• New Heavy Rare Earth (HRE) separation facility in Malaysia with 5,000 tonnes per annum capacity
• Facility to produce separated Heavy Rare Earth oxides like Dysprosium, Terbium, Samarium, and more
• Facility to be self-funded following 2025 equity raising, timeline subject to regulatory approvals

Lynas Rare Earths Ltd is pleased to announce the establishment of a new Heavy Rare Earth (HRE) separation facility at Lynas Malaysia. The new facility will have a processing capacity to separate up to 5,000 tonnes per annum of HRE feedstock and will build on Lynas' proven ability to produce HRE oxides in commercial quantities, a capability unique outside of China. Feedstock for the new HRE facility will come from Lynas' high grade Mt Weld rare earths deposit and other sources such as ionic clay rare earth deposits in Malaysia. The new facility will increase HRE production capacity and provide customers with an expanded suite of separated HRE products needed for modern manufacturing. The project, estimated to cost approximately A$180 million (MYR500 million), will be self-funded following the equity raising successfully completed in September 2025. The timeline for construction is subject to regulatory approvals. Lynas is currently in discussions with offtake partners to secure fair pricing for the expanded range of HRE products. The phased construction will deliver priority products first, with initial Samarium production from Mt Weld feedstock forecast for April 2026. Processing capacity will be progressively added, with the capacity for the initial suite of separated HREs forecast to be available within 2 years. Further flowsheet enhancements to produce additional HRE products will be considered based on commercial agreements.

The new HRE facility will have a nameplate annual processing capacity of 1,100 tonnes of Samarium, 400 tonnes of Gadolinium, 50 tonnes of Terbium, 250 tonnes of Dysprosium, 1,100 tonnes of Yttrium, and 10 tonnes of Lutetium.

Lynas is part of a current functioning and reliable outside China supply chain and is the only outside China producer able to supply both Light and Heavy Rare Earth products. Lynas will prioritize market segments where pricing is more favorable, such as the electronics industry.