Lynas Corporation (ASX:LYC) has been in extensive consultation with the Malaysian government and regulators about the disposal of neutralisation underflow residue known as (NUF).
The company has now agreed a pathway for the management of NUF.
NUF is one of two solid residues produced at the Lynas Malaysia plant.
It is non-radioactive and non-toxic – it is a magnesium rich gypsum.
The updated NUF action plan includes commercialization options for NUF and a long term NUF disposal solution.
At this stage, Lynas does not expect that this will involve material additional compliance costs.
Lynas remain in ongoing discussions with the Malaysian government to seek to resolve the remaining issues related to WLP, which is the other solid residue produced at the Lynas Malaysia plant.
Shares in Lynas Corporation (ASX:LYC) closed 0.91 per cent lower to $1.64.