Yes it is. TMRC does not very much Neodymium, which Arafura has a lot of. This is why TMRC is looking to partner with Arafura. See this article:
https://www.globenewswire.com/news-release/2019/12/23/1963962/0/en/USA-Rare-Earth-and-Australian-Rare-Earth-Company-Arafura-Resources-Enters-Into-Strategic-Relationship.html
They have been planning it.
Also, there have been rumors about feeding their stock of future magnets into not only defense, but Tesla due to articles like this:
https://www.google.com/amp/s/insideevs.com/news/399281/elon-musk-tesla-gigafactory-texas/amp/
Ann: 2020 Activity Outlook, page-16
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