annoucement

Hey everyone,

What an announcement for this stock. We are going to see day traders, institution and regular humble blokes like myself who have believed in this story topping up their stakes all day. Announcement below

Lynas Signs US$200 Million Rare Earths Supply Contract
Key Points:
• Second customer supply contract signed for Rare Earths project
• Contract value in excess of US$200 million, over five years
• Minimum floor price in contract, with no maximum ceiling price
• Important contract in the growing Rare Earths magnet market
Lynas Corporation Limited (“Lynas”) (ASX code LYC) is pleased to announce the signing of the
company’s second supply contract with a significant Rare Earths customer for the supply of
Mt Weld Rare Earths to be produced from the company’s Malaysian processing plant.
The contract is a long term five year contract with a value in excess of US$200 million over five
years based on current prices. The contracted sales cover neodymium and praseodymium which
are key elements for the Rare Earths magnet industry. The pricing structure of the contract is
related to the market price; however it includes a minimum floor price, without a maximum ceiling
price, for the product sales over the term of the contract.
Lynas’ Executive Chairman, Nicholas Curtis, believes that the signing of the contract is another
key milestone for the company and the Rare Earths project:
“The Rare Earths magnet market is growing very strongly at fifteen percent per annum which is
forecast to continue for the next five years. This is an important market for the company and it
gives certainty to the company’s cash flows. The Board is delighted the company has signed a
long term supply agreement in this market”, Mr Curtis said.
The company continues to be actively engaged with additional potential customers in Europe,
Japan and the USA.