Shares in Lynas Corporation Limited (ASX:LYC) jumped to yesterday’s best performer amid rising hopes the rare earth developer is closer than ever to securing a temporary operating licence for its Malaysian plant.
Earlier this week Lynas cleared one of the last remaining hurdles to the issuance of the licence which when granted will enable it to fire up the delayed rare earths processing plant.
A Lynas spokesperson was reported as saying by Reuters yesterday that the decision was another in a long line of affirmations for the safety of the Lynas plant.
The company also reportedly told The Associated Press yesterday it now looks forward to the issuance of the temporary operating license so it can demonstrate that safety to the Malaysian community.
Shares in Lynas jumped to the best performing stock in the S&PASX 200 yesterday, closing 8.56 per cent higher at $1.02.
In the first half of its 2012 financial year Lynas Corporation recorded a net loss of $38.5 million.
