PERTH (miningweekly.com) – The share price of rare earths miner Lynas closed more than 8% higher on Thursday after media reports in Malaysia suggested that the company’s operating licence had been renewed in that country.
The company on Thursday confirmed that there had been speculation on the Malaysiakini website regarding the renewal of the operating licence, but told shareholders that the company had not received any formal notification of such a renewal.
Lynas has submitted its licence renewal documentation to the Malaysian Atomic Energy Licensing Board, and was waiting the regulator’s decision, the company said.
Lynas closed at A$2.28 a share on Thursday, from an opening price of $2.18 a share, with the company trading at a high of A$2.32 a share.