{ "projectionVersion": "smpt-investigation-1", "projectId": "prj-lynas-lre-capacity-expansion", "corpus": { "revision": "2026-11-03", "legalStatusCutoff": "2026-11-03", "view": "current_corpus_revision", "notice": "Curated corpus revision, not source freshness or historical known-as-of coverage. Financial histories retain their own status dates." }, "project": { "id": "prj-lynas-lre-capacity-expansion", "name": "Lynas light rare earth production capacity expansion", "sponsorOrgIds": [ "org-lynas" ], "locations": [], "stages": [], "materialIds": [ "rare-earth-elements" ], "materialAttribution": "tracked_only", "untrackedMaterialsAsStated": [], "evidence": [ { "sourceId": "src-jogmec-lynas", "supports": [ "name", "sponsors", "materials" ], "evidence": "explicit", "locator": "First paragraph", "note": "JOGMEC says the AUD 200 million contribution is used for Lynas' mid-term growth plan, including expansion of light rare earth production capacity. The release does not state a project site or a supply-chain stage precise enough to code." } ], "notes": "One component of the unsplit Lynas growth plan financed by JARE's AUD 200 million equity subscription; no amount is allocated to this project." }, "organizations": [ { "id": "org-jare", "name": "Japan Australia Rare Earth (JARE)", "nameOriginal": null, "aliases": [ "JARE" ], "kind": "joint_vehicle", "roles": [ { "role": "provider", "recordId": "fin-jp-jare-lynas-2023-equity" } ], "evidence": [ { "sourceId": "src-jogmec-lynas", "supports": [ "name", "kind", "parents" ], "evidence": "explicit", "locator": "First paragraph", "note": "\"Japan Australia Rare Earth (“JARE”), co-founded in 2011 by Sojitz Corporation (“Sojitz”) and Japan Organization for Metals and Energy Security (“JOGMEC”)\"" } ] }, { "id": "org-lynas", "name": "Lynas Rare Earths Limited", "nameOriginal": null, "aliases": [ "Lynas Rare Earths Ltd", "Lynas" ], "kind": "company", "roles": [ { "role": "registered_sponsor", "recordId": "prj-lynas-lre-capacity-expansion" }, { "role": "recipient", "recordId": "fin-jp-jare-lynas-2023-equity" } ], "evidence": [ { "sourceId": "src-jogmec-lynas", "supports": [ "name", "kind", "country" ], "evidence": "explicit", "locator": "First paragraph; Overview of Lynas", "note": "\"an Australian rare earths company\"; listed on the Australian Stock Exchange, headquartered in Perth." } ] } ], "financialInstruments": [], "nonallocativeAssociations": [ { "id": "fin-jp-jare-lynas-2023-equity", "eventId": "evt-jp-jogmec-lynas-2023", "instrument": "equity", "valueRole": "commitment", "capitalSource": "mixed_vehicle", "projectRelationship": "nonallocative_association", "projectId": null, "associatedProjectIds": [ "prj-lynas-lre-capacity-expansion", "prj-lynas-hre-separation" ], "amount": { "value": "200000000", "currency": "AUD", "qualifier": "exact", "amountAsStated": "an additional AUD 200million worth investment in the equity of Lynas Rare Earths Limited", "currencyBasis": "stated", "basisNote": null, "basisLabel": null }, "amountBasis": "current_recorded_terms_not_historical_totals", "provider": "Japan Australia Rare Earth (JARE), co-founded by Sojitz Corporation and JOGMEC", "providerJurisdiction": "japan", "providerOrgIds": [ "org-jare" ], "recipient": "Lynas Rare Earths Limited", "recipientOrgIds": [ "org-lynas" ], "programmeId": null, "legalAuthority": null, "facility": null, "locations": [], "materialIds": [ "rare-earth-elements", "dysprosium", "terbium" ], "stages": [], "currentFinancialStatus": "disbursed", "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." } ], "legacyPhysicalObservations": [], "terms": [], "statedOutcomes": [], "relationships": [], "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." } ], "designations": [], "nativeMilestones": [], "policyContexts": [ { "id": "evt-jp-jogmec-lynas-2023", "relationship": "finance_or_designation_parent", "jurisdiction": "japan", "issuingBody": "JOGMEC / Sojitz (JARE)", "titleEn": "JARE additional equity investment in Lynas and heavy rare earth offtake", "titleOriginal": "JARE additional equity investment in Lynas and heavy rare earth offtake", "documentNumber": null, "date": "2023-03-07", "policyStatus": "active", "sourceIds": [ "src-jogmec-lynas" ] } ], "coannouncedControls": [], "financePackageReferences": [], "unknowns": [ "No project-native source-reviewed industrial milestone is published. Attributed activity in financing histories remains a separate evidence class; no exact milestone date or facility-wide conclusion is inferred.", "Historical amount review is incomplete. Current amounts cannot be read as a time series of earlier commitments.", "Shared financing is not allocated among the named projects and is excluded from this project's stack and backers.", "Structural links and shared materials do not demonstrate that a government measure caused an industrial outcome." ], "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", "sourceType": "official", "confidence": "primary", "publishedOn": "2023-03-07", "accessedOn": "2026-07-09" }, { "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", "sourceType": "other", "confidence": "primary", "publishedOn": "2023-03-07", "accessedOn": "2026-10-03" }, { "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", "sourceType": "other", "confidence": "primary", "publishedOn": "2023-04-21", "accessedOn": "2026-10-02" } ], "limitations": [ "Policy contexts here parent existing finance or designation records; a shared material or date never creates a causal edge.", "Coannounced controls are announcement siblings only, not project-specific restrictions or effects.", "Direct project attribution and nonallocative association are different. No individual monetary allocation, financial sum or payment conclusion is authorized.", "Financing statuses describe the current corpus revision. Legacy implementation observations require scoped review and are not project-native milestones.", "A milestone's event/target date, publication/access horizon and reviewer date are separate. A planned target is not automatically occurred.", "An absent reviewed milestone means no approved entry in SMPT, not that the facility is inactive or failed.", "Amounts retain current source-stated terms, original currency and exact decimal strings. This packet computes no historical financial totals or project-wide monetary allocation.", "Published source review does not establish independent on-site verification. Source, financial-status, occurrence, target and review dates remain distinct." ] }