The rare earths miner said its board had concluded it would not engage with retail and industrial conglomerate Wesfarmers, stating its unsolicited takeover offer undervalues Lynas' intellectual property.
The controversial Trans Mountain Expansion Project is structured in a way that makes it difficult to determine how much Canadian taxpayers are paying now and will pay in the future.
The company, which in March more than doubled the size of the vanadium property, believes that Carlin’s maiden resource will provide a base for an economic study.