Lynas Corp shareholders have backed the final leg of a $450 million capital raising intended to put the group on track for production by late next year.
Shareholders yesterday approved two separate institutional placements as part of the project financing for the group's flagship Mt Weld rare earths project near Laverton.The funding package also included a $130 million institutional rights issue, a $165 million retail rights issue, a $67 million placement that was condition on yesterday's approval and an $88 million unconditional placement.
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