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09/03/20
00:28
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Nic needs to check his facts, Lynas raised $450M from mkt in 2009 0n the strength of six LT offtake contracts, sufficient to complete Phase 1 at LAMP.
That commercial base gave JARE (JOGMEC/Sojitz) the confidence 12 months later to lend the ~$300M for the construction of Phase 2.
Govt funding will almost always be dependent on a commercial commitment prior, and at the least matching funds.