Lynas Rare Earths Ltd (ASX: LYC, OTCQX: LYSDY, LYSCF) (“Lynas”) is pleased to advise that the firstproduction of Samarium oxide has been achieved at Lynas Malaysia. This increases Lynas’ separatedHeavy Rare Earth oxide product range to three products, alongside separated Dysprosium and Terbium, andenhances Lynas’ position as the only commercial producer of separated Heavy Rare Earth oxidesoutsideChina.
Samarium oxide is highly sought after by customers for use in high performance magnets for electronics andaerospace as well as optical, catalyst and medical applications.
The expansion of Lynas Malaysia’s separated Heavy Rare Earth separation facility was announced on 29October 2025 and is a key initiative of the Towards 2030 growth strategy1. As part of the phasedconstruction of the facility, first production of Samarium oxide was forecast for April 2026. Lynas is pleased tohave delivered Samarium oxide ahead of schedule and achieved the first milestone in thedevelopment ofthe expanded Heavy Rare Earths separation facility.
As previously announced, Heavy Rare Earths processing capacity will be progressively added with thecapacity for the initial suite of separated HREs forecast expected to be available within 2 years. The initialflowsheet includes separated Samarium, Gadolinium, Dysprosium, Terbium, Yttrium and Lutetium.Investment in further flowsheet enhancements to produce additional HRE products, in particular Europium,Holmium, Ytterbium, Erbium, will be considered based on commercial agreements that provide anappropriate return on the additional investment.
Lynas Rare Earths CEO and Managing Director Amanda Lacaze commented:
“The achievement of first Samarium oxide, on spec and ahead of schedule, is a significant milestone forLynas and demonstrates the expertise and capability of our inhouse team which is unique outside China.
“The addition of Samarium oxide means that we can provide an expanded suite of Light and Heavy RareEarths that customers will use to produce high performance permanent magnets. This supports our objectiveof building diversified and resilient rare earth supply chains and is an exciting achievement in our Towards2030 growth strategy.”
Source: www.lynasrareearths.com
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein