Arafura Locks in Funding, US Offtake for Nolans

Arafura locks in funding, US offtake for Nolans

Arafura expects to lock in an FID for its rare earths play before June 30.

Arafura inks US rare earths offtake deal

Drilling at the Nolans rare earths project in the NT. Image: Arafura Rare EarthsArafura Rare Earths has strengthened the commercial foundations of its Nolans rare earths project in the Northern Territory, executing a binding term sheet with Traxys North America for the supply of 500 tonnes per annum (tpa) of neodymium-praseodymium (NdPr) oxide. The agreement follows a separate deal signed with Traxys Europe SA last year for the supply of 300tpa …