Arafura Rare Earths plans $250M share sale backed by Gina Rinehart
Geopolitics · Mining.com ·
Australian miner Arafura Rare Earths plans to raise A$250 million through a share placement backed by mining magnate Gina Rinehart. The fundraising comes a day after the company approved development of its $1.6 billion Nolans rare earth project in the Northern Territory, designed to deliver 4,440 metric tons of neodymium-praseodymium oxide annually.