Under the MoU, the companies plan to create a framework for potential cooperation. This includes mineral exploration and development, supplying additional feedstock for Lynas' processing and separation facilities, considering offtake agreements for rare earth products from joint ventures and financial involvement from both parties. A steering committee will be formed by Lynas and JARE to engage in discussions aimed at reaching mutually agreeable definitive agreements. T
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