Proactive Investors - Run By Investors For Investors

Arafura Resources prepares to raise capital, shares halted

Shares last traded at 7.5 cents before the company entered a trading halt.
asx sign through glass window
Yesterday the company revealed it proposes to build its Separation Plant onshore

Arafura Resources Ltd (ASX:ARU) has been granted a trading halt this morning pre-market as it prepares to raise capital.

Shares will remain halted until the earlier of the start of normal trading on Monday, November 12, or when the capital raising announcement is released to the market.

READ: Arafura Resources reveals plan to build rare earth Separation Plant on site, DFS on track

Arafura is in the process of finalising a definitive feasibility study (DFS) on its flagship 100%-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.

The company recently said it was on track to complete the Nolans DFS in the coming weeks and continues to advance funding and offtake discussions so that a final investment decision may be reached in 2019.

View full ARU profile View Profile

Arafura Resources Ltd Timeline

Related Articles

1553176178_Kwale---workers.jpg
Fri
Base Resources is now debt free, with revenue on the rise and a new project advancing well
Vast Resources
January 04 2019
Chief executive Andrew Prelea said Vast Resources is focused on improving results in its core operations in Romania and Zimbabwe.
coal
September 04 2018
Regency’s partner LHC (Legacy Hill Coal) is the operator of MET and has a 53% stake, with the UK business owning the rest

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use