Lynas flags financing deal
Shares in rare earths miner Lynas Corporation have been placed in a trading halt pending an announcement on a financing transaction.
Lynas shares last traded at 16.5 cents.
The company made a net loss of $59.3 million in the last six months of 2013, down from a $56.6 million loss during the same period a year earlier.
The company operates the Mt Weld rare earths mine near Laverton and a rare earths processing plant in Malaysia.
Rare earth minerals are used in a range of hi-tech products, including telescopes, X-ray and MRI scanning devices.
