Lynas Rare Earths Limited (AU:LYC) has released an update.
Lynas Rare Earths Limited has announced a significant change in its shareholder structure, as Hancock Prospecting Pty Ltd and associated entities, led by Gina Rinehart, have acquired a 5.82% interest in the company. This move positions Rinehart and her entities as initial substantial shareholders, reflecting a strategic investment in the growing rare earths sector. The notice highlights the relevance of the rare earths industry and could indicate potential shifts in market dynamics for Lynas Rare Earths.
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