Arafura Rare Earths Ltd (ASX:ARU)

Arafura Rare Earths Ltd announced the successful commitments for a capital raising of approximately A$475 million through a two-tranche institutional placement of new shares. Tranche one of the placement will raise approximately A$123.4 million and tranche two, subject to shareholder approval, is expected to raise approximately A$351.6 million. Hancock Prospecting Pty Ltd, Arafura's largest shareholder, committed about A$125 million, increasing its stake in the company to approximately 15.7%. The company will also conduct a share purchase plan (SPP) aiming to raise an additional A$50 million, potentially accepting oversubscriptions up to A$20 million. The funds are intended to support Arafura's Nolans Project and affirm its critical role in the diversified global supply chain. Arafura plans to resume ASX trading on 29 October 2025, with the settlement of tranche one expected on 3 November 2025 and tranche two on 11 December 2025, following shareholder approval at an EGM scheduled for 5 December 2025.