IM Rare Earths News in Brief: 10-16 June

By Antonio Torrisi
Published: Monday, 16 June 2014

Alkane Resources raise $9.8m for its DZP project; Arafura Resources to build rare earths separation plant in the US; Spectrum Rare Earths sells Arnhem Minerals to Uranium Equities

Australian junior Alkane Resources Ltd has raised Australian dollar (A)$10.4m ($9.8m*) via a placement to institutional and sophisticated investors, including various funds managed by Fidelity Worldwide Investment, a shareholder of the company.

The placement consists of 40m shares at A$0.26/share, a 4% discount to the last sale...

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