ASX:ARUMetals and Mining
New Indian Offtake Deal And Nolans Build-Out Might Change The Case For Investing In Arafura Rare Earths (ASX:ARU)
Arafura Rare Earths recently signed a binding term sheet with an Indian industrial group to supply 500 tonnes per year of neodymium-praseodymium oxide, while moving closer to finalising funding and preparing to start construction at its Nolans rare earths project in the Northern Territory.
This combination of a new long-term offtake partner, progressing government-backed funding and imminent project build-out underlines Nolans’ role in diversifying global magnet rare earth supply...