Lynas Signs MoU for Rare Earths Supply with Kelantan State's MB

Fri 30 May 25, 05:38 AM | Team Kalkine

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Highlights

Lynas and MB Inc. sign non-binding MoU to explore rare earths carbonate supply from Kelantan, Malaysia.

Agreement outlines framework for future feedstock supply to Lynas Malaysia’s Kuantan facility.

Collaboration focuses on leveraging Malaysia’s ionic clay deposits rich in heavy rare earth elements.

Lynas Rare Earths Ltd (ASX:LYC) is an Australia-based company focused on the mining and processing of rare earth elements, with operations in Western Australia and Malaysia.

The company has entered a Memorandum of Understanding (MoU) with Menteri Besar (MB) Inc., the strategic investment entity of the Kelantan State Government in Malaysia. The non-binding agreement outlines a potential collaboration for the supply of mixed rare earths carbonate (MREC) from rare earth resources located in the state.

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