Lynas Rare Earths more than doubles share purchase plan to $182m

9:22am on 24 September 2025

The news: Lynas Rare Earths has completed a $182 million share purchase plan, more than double its initial target of $75 million.

The numbers: About 13.8 million new shares are expected to be issued on 26 September under the share purchase plan before trading is expected to commence on 29 September.

The context: The share purchase plan was announced on 28 August alongside a $750 million institutional placement to help expand into “the outside China metal and magnet supply chain” as a part of its Towards 2030 strategy.

Lynas will also use the funds to scale its separated light and heavy rare earth oxides production.

The source: ASX

Lynas Rare Earths more than doubles share purchase plan to $182m

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