Business
Arafura Resources raising $40 million for rare earths mine – The Australian Financial Review
Arafura Resources is offering almost a 30 per cent discount on its last close price to investors in the hopes of securing funds…
The company, which is led by Gavin Lockyer, has secured the necessary permits for the mine and is shovel ready, with first production expected in 2024.
The mine produces a rare earth resource called Neodymium and praseodymium (NdPr), putting it in competition…
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