Heavy Rare Earth Processing Project in Seadrift, Texas

uncertain

Lynas is developing a heavy rare earth processing project in Seadrift, Texas, supported by a U.S. Department of Defense funding agreement. The project faces wastewater permitting issues requiring an alternative technical pathway, increasing capital costs and creating significant uncertainty about the project's future. Lynas is negotiating commercial offtake agreements with the DoD for production from existing assets as an alternative.