{
  "commitment": {
    "id": "fin-jp-jare-lynas-2023-equity",
    "eventId": "evt-jp-jogmec-lynas-2023",
    "relationships": [],
    "instrument": "equity",
    "valueRole": "commitment",
    "capitalSource": "mixed_vehicle",
    "amount": {
      "value": "200000000",
      "currency": "AUD",
      "qualifier": "exact",
      "amountAsStated": "an additional AUD 200million worth investment in the equity of Lynas Rare Earths Limited",
      "currencyBasis": "stated"
    },
    "provider": "Japan Australia Rare Earth (JARE), co-founded by Sojitz Corporation and JOGMEC",
    "providerJurisdiction": "japan",
    "providerOrgIds": [
      "org-jare"
    ],
    "legalAuthority": null,
    "programmeId": null,
    "recipient": "Lynas Rare Earths Limited",
    "recipientOrgIds": [
      "org-lynas"
    ],
    "project": "Lynas mid-term growth plan: light rare earths production capacity expansion and heavy rare earths separation commencement",
    "projectId": null,
    "associatedProjectIds": [
      "prj-lynas-lre-capacity-expansion",
      "prj-lynas-hre-separation"
    ],
    "facility": null,
    "locations": [],
    "stages": [],
    "stageAllocation": "not_stated",
    "materialIds": [
      "rare-earth-elements",
      "dysprosium",
      "terbium"
    ],
    "materialAttribution": "tracked_only",
    "untrackedMaterialsAsStated": [],
    "financialStatusHistory": [
      {
        "status": "decided",
        "date": "2023-03-07",
        "sourceId": "src-jogmec-lynas",
        "note": null
      },
      {
        "status": "contracted",
        "date": "2023-03-07",
        "sourceId": "src-lynas-asx-20230307-jare-agreements",
        "note": "Lynas' 7 March 2023 ASX announcement states: \"The agreements were signed today at a signing ceremony in Tokyo, Japan\". The share subscription and cash receipt follow signing."
      },
      {
        "status": "disbursed",
        "date": null,
        "sourceId": "src-lynas-q3-2023-jare-cash",
        "note": "The quarterly filing confirms receipt of AUD200 million cash through an ordinary-share subscription during the March quarter; no exact transfer day is stated."
      }
    ],
    "implementationStatusHistory": [],
    "terms": [],
    "outcomes": [],
    "evidence": [
      {
        "sourceId": "src-jogmec-lynas",
        "supports": [
          "instrument",
          "value_role",
          "capital_source",
          "amount",
          "provider",
          "recipient",
          "project",
          "materials",
          "status"
        ],
        "evidence": "explicit",
        "locator": "First paragraph",
        "note": null
      },
      {
        "sourceId": "src-lynas-asx-20230307-jare-agreements",
        "supports": [
          "status"
        ],
        "evidence": "explicit",
        "locator": "Opening paragraph (signing of new agreements) and closing paragraphs (\"The agreements were signed today at a signing ceremony in Tokyo, Japan\")",
        "note": "Lynas' own announcement dated 7 March 2023 establishes execution that day. It does not state the subscription or cash-receipt day."
      },
      {
        "sourceId": "src-lynas-q3-2023-jare-cash",
        "supports": [
          "status"
        ],
        "evidence": "explicit",
        "locator": "Page 10, JARE Support for Lynas' Growth; page 11, Cash Position",
        "note": "The filing, referring to the 7 March 2023 announcement, reports the signed agreements and AUD200 million cash contributed through an ordinary-share subscription, and records the AUD200 million JARE proceeds in the March-quarter cash-flow table. It supports the disbursed status; the signing day rests on the announcement above."
      }
    ],
    "notes": "The release does not split the AUD 200 million between Sojitz and JOGMEC or between the light-rare-earth capacity expansion and heavy-rare-earth separation components of the growth plan. associatedProjectIds records both components without allocating the amount. No stage is recorded on the financing row because the plan spans distinct undertakings without a stated split. The cash receipt is confirmed by Lynas' March-quarter 2023 filing. A later HRE production milestone at Lynas Malaysia is not treated as completion of this broader, unallocated growth plan.",
    "lifecycleReview": {
      "financialStatusCheckedAt": "2026-10-02",
      "implementationStatusCheckedAt": null
    }
  },
  "event": {
    "id": "evt-jp-jogmec-lynas-2023",
    "date": "2023-03-07",
    "jurisdiction": "japan",
    "titleEn": "JARE additional equity investment in Lynas and heavy rare earth offtake"
  },
  "parents": [],
  "children": [],
  "sources": [
    {
      "id": "src-jogmec-lynas",
      "title": "Securing Supply of Heavy Rare Earths to Japan with Additional Investment to Lynas",
      "publisher": "JOGMEC",
      "url": "https://www.jogmec.go.jp/english/news/release/release_00228.html",
      "language": "en",
      "datePublished": "2023-03-07",
      "dateAccessed": "2026-07-09",
      "sourceType": "official",
      "confidence": "primary",
      "notes": "JOGMEC news release on the JARE additional equity investment in Lynas and the heavy-REE offtake. Date confirmed by fetching the primary. URL canonicalized 2026-07-09 after a JOGMEC site restructure (news_10_00029.html now redirects here); content re-verified as the same release."
    },
    {
      "id": "src-lynas-asx-20230307-jare-agreements",
      "title": "JARE EXTENDS SUPPORT FOR LYNAS GROWTH PLAN",
      "publisher": "Lynas Rare Earths Limited / ASX",
      "url": "https://wcsecure.weblink.com.au/pdf/LYC/02640930.pdf",
      "language": "en",
      "datePublished": "2023-03-07",
      "dateAccessed": "2026-10-03",
      "sourceType": "other",
      "confidence": "primary",
      "notes": "Lynas' two-page ASX market announcement dated 7 March 2023, read in full from the weblink.com.au copy of the ASX filing (the ASX-hosted PDF was not located). Its opening says Lynas is pleased to announce the signing of new agreements with JARE, and it states: \"The agreements were signed today at a signing ceremony in Tokyo, Japan\", so execution on 7 March 2023 is expressly stated. It sets out JARE's AUD$200 million contribution through a subscription for ordinary shares priced off the VWAP around the announcement, so the subscription and cash receipt come after signing; the receipt day is stated in no source reviewed. This recipient announcement supports the contract date and terms it states, not government framing."
    },
    {
      "id": "src-lynas-q3-2023-jare-cash",
      "title": "Lynas Rare Earths — Quarterly Report for the period ended 31 March 2023",
      "publisher": "Lynas Rare Earths Limited / ASX",
      "url": "https://announcements.asx.com.au/asxpdf/20230421/pdf/45nw3k77phf61l.pdf",
      "language": "en",
      "datePublished": "2023-04-21",
      "dateAccessed": "2026-10-02",
      "sourceType": "other",
      "confidence": "primary",
      "notes": "ASX-filed quarterly report, read in full on 2026-10-02. Page 10 says that, \"As announced on 7 March 2023\", Lynas signed new JARE agreements and that JARE provided AUD200 million in cash through an ordinary-share subscription; the signing day itself is established by the 7 March 2023 announcement (src-lynas-asx-20230307-jare-agreements), not by this report. Page 11 records the AUD200 million JARE proceeds in the March-quarter cash-flow table. The exact cash-transfer day is not stated. This recipient filing supports its direct financing disclosures, not government framing or completion of the entire growth plan."
    }
  ]
}