Latest news for Arafura Rare Earths (OTC:ARAFF) Stock

Arafura Rare Earths Ltd is engaged in mineral exploration, definition, and development of Neodymium-Praseodymium oxide and Mixed middle-heavy rare earth oxide products, mining and associated infrastructure, social and environmental feasibility evaluations, and Nolans Project engineering studies. Its products are used in catalytic converters in automobiles, consumer electronics, energy-efficiency lighting, optics, super alloys, advanced ceramics, and high-strength magnets.

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EDC approves $300 million financing for Arafura&#39;s Nolans rare earths project, highlighting its geostrategic importance in global supply chain.

GE Vernova Helps Secure $300M For Arafura&#39;s Rare Earth Project, Targets Stronger Supply Chain

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The performances of precious metals have diverged wildly in 2020. 

Australian Mining And Technology Metals Companies Set To Take Stage At Investor Conference

ARAFURA RESOURCES NL by Arafura Resources NL

Arafura Rare Earths Ltd

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Limited is set to advance its Nolans Project with conditional approv...

Arafura Secures Key Funding for Nolans Project

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Ltd has announced the cessation of nearly 7 million performance righ...

Arafura Rare Earths Announces Security Cessations

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Limited has successfully secured major debt funding for its Nolans P...

Arafura Secures Billion-Dollar Project Financing

Arafura Resources Limited (AU:ARU) has released an update. Arafura Resources Limited has achieved a significant debt funding milestone, which is a ...

Arafura Advances with Major Debt Funding Milestone

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Limited has achieved a crucial step in their Nolans Project, securin...

Arafura Secures Funding for Nolans Project

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Ltd has announced a new securities issue, proposing to issue up to 6...

Arafura Announces Major New Securities Issue

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Ltd announced a new securities issue of 36,268,000 ordinary fully pa...

Arafura Plans Major New Securities Issue

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Limited has initiated a capital raise of A$20 million through a full...

Arafura Kickstarts Major Capital Raise for Nolans Project

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Limited has successfully secured A$20 million through a fully underw...

Arafura Raises A$20 Million in Oversubscribed Placement

Arafura Resources Limited (AU:ARU) has released an update. Arafura Rare Earths Pty Ltd has announced the departure of director Christopher Stephen ...

Arafura Announces Director Christopher Tonkin's Exit

Arafura Rare Earths

Export Development Canada (EDC) has conditionally approved $300 million in debt financing for Arafura Resources' (OTCPK: ARAFF) Nolans rare earths project. This funding, facilitated by GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), is a step forward in securing the necessary funding for the project, which is essential for the global supply chain of<a href="https://www.benzinga.com/etfs/23/07/33233340/rare-earth-elements-explained"> rare earth materials</a> used in offshore wind turbines, electric vehicles, and other advanced technologies.



&#8220;Debt financing from EDC signifies the increasing geostrategic importance of the Nolans project and securing global diversity in the NdPr [neodymium and praseodymium] supply chain,&#8221; <a href="https://wcsecure.weblink.com.au/pdf/ARU/02810642.pdf">said</a> Arafura managing director Darryl Cuzzubbo.



This financing builds on previous support, including $100 million from the Australian government's Northern Australia Infrastructure Facility and $125 million from Export Finance Australia. The Export-Import Bank of Korea also issued a letter of interest for up to $75 million.



Now read:<a href="https://www.benzinga.com/government/24/05/39029408/us-military-invests-15-million-in-canadian-mineral-projects-to-secure-critical-resources"> US Military Invests $15 Million in Canadian Mineral Projects To Secure Critical Resources</a>



The combined financial backing underscores the strategic significance of the Nolans project, which will include a mine, processing plant, and related infrastructure at the Nolans site.



Located 135 kilometers north of Alice Springs, Australia, the Nolans project is expected to operate for at least 23 years, producing approximately 1 million to 1.3 million tons of ROM ore annually and 316,000 tons per annum of concentrate. It will yield significant amounts of neodymium (Nd) and praseodymium (Pr), which are crucial for manufacturing ultra-strong permanent magnets used in electric vehicles, wind turbines, smartphones, and robotics.



GE Vernova signed a strategic partnership with Arfura in 2022, recognizing its potential for providing a stable supply of rare earth materials for its renewable projects. Facilitating the financing from EDC was but one step in strengthening that partnership.



Arafura has already completed a comprehensive due diligence process with financiers and is in advanced negotiations for offtake agreements with potential buyers. The EDC facility&#8217;s availability is contingent upon Arafura achieving an 80% binding offtake target, a slight revision from the previously stated 85%. Additionally, Arafura is in discussions with a select group of international and domestic banks to finalize the remaining project financing.



The conditional approvals from EDC and the Australian government are expected to provide impetus for finalizing credit approvals from the remaining lenders.



Also read:<a href="https://www.benzinga.com/markets/commodities/24/05/39007586/lithium-market-may-have-turned-a-corner-but-dont-expect-2022-style-rally"> Lithium Market May Have Turned A Corner, But Don&#8217;t Expect 2022-Style Rally</a>



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!



Photo: Shutterstock

GE Vernova Helps Secure $300M For Arafura's Rare Earth Project, Targets Stronger Supply Chain

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.

The performances of precious metals have diverged wildly in 2020.&nbsp;

Spot gold is up 15% year-to-date (as of May 19) and is flirting with eight-year highs as concerns about global economic growth drive demand in the safe haven. Silver, which is coming off an 11-year low hit in March, has rebounded to about unchanged on the year.&nbsp;

But the market has not been as kind to the lesser-known metals. The Metals &amp; Minerals Price Index&mdash;a weighted average of aluminum, copper, iron ore, lead, nickel, tin, and zinc prices&mdash; is down 15% year-to-date. All of this puts the mining and metals industry in a unique situation, as the market places a premium of one precious metal over all others.&nbsp;

Metals investors will get some color on the market Thursday at the <a href="https://www.virtualinvestorconferences.com/events/event-details/australian-mining-and-technology-metals-investor-conference?utm_source=Article&amp;utm_medium=Benzinga&amp;utm_campaign=052120%20Show%20less">Australian Mining and Technology Metals Investor Conference</a>. Executives from nine metals and mining companies will provide updates on their property positions, development schedules, recent performance.&nbsp;

The first slate of presentations will consist of Australian miners&mdash;Australia is the world&rsquo;s second-largest gold producer <a href="https://www.google.com/search?ei=OTLEXrSeF8i4tQX5yaGgDQ&amp;q=largest+mining+countries+in+the+world&amp;oq=largest+mining+countries+in+the+world&amp;gs_lcp=CgZwc3ktYWIQAzIGCAAQBxAeMggIABAIEAcQHjIICAAQCBAHEB4yCAgAEAgQBxAeOgQIABBHUIwsWPoxYOMyaABwBHgAgAGxAogBtwiSAQcwLjYuMC4xmAEAoAEBqgEHZ3dzLXdpeg&amp;sclient=psy-ab&amp;ved=0ahUKEwj0nvC608DpAhVIXK0KHflkCNQQ4dUDCAw&amp;uact=5">according to U.S. Global Investors</a>&mdash;while the second slate will focus on North American technology metals companies.&nbsp;

The conference will also feature a number of keynote presentations. The Honorable Bill Johnston, minister of mines, Western Australia and Dr. Richard Blewett, head of mineral systems, Geoscience Australia will discuss national and state initiatives encouraging mineral exploration investment and supporting mining development. Jack Lifton, director, Industrial Policy Institute will discuss the importance of government industrial policy securing a supply chain of technology metals.&nbsp;

Below is the schedule for the conference. Each presentation is followed by a virtual Q&amp;A session with attendees and is available on demand.

To register for Thursday&rsquo;s conference, <a href="https://www.virtualinvestorconferences.com/events/event-details/australian-mining-and-technology-metals-investor-conference?utm_source=Article&amp;utm_medium=Benzinga&amp;utm_campaign=052120%20Show%20less">click here</a>.

9:00 AM ET: Keynote Presentations 
Speakers: The Honorable Bill Johnston, Minister of Mines, Western Australia and Dr. Richard Blewett, Head of Mineral Systems, Geoscience Australia

9:30 AM ET Northern Minerals Ltd. (ASX: NTU) 
Speaker: George Bauk, Managing Director, CEO

10:00 AM ET Arafura Resources Ltd. ((ASX: ARU, OTC:<a class="ticker" href="https://www.benzinga.com/stock/ARAFF#OTC">ARAFF</a>) 
Speaker: Gavin Lockyer, Managing Director

10:30 AM ET Lake Resources N.L. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/LLKKF#OTCQB">LLKKF</a>, ASX: LKE)) 
Speaker: Steve Promnitz, Managing Director 
About: Lake Resources NL&nbsp; is a lithium exploration company undertaking an aggressive program to explore prime lithium basins and lithium pegmatites in Argentina, among some of the largest players in the lithium sector. Lake holds one of the largest lithium tenement packages in Argentina (~165,000 Ha), controlled 100% by Lake.

11:00 AM ET Thor Mining PLC (ASX: THR &#x7C; AIM: THR) 
Speaker: Mick Billing, Chairman

11:30 AM ET Theta Gold Mines Ltd. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/TGMGF#OTCQB">TGMGF</a>, ASX: TGM)) 
Speaker: Bill Guy, Chairman 
About: Theta Gold Mines Limited is a gold development company that holds a range of prospective gold assets in a world-renowned South African gold mining region. Across ~620,000 hectares of Mining Rights, the Company controls the entire East Transvaal Gold Fields, with an existing JORC Resources of over 6Moz @ 4.18g/t. The Company aims to build a solid production platform to over 150kozpa based primarily around shallow, open-cut or adit-entry hard rock mining sources.

12:00 PM ET Keynote Presentation: A Perspective on Prioritizing the Critical Metals 
Speaker: Jack Lifton, Director, Industrial Policy Institute

12:30 PM ET Millennial Lithium Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/MLNLF#OTCQX">MLNLF</a>, TSXV:<a class="ticker" href="https://www.benzinga.com/stock/ML#TSXV">ML</a>, Frankfurt: A3N2: GR)) 
Speakers: Farhad Abasov, President and CEO / Director; Alex Langer, Vice President Capital Markets 
About: Millennial has a portfolio of exploration properties containing known deposits of Lithium.

1:00 PM ET Nouveau Monde Graphite Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/NMGRF#OTCQX">NMGRF</a>, TSXV:<a class="ticker" href="https://www.benzinga.com/stock/NOU#TSXV">NOU</a>, Frankfurt: NM9)) 
Speaker: Christina Lalli, Director, Investor Relations 
About: Nouveau-Monde is a Quebec based Canadian junior mining company that focuses on the development of its world-class natural graphite asset located in the town of St-Michel-des-Saints some 130 km north of Montreal. On top of producing graphite concentrate through typical crushing-grinding-flotation flowsheet, the company targets to process further their graphite flake in a second transformation for manufacturing purified spherical graphite to be sold into the Lithium-Ion Battery (LiB) market.

1:30 PM ET Energy Fuels Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#NYSE">UUUU</a>) (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EFR#TSX">EFR</a>) 
Speaker: Mark Chalmers, President &amp; Chief Executive Officer 
About: Energy Fuels Inc is a uranium producer. It holds three of America&#39;s key uranium production centers: The White Mesa Mill in Utah, the Nichols Ranch ISR Facility in Wyoming, and the Alta Mesa ISR Facility in Texas. Its producing White Mesa Mill is the only conventional uranium mill in the US and has a licensed capacity of approximately 8 million pounds of U3O8 per year. Nichols Ranch is in production and has a licensed capacity of approximately 2 million pounds of U3O8 per year. Alta Mesa is currently on standby. In addition, it also produces vanadium. Energy Fuels also owns several licensed and developed uranium and vanadium mines on standby and other projects in development.

2:00 PM ET GoGold Resources, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GLGDF#OTCQX">GLGDF</a>, TSX:<a class="ticker" href="https://www.benzinga.com/stock/GGD#TSX">GGD</a>) 
Speaker: Brad Langille, President &amp; CEO 
About: GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings project in the state of Chihuahua and has the Los Ricos exploration project in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.&nbsp;

To register for Thursday&rsquo;s conference, <a href="https://www.virtualinvestorconferences.com/events/event-details/australian-mining-and-technology-metals-investor-conference?utm_source=Article&amp;utm_medium=Benzinga&amp;utm_campaign=052120%20Show%20less">click here</a>.

The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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