Normal
Lynas Corporation is set to unveil a $400 million capital raising when it hands down 2020 financial year earnings on Monday, Street Talk can reveal.Investor sources told Street Talk that the $1.9 billion rare earth metals producer had hired Bank of America and Canaccord Genuity to oversee a deal which would see new equity raised via a placement and rights issue.The mooted capital raising comes as Lynas races against the clock to build and commission a cracking and leaching plant at Kalgoorlie after being ordered to stop producing low-level radioactive waste at its operations in Malaysia.
Lynas Corporation is set to unveil a $400 million capital raising when it hands down 2020 financial year earnings on Monday, Street Talk can reveal.
Investor sources told Street Talk that the $1.9 billion rare earth metals producer had hired Bank of America and Canaccord Genuity to oversee a deal which would see new equity raised via a placement and rights issue.
The mooted capital raising comes as Lynas races against the clock to build and commission a cracking and leaching plant at Kalgoorlie after being ordered to stop producing low-level radioactive waste at its operations in Malaysia.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
