LYC: Insanely overvalued, page-235

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Lynas USA: FAQs
Safeforourpeople,safeforourcommunitiesandsafefortheenvironment
Q. Who is Lynas?
A. Lynas is a publicly listed Australian company.
We operate one of the world’s highest grade
Rare Earth mines, Mt Weld, in Western
Australia and an advanced materials
processing facility in Malaysia.
As the only significant producer of separate
Rare Earth materials outside of China, we
provide an important alternative for outside
China manufacturers in high technology
markets, including green technology.
Lynas was purpose-designed as an ethical
and environmentally-responsible producer,
and we are certified under international
standards.This includes being assessed by
3rd parties for our approach to sustainability.
Q. What are Rare Earths and why are they
important?
A. Rare Earths are a group of 15 elements in the
periodic table known as the Lanthanide
series, plus Yttrium.Rare Earths are used in
the manufacture of many things we use every
day – from smart phones to cars, electrical
appliances, and importantly, hybrid and
electric vehicles.
Q. What are Lynas’ plans in Hondo, Texas?
A. We are excited by the opportunity to create a
new enterprise in the U.S. Subject to
finalization of arrangements with our long
term partner in the U.S., Blue Line, and
significant work to characterize the site, our
current plan is to locate our proposed Light
Rare Earths separation facility adjacent to our
proposed Heavy Rare Earths separation
facility in Hondo, Texas, at the current Blue
Line site.
We believe Texas and Hondo are excellent
locations for a Rare Earths processing facility
and will both serve our U.S. customers and
support the U.S. government’s moves to
strengthen its industrial base and make
supply chains more resilient.
Q. How many jobs will the proposed facility
in Hondo, Texas create?
A. We are undertaking an economic impact
assessment and will provide an update when
the assessment is complete.
Q. Can you explain Lynas’ recent contract
the U.S. Government?
A. As announced on January 22, 2021, Lynas is
delighted to enter into an agreement with the
U.S. Department of Defense to develop a
Light Rare Earth separation facility in the
United States. This funding will allow us to
accelerate planning and studies.
Rare Earths separation capability has been
absent from the United States for several
years, and this co-funded plant will ensure
the U.S. has a secure domestic source of high
quality separated Light Rare Earth materials.
Security of supply is an essential foundation
for the renewal of downstream specialty
metal making and permanent magnet
manufacturing in the USA.
Q. How much will be invested in the new
facility?
A. The funding amount from the US Government
for the Light Rare Earths project will be
capped at approx. US$30 million and Lynas is
expected to contribute approximately US$30
million under the agreement