Wedoany.com Report-Aug. 30, Lynas Rare Earths has announced a fully underwritten equity raising of about A$750 million ($489.2 million), in parallel with the release of its full-year 2025 financial results. The move is intended to strengthen the company’s balance sheet and provide flexibility for advancing its Towards 2030 growth strategy.

The new shares will be offered at a 10% discount to the last traded price of A$14.73 on 27 August 2025.

The new shares will be issued at A$13.25 each, reflecting a 10% discount to the last traded price of A$14.73 on 27 August 2025, and an 8.6% discount to the ten-day volume-weighted average price of A$14.5. Approximately 56.6 million fully paid ordinary shares will be offered, equal to around 6.1% of Lynas’ existing shares on issue.

The placement is directed at institutional investors in select markets. Barrenjoey Markets and Macquarie Capital are acting as joint lead managers, underwriters, and bookrunners. Settlement of the new shares is expected on 2 September 2025, with trading on the Australian Securities Exchange beginning the following day.

In addition to the placement, Lynas will launch a non-underwritten share purchase plan (SPP) for eligible shareholders, aiming to raise up to A$75 million. Each eligible shareholder may apply for up to A$30,000 worth of new shares at the same price of A$13.25 per share, free of transaction and brokerage costs. The company noted that SPP shares will rank equally with existing ordinary shares from the date of issue. Lynas reserves the right to scale back applications or accept oversubscriptions at its discretion, meaning the final raised amount under the SPP may vary.

Amanda Lacaze, CEO and managing director of Lynas Rare Earths, commented: “Towards 2030 sets out our plan to optimise performance from the Lynas 2025 capital investments and to pursue new growth opportunities. The equity raising provides Lynas with the balance sheet strength to pursue a strong growth agenda.” She added: “The rare earths market is rapidly evolving, and we need to move at pace to maximise value from existing assets and create further value from market opportunities. This includes continuing to grow our operations to serve the customers, downstream players and governments who seek to partner with Lynas to quickly establish larger and more resilient outside China supply chains for rare earths materials.”

Separately, Lynas has signed a preliminary agreement with Menteri Besar, the investment arm of the Kelantan State Government in Malaysia, to supply mixed rare earth carbonate. The agreement is non-binding but sets the foundation for further discussions and is seen as an important step in supporting the rare earths industry in Kelantan.

With the equity raising and new cooperation framework, Lynas is positioning itself to advance both its global strategy and regional market development, reinforcing its long-term growth agenda.