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 discovery was made while working on another research project: using cobalt as a catalyst to convert carbon dioxide from the atmosphere back to hydrocarbon fuels.
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.
