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Arafura raises funding as financing for Nolans awaited

RARE earths aspirant Arafura Resources has topped up its coffers with a A$7 million fund raising it says will be used for “execution readiness activities” at its Nolans project in Northern Territory.

Michael Quinn
Arafura's Nolans project in the Northern Territory

Arafura's Nolans project in the Northern Territory

The funding is being priced at 6.2c per share and follows a $23 million fundraising around 12 months ago that issued shares at 8.5c. Arafura completed a definitive feasibility study for Nolans early...

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