Added to YB: 2026-10-08
Pitch date: 2026-10-04
LYC.AX [neutral]
Lynas Rare Earths Limited
-16.85%
current return
Author Info
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Company Info
Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia.
Market Cap
AUD 12.7B
Pitch Price
AUD 13.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
40.64
P/E
57.25
EV/Sales
12.11
Sector
Metals and Mining
Category
special_situation
A Coles Bowl, a $44 Billion Float and a Drone Maker Back at Work - Lynas Rare Earths Limited
LYC.AX (update): Lynas Rare Earths is bidding for Meteoric Resources, owner of Brazil’s Caldeira deposit, in an all-share deal offering 0.0207 Lynas shares per Meteoric share. At Lynas’ pre-deal price, the offer was worth 28.6c, a 68% premium, and valued Meteoric at about $968 million. Lynas fell 8.6% on the day; at Friday’s $12.95 close, the offer was worth 26.8c. Lynas will also lend Meteoric up to $110 million, with $75 million conditional on the deal remaining alive in six months.
Read full article (1 min)