Mining Magnate, HPPL Group Further Boost Stake in Lynas Rare Earths

MT Newswires Live

01-31

Lynas Rare Earths (ASX:LYC) received notice that mining magnate and investor Georgina Hoper Rinehart, along with Hancock Prospecting and its units (HPPL Group) increased their voting power in the company to 8.21% from 7.14% on Tuesday, according to an Australian bourse filing on Friday.

Rinehart and HPPL group became Lynas' substantial shareholder in April 2024, holding 54.4 million shares representing a 5.8% voting power, an earlier filing showed.

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