PROJECT FINANCE

Big backing for Arafura's rare earth plan

THE heat in the rare earths space and Arafura Resources' advanced Nolans project in the Northern Territory have combined to help support the explorer's transition to miner with the announcement of a fully-underwritten, non-renounceable entitlement offer to raise A$23.2 million.

Arafura's remote location in the Top End.

Arafura's remote location in the Top End.

Talaxis, a subsidiary of Asian raw resources trading and logistics powerhouse Noble Group, has agreed to sub-underwrite $7.2 million of the entitlement offer, which is being managed by Patersons Securities. ...

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