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Arafura Secures A$200 Million Boost for Nolans Rare Earths Project
8:23am on Wednesday 15th of January, 2025 AEDT
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Mining
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Arafura Secures A$200 Million Boost for Nolans Rare Earths Project
8:23am on Wednesday 15th of January, 2025 AEDT
Key Points
A$200 million convertible notes commitment from NRFC
15-year tenor with a 7-year conversion period and 40% premium conversion price
Investment supports final investment decision and equity financing for Nolans Project
Convertible notes are unsecured and subordinated to project financing
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Arafura Rare Earths (ASX:ARU)
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