($1 = 1.4928 Australian dollars) (Reporting by Echha Jain in Bengaluru; Editing by Subhranshu Sahu)
(Corrects typographical error in company name in headline)
March 7 (Reuters) - Australia's Lynas Rare Earths Ltd said on Tuesday it secured a A$200 million ($133.98
million) funding from Japan to develop its current and planned
projects aimed at increasing light and heavy rare earth
materials output, and bolster its balance sheet.
The agreement with Japan Australia Rare Earths B.V., a
special purpose company between state-owned Japan Organization
for Metals and Energy Security and Sojitz Corp , will
also forego a historical $11.5 million interest due under a
prior loan.
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