ARU 0.00% 16.0¢ arafura rare earths ltd

Where did I mention any dates? There are actually four RFI's,...

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    Where did I mention any dates?

    There are actually four RFI's, each for up to $20M in matching funds.

    LRE processing
    HRE processing
    Metal & alloy making
    NdFeB manufacture

    Prerequisite is the operation must be US based and importantly the applicant must be able to demonstrate a commercial mkt well beyond the small DoD offtake, to ensure a sustainable business, that eliminates all the wannabes & ambulance chasers.

    Scale of US proposal is NOT going to trigger any massive US offtakes for Defence Export Facility funding, even if they replaced total US Chinese NdFeB imports it's only going to represent ~1500tpa NdPr, and that's certainly not going to happen overnight.
 
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