Gina Rinehart-backed Arafura Rare Earths pressed play on a small equity raising on Wednesday morning, a day after it said it had lined up $US775 million ($1.167 billion) in debt funding for its Nolan critical minerals project in Northern Territory.
Fund manager sources were told to expect a deal size in the order of $20 million, a sliver of the $US793 million that the company has flagged it would need.
ARU$0.190
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Source: Financial Review
- 9.43am — Jul 24, 2024
Ann: Trading Halt, page-17
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