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By Shane Lasley
Metal Tech News 

Lynas Rare Earths lands $120M DoD deal

To build a heavy rare earth element separation facility in Texas Metal Tech News – June 15, 2022

 

Last updated 7/12/2022 at 2:10pm

Smartphone and computer screen showing Lynas Rare Earths’ locations.

Timon - stock.adobe.com

Lynas, which owns the Mt. Weld mine in Australia and a rare earths separation facility in Malaysia, has landed $150 million in U.S. Department of Defense funding to develop a light and heavy rare earths separation facility in Texas.

The United States Department of Defense is investing US$120 million to fund a heavy rare earths separation facility to be owned and operated by Lynas USA LLC, a subsidiary of Australia-based Lynas Rare Earths Ltd. This facility is to be built alongside a light rare earths separation facility that is being co-funded by the Pentagon and Lynas.

"The U.S. Government's selection of Lynas for this st...



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