LYC 3.00% $6.86 lynas rare earths limited

Rumour mill - potentially huge news

  1. 993 Posts.
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    Potentially huge (!) news - keep in mind that this is from auto-translate. If anyone here can read Chinese (in original linked article), please verify.

    Important paragraphs extracted:

    ....the Ministry of Science and Technology is currently verifying a new technology used by the Lynas rare earth plant. Once proven feasible, the accumulation and storage of radioactive waste will be resolved and Lynas will no longer produce any radioactive waste.

    He pointed out that Lynas has recently proposed a new plan to the Atomic Energy Licensing Authority for its waste management, which is to extract the radioactive thorium component from the waste through new technology and neutralize the radioactive waste into radioactive waste. Scheduled waste less than 1bq/g (Becquerel/gram).

    He revealed that Lynas has also applied to the government to withdraw the ban on cracking and washing (Cracking & Leaching) projects in the country based on the new technology and guaranteed that Lynas will not produce any more radioactive materials under the new technology. scrap. "The Ministry of Science and Technology will wait for the report from the technical department before making a response."

    From:
    https://www.themalaysianinsight.com/chinese/s/463237

    If correct and tech verified, AL plus team, staff in Malaysia, and shareholders may have a big reason to celebrate. I'm guessing everything will be tightlipped until verified (assuming article is correct), so patience may be required.
 
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