Canaccord initiated coverage of Arafura Rare Earths with a Speculative Buy rating and A$0.75 price target. The Australian-based development company that owns 100% of the Nolans Rare Earth Project has progressed Nolans to near-term FID status with a target of March and intends to build a fully integrated rare earth production facility in Australia, the firm tells investors.
Published first on TheFly
