ASX:LYCMetals and Mining
A$750 Million Equity Raise Could Be a Game Changer For Lynas Rare Earths (ASX:LYC)
Lynas Rare Earths Limited recently completed a follow-on equity offering, raising approximately A$750 million through the issuance of over 56 million ordinary shares at A$13.25 per share, representing a per-share discount of A$0.265.
This capital raise significantly expands the company’s available funds, signaling both confidence in future growth initiatives and heightened attention to capital allocation strategies.
We will examine how Lynas Rare Earths’ substantial equity capital raise may...