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(Reuters) - Australia's Lynas Rare Earths said on Tuesday it has signed a $120 million follow-on contract with the U.S. Department of Defense to build a commercial heavy rare earths separation facility in Texas.
The contract, which was granted to Lynas' U.S. subsidiary, builds on from a 'Phase 1' funding for a heavy rare earth separation facility announced in July 2020.
The project, for which the Pentagon provided initial funding, is expected to be built within an existing industrial region on...
>>> Read more: Australia's Lynas secures $120 million Pentagon contract for U.S. rare earths facility
The contract, which was granted to Lynas' U.S. subsidiary, builds on from a 'Phase 1' funding for a heavy rare earth separation facility announced in July 2020.
The project, for which the Pentagon provided initial funding, is expected to be built within an existing industrial region on...
>>> Read more: Australia's Lynas secures $120 million Pentagon contract for U.S. rare earths facility
