LYC - Malaysia to update Lynas operating license conditions, page-33

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"Lynas is given two years until December 2025 to scale up its facilities from lab scale to pilot to commercialisation and ensure no radioactive waste is produced from extraction, cracking and leeching activities,” he said."

“An advantage of this is that the thorium concentration will only make up 0.25% of the total waste produced and it can be sold to other countries that have a nuclear power plant,” he said.

“It is a win-win situation for all parties as the (thorium extraction technology) fulfills our intention to not allow continuous accumulation of radioactive waste and it solves the problem of millions of tonnes of existing waste,” Chang said.

Lynas’ licensing terms revised | The Star