Lastest news, page-11

Saw this in the Austrlian and I am posting it to highlight just how unique and special a position Lynas is in.

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Vital to become ‘next Lynas’A Perth company whose gold and base metals exploration projects in Burkina Faso had to be put on hold amid escalating jihadist violence in the West African country is pivoting to become a rare earth oxide developer.Vital Metals says it will buy Cheetah Resources, a private company started by former Lynas Corp executives focused on bringing rare earth products into production.Cheetah has agreements in place to buy two rare earth projects, in Canada and Tanzania, with defined resources.It plans to supply high-purity rare earth feedstock to established third-party rare-earth oxide separation facilities and refiners, rather than end users.“Cheetah’s team includes ex-managers from rare earth miner Lynas Corporation who have an in-depth knowledge of rare earth core bodies, markets and project development requirements,” Vital Metals executive director Zane Lewis said.“In essence, our vision is to become the next Lynas.”Vital is buying Cheetah for 400 million in shares up front, plus another 800 million later.
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From past history they have at least 5 years of pain and millions of investment dollars to get to where Lynas is today and by then Lynas would have moved even further ahead!

Lynas is truly in a great position and sooner or later investors will realize that. Then watch the SP fly! JMHO, please DYOR