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Arafura Rare Earths Ltd (ASX:ARU)

ALERT: Price-sensitive ASX Announcement for ARU
Current share price for ARU : $0.215 0.04 (22.86%)+
Announcement
Release
31 Jul 2026 8:22AM
Price at Release
$0.175
Full Release
download
Summary
Arafura Rare Earths Ltd released its Quarterly Activities Report for the period ending 30 June 2026. The report highlights several key developments, including the final investment decision for the Nolans Project, significant project designation by the Northern Territory Government, and the execution of binding offtake term sheets for NdPr Oxide. Financial activities included a successful institutional placement and share purchase plan, with substantial funds raised and cornerstone equity subscription agreements executed. The company's cash position was strong, with total term deposits and cash and cash equivalents amounting to A$723 million. Procurement and project execution plans are advancing, setting the stage for construction to begin in September 2026.
Key Points
  • Final Investment Decision announced on 21 May, with construction to begin in September 2026.
  • The Nolans Project is the first Significant Project under the Northern Territory Government's Territory Coordinator Act 2025.
  • Two binding offtake term sheets executed with Traxys North America and an Indian group for NdPr Oxide.
  • Completed A$350 million institutional placement and A$11.5 million Share Purchase Plan.
  • Cornerstone equity subscription agreements executed with Export Finance Australia and the German Raw Materials Fund.
  • Letter of Support from EFA for up to 500 tonnes per annum of NdPr Oxide.
  • Total term deposits, cash and cash equivalents of A$723 million as of 30 June 2026.
  • Procurement activities advanced with packages uploaded to the Industry Capability Network Gateway.
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.