Arafura’s Final Investment Decision Pushed to Mid-2026 Amid Strong Cash Position
30.01.2026 - 19:29:05
Australian rare earths developer Arafura Rare Earths has reported a significant boost in its treasury, though it has again delayed the crucial Final Investment Decision (FID) for its flagship Nolans Project. The company’s quarterly report for the period ending 31 December 2025 reveals a cash balance of A$571 million, a substantial increase from A$90 million in the prior quarter.
The surge in liquidity was primarily driven by a successful two-tranche placement, which raised A$475 million before costs. An additional A$6.4 million was contributed through a Share Purchase Plan (SPP). Further funds included A$9.8 million from Tranche 2 of a placement announced in August 2025, settled on 2 October 2025, and another A$9.8 million from an Read more...
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