• Quarterly gross sales revenue of A$265.0m, up 115% YoY
• Sales receipts of A$234.0m
• Closing cash and short-term deposits of A$1,070.0m
• Commenced production of Samarium oxide, a key component for high-performance magnets

Lynas Rare EARTHS Ltd reported another strong quarter, with quarterly gross sales revenue of A$265.0m, a 115% increase compared to the prior corresponding period. Sales receipts were A$234.0m, and the company ended the quarter with closing cash and short-term deposits of A$1,070.0m. Total REO production was 3,233t, including 1,996t of NdPr. The company also achieved a 25% increase in the average NdPr selling price compared to the prior quarter. Key highlights include the commencement of Samarium oxide production, a strategic rare earth product used in high-performance magnets, as well as the renewal of the Lynas Malaysia operating licence for 10 years. Lynas also signed important agreements with its Japanese partner JARE, securing long-term offtake arrangements for NdPr and heavy rare earth oxides. Additionally, the company signed a framework agreement with LS Eco Energy to establish a partnership for rare earth metal production. Lynas continues to progress its growth strategy, including the development of a magnet manufacturing facility in Malaysia and expanding its rare earth metal production capabilities.

Lynas expects to maintain strong production and sales volumes, with continued growth in demand for its rare earth products. The company has secured long-term offtake agreements with floor prices for NdPr and heavy rare earth oxides, providing revenue visibility.

Lynas is well-positioned to capitalize on the growing global demand for rare earths, driven by the transition to clean energy and the need for secure, sustainable supply chains outside of China. The company's strategic partnerships and investments in expanding its production capabilities will support its long-term growth.