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Arafura Rare Earths Ltd (ASX:ARU)

ALERT: Price-sensitive ASX Announcement for ARU
Current share price for ARU : $0.195 -0.115 (-37.10%)+
Announcement
Release
25 May 2026 8:58AM
Price at Release
$0.310
Full Release
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Summary
Arafura Rare Earths Limited announced commitments received to raise approximately A$350 million through a two-tranche institutional placement of 1,346.2 million new shares at A$0.26 per share. The placement, which includes significant participation from Hancock Prospecting, aims to support the construction of the Nolans Rare Earths Project and is expected to close in July 2026 pending shareholder approval. Arafura also plans a Share Purchase Plan to raise an additional A$25 million, subject to further approvals. The placement is a part of Arafura’s strategic efforts to establish a Western rare earths supply chain.
Key Points
  • Commitments received for A$350 million placement
  • Institutional placement to raise A$350 million at A$0.26 per share
  • Placement split into two tranches, subject to shareholder approval
  • Hancock Prospecting committed approximately A$85 million
  • Nolans Rare Earths Project construction targeted for September 2026
  • Share Purchase Plan to raise additional A$25 million
  • Arafura to resume ASX trading on 25 May 2026
  • Settlement for Tranche One expected on 28 May 2026
  • Extraordinary General Meeting scheduled for 2 July 2026
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.