There is enough evidence to conclude that risk capital has found a new home, a BDO report shows. The question now is, how and where will junior miners find the capital needed to sustain their businesses?
The offer represents a premium of nearly 45% on Lynas' closing price on Monday, but comes come with some significant conditions, including the rare dearth miner securing all necessary licences in Malaysia.
The company has secured a second five-year exploration licence in the Erzgebirge (meaning Ore Mountain) region of Saxony, which completely encloses its Zinnwald project.
For least seven key rare earths - including praseodymium, used in magnets, and yttrium, used in ceramics - China was a net importer in 2018 for the first time in more than 30 years.