Arafura Rare Earths Secures $159 Million for Nolans Project Expansion
Arafura Rare Earths has secured $159 million in funding through binding agreements with Kreditanstalt für Wiederaufbau and Export Finance Australia to boost its Nolans project in the Northern Territory. The funding will support the development of the first combined rare earths mine and refinery in the region. The project aims to supply 4,440 metric tons of neodymium-praseodymium oxide annually starting from the second half of 2029, representing around 4% of global supply. This investment is part of a broader effort to develop rare earths supply chains outside of China, the top producer. 
