Lynas Corporation Limited (ASX:LYC) has extended its net loss to $54.5 million in the first half of the 2013 financial year, widening from a loss of $28.7 million the year before.
The rare earths developer achieved producer status in the interim reporting period at its Malysian refinery.
Lynas has also advised it will receive $15.2 million which relates to research and development expenditure, incurred mainly on its Mt Weld
Rare Earths Project in Western Australia over the 2012 financial year.
The payment will be made under the Australian research and development tax incentive program which helps businesses to offset a portion of costs relating to eligible activities and innovation.
Shares in Lynas Corporation fell 1.72 per cent on Friday to end the week at $0.57 before the announcements were made.
