middle.news
How Arafura’s A$80M Placement Fuels Nolans Project Momentum
8:28pm on Friday 29th of August, 2025 AEST
•
Mining
Read Story
How Arafura’s A$80M Placement Fuels Nolans Project Momentum
8:28pm on Friday 29th of August, 2025 AEST
Key Points
A$80 million two-tranche institutional placement at A$0.19 per share
A$5 million non-underwritten share purchase plan for existing shareholders
Strong support from domestic and international institutional investors including Hancock Prospecting
Cash balance to reach ~A$107 million before costs post-settlement
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Arafura Rare Earths (ASX:ARU)
OPEN ARTICLE