Japanese backer lends Lynas loan relief

RARE earths miner Lynas Corporation has secured a two-month reprieve on interest payments of $16.04 million to major backer Japan Australia Rare Earths, with JARE deferring the due date to October 31.

Japanese backer lends Lynas loan relief Japanese backer lends Lynas loan relief Japanese backer lends Lynas loan relief Japanese backer lends Lynas loan relief Japanese backer lends Lynas loan relief

Lynas is backed by Japan Australia Rare Earths

JARE provides a long-term senior loan facility worth $202.19 million at an interest rate of 2.5% per annum that matures in 2030.