A few excerpts re. Offtakes and Funding..
Once offtakes arranged, the cascade of Funding/Government newsflow will kick in. Perhaps a strategic partner as eluded to as recent as last month.
Add to the mix the recent Bloomberg article re. negotiations are down to Volumes and Dollars and expected at years end.
* In recent months offtake discussions with European parties have continued to progress, including a few
significant groups not originally considered interested, who are now engaged with Arafura with a clear priority
to secure their permanent magnet supply chains. This, coupled with additional strategic interest from parties
in other jurisdictions, has increased the pipeline of potential offtake partners now advancing discussions with
Arafura. More than ten parties are in discussion with Arafura for greater than 260% of the 4,440 tpa NdPr oxide
planned production with a view to secure 85% as binding offtake. Arafura has advanced commercial offtake
discussions with several key parties required to meet the binding offtake volume and with coordinated strategic
interest and upward revision of production plans, it is envisioned Arafura NdPr supply will be shared with fewer
strategic offtake parties.
* Triangular discussions are advancing between a European end user and their magnet suppliers to assess how
Arafura’s NdPr metal can be processed to achieve a fully traceable final magnet product. NdPr metal samples
from our tolling partner were supplied to the magnet suppliers for the purposes of pre-qualification of the
metal sample and the magnet company has confirmed the quality and suitability for use in the final high end
magnet product.
* Arafura and its Europe and Asia based advisors continue to engage with offtake partners. NdPr users in the EV
space are continuing to see the benefits of engaging upstream to secure raw materials. Its evident supply chain
risks can be mitigated via a partner approach. The momentum with offtake discussion has enabled engagement
to expand to include the options for strategic investment as part of the Nolans project funding.
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