Lynas Corp. Ltd. (LYSCF)

[Oleblue]

Update on the U.S. Rare Earths Processing Facility
31 July 2023

During the quarter (1 April 2023 – 30 June 2023), progress continued on plans for the U.S. Rare Earths Processing Facility including finalising the site acquisition, detailed engineering and long lead item procurement activities.

Lynas has completed the purchase of a 149-acre greenfield site in Seadrift, Texas. The site was purchased from Union Carbide Corporation, a wholly owned subsidiary of The Dow Chemical Company, and is located in an existing industrial zone. The site was selected for its proximity to a skilled workforce, potential customers, infrastructure and logistics.

This large site will allow for co-location of Heavy Rare Earths and Light Rare Earth separation and processing as well as potential future growth opportunities such as downstream processing and recycling to create a circular mine to magnet supply chain.

Seadrift, Texas, is an excellent location for the Facility and Lynas is excited to be part of the Calhoun County community and will work to create advanced manufacturing jobs and economic opportunities for local people.

Aerial view Lynas USA LLC site and surrounds, Seadrift, Texas, USA

https://lynasrareearths.com/u-s-project-update/#:~:text=Update%20on%20the%20U.S.%20Rare%20Earths%20Processing%20Facility&text=Lynas%20has%20completed%20the%20purchase,in%20an%20existing%20industrial%20zone.