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Arafura Raises A$350 Million to Kickstart Nolans Construction
8:58am on Monday 25th of May, 2026 AEST
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Arafura Raises A$350 Million to Kickstart Nolans Construction
8:58am on Monday 25th of May, 2026 AEST
Key Points
Two-tranche institutional placement raises A$350 million
Hancock Prospecting commits ~A$85 million, increasing stake to 17.5%
Shareholder approval required for second tranche and share purchase plan
Pro forma cash balance to reach ~A$1.34 billion post-settlement
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