viewArafura Resources Ltd

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.

Quick facts: Arafura Resources Ltd

Price: 0.056 AUD

Market: ASX
Market Cap: $59.07 m

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Arafura Resources makes 'significant' increase to mine life at Nolans NdPr...

Arafura Resources Limited's (ASX:ARU) Richard Brescianini speaks to Proactive London's Andrew Scott soon after announcing updated ore reserves for its 100% owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory. The increase now supports 33 years of production – an...

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