Arafura Rare Earths secures full $1.6B funding for the Nolans project, paving the way for construction. This milestone confirms financing and sets a groundbreaking date for next month.

Arafura Rare Earths has confirmed it has secured full financing of approximately US$1.6 billion for its Nolans project. This achievement follows a multi-stage funding strategy, including a prior A$350 million institutional placement. Investors can now anticipate a clear construction timeline without further capital raises. Hancock Prospecting contributed A$85 million and is set to hold a 17.5% stake upon transaction closure.