March 16 (Reuters) - Lynas Rare Earths Ltd LYC.AX:
LYNAS AND US DOW SIGN LETTER OF INTENT FOR RARE EARTH SUPPLY
UNDER THIS ARRANGEMENT, APPROXIMATELY US$96 MILLION WILL BE ALLOCATED BY DOW TO PURCHASE OF LIGHT AND HEAVY RARE EARTH OXIDE PRODUCTS FROM LYNAS
FLOOR PRICE FOR SUPPLY OF NDPR OXIDE WILL BE US$110/KG
BINDING LETTER OF INTENT BETWEEN UNIT AND US DEPARTMENT OF WAR