Arafura raises rare earth funds

By Mark Watts
Published: Friday, 19 February 2010

Australian developer’s share placement could raise $35m. to advance Nolans project

Arafura Resources Ltd hopes to raise over $35m. by issuing new shares to fund the development of its Nolans rare earths project in the Northern Territory of Australia.

 

The Perth-based company is aiming to produce 20,000 tpa rare earth oxides by 2013 and is working towards a feasibility study...

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