Iluka Resources Limited (AU:ILU) has released an update.
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Iluka Resources Limited has successfully secured additional funding from the Australian Government to advance its Eneabba rare earths refinery, a key project that aligns with Australia’s strategic goals for supply chain resilience and domestic industry development. The government will provide an extra $400 million, while Iluka will add $214 million, ensuring the project’s financial viability and marking a significant step toward bolstering the global rare earths supply chain. The partnership underscores Iluka’s commitment to delivering sustainable value and fostering an independent Australian rare earths industry.
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