CAPITAL MARKETS

Arafura raising another $11.5M for Nolans

LONG time rare earths contender Arafura Resources is raising A$11.5 million in a rights issue as it closes in on completing a feasibility study for its Nolans project in Northern Territory by the end of the year.

 Nolans has been a long time coming.

Nolans has been a long time coming.

New shares are to be issued at a price of 8c each. Nolans is a project that could cost US$680 million to build and could produce 5-10% of global demand for the rare earth elements neodymium and praseodymium...

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