Australia's Lynas gains as it looks to submit EIA for project amid rejection reports

Lynas Rare Earths

23/06/2026 01:47

** Shares of Lynas Rare Earths LYC.AX rise as much as 3.9% to A$19.35, their highest level since June 3
** Co refers to recent media reports on the environmental impact assessment (EIA) report for the proposed expansion of operations in Malaysia, reports say the expansion was rejected by Malaysian regulators
** Co says EIA report has undergone technical review, Malaysian Department of Environment requests Lynas submit an updated EIA
** Co says will submit updated EIA
** YTD, shares up 51.3%

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))