Lynas Rare Earths Announces Quotation of New Securities on ASX
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Lynas Rare Earths Limited (AU:LYC) has announced the quotation of 728,687 ordinary fully paid securities on the Australian Securities Exchange (ASX) effective May 5, 2025. This follows the lifting of transfer restrictions on securities from an employee incentive scheme, which may enhance market liquidity and investor interest. Lynas is a significant player in the rare earths sector, crucial for high-tech and green technologies, with a current market cap of $4.96 billion and a year-to-date price performance of 31.43%.
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