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Arafura Resources to meet with U.S. manufacturing association in D.C. and potential off-take partners

Arafura Resources Ltd (OTCMKTS:ARAFF) (ASX:ARU) CEO Gavin Lockyer tells Proactive Investors the Australian-based NdPr (Neodymium and praseodymium) exploration company is meeting with New York-based investors in New York, and with the National Association of Manufacturers, the largest manufacturing association in the U.S., in Washington, D.C.

Lockyer is in the U.S. on the heels of releasing the companies' definitive feasibility study from its Nolans NdPr project in Australia, to pitch its potential supply of NdPr to U.S. manufacturers, as China currently supplies 80% of the world's NdPr. The company is looking for $1b to finance its NdPr mining project. NdPr is a rare Earth element.

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Price: 0.078 AUD

ASX:ARU
Market: ASX
Market Cap: $82.28 m
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Arafura Resources advancing towards commercialisation at its NdPr project in...

Arafura Resources Limited's (ASX:ARU) managing director Gavin Lockyer updates Proactive's Andrew Scott on latest developments at its 100 per cent-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory. He says while there has been limited impact on company activities from...

on 7/4/20

2 min read