Arafura Resources Limited (AU:ARU) has released an update.
Arafura Resources Limited has made significant strides in the first quarter of 2024 towards a final investment decision for the Nolans Project, securing US$533 million in government debt finance support and making key executive appointments, including a new CEO and COO. The company has successfully raised A$6.5 million for interim funding and is preparing for construction, which will begin immediately after the investment decision. Looking ahead, Arafura is focused on securing additional funding and off-take agreements while commencing a scoping study for the project’s second phase.
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