Lynas Rare Earths LimitedASX: LYC

Market Update

Feb 10, 2016 at 8:19 PM EST · Issued by Lynas Rare Earths Limited

Filed with ASX · Feb 10, 2016 at 8:19 PM EST · 2 pages · English

Summary by 6ix AI

Lynas Rare Earths Limited provides a market update regarding ongoing legal proceedings and capital raising efforts on page one. The Kuantan High Court dismissed an application for an interim stay related to Lynas's Temporary Operating Licence, allowing operations to continue without injunctions on page one. Lynas has successfully defended similar legal challenges in the past and is preparing for production at its LAMP facility, with expectations for cash generation soon after operations commence on page one. The company has completed an Institutional Placement and Share Purchase Plan to secure working capital and meet capital expenditure needs on page one.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

On 6ix: 6ix.com/news/market-update-326

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