Li prices have recently rallied...then this, below...GL1 to also be a beneficiary of Fed. govt significant funding? We can hope!
The Federal govt. today announced a $840m grant to NT-based ARU, reinforcing the widely proclaimed Western need to be independent of China's control (& China's ban on exports of some processed "Critical Minerals" to the West!) of renewable/decarbonisation minerals.
abc.com 14.3.24 said
"...The Albanese government said the Arafura project was set to become Australia’s first combined rare earths mine and refinery and would help "[secure] Australia’s position as a renewable energy superpower"...The funding package for the project includes $495 million from the Critical Minerals Facility, $200 million through the Northern Australia Infrastructure Facility (NAIF), $115 million from Export Finance Australia’s Commercial Account, and a further $30 million in grants.
The government's backing of the Arafura project comes after a broad collapse in the global prices of critical minerals.
By the end of January, the price of lithium had droppedmore than 80 per cent within a year...
Ms King said Australia would "need more mining, not less" to meet global climate targets and to "build the solar panels, batteries and wind farms" necessary to reduce emissions".
https://www.msn.com/en-au/money/markets/federal-government-to-invest-840m-in-arafura-rare-earths-project-in-central-australia/ar-BB1jRbXN?ocid=msedgdhp&pc=LCTS&cvid=1f1cde5ebf8a4e43a629b1097c1071cf&e
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24.5¢ |
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Mkt cap ! $63.84M |
Open | High | Low | Value | Volume |
25.0¢ | 25.0¢ | 24.5¢ | $21.40K | 86.96K |
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4 | 22891 | 24.0¢ |
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Price($) | Vol. | No. |
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25.0¢ | 305480 | 7 |
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No. | Vol. | Price($) |
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3 | 20004 | 0.245 |
3 | 22764 | 0.240 |
1 | 9000 | 0.235 |
7 | 82127 | 0.230 |
2 | 53444 | 0.225 |
Price($) | Vol. | No. |
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0.250 | 301118 | 6 |
0.260 | 2250 | 1 |
0.265 | 250716 | 2 |
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0.275 | 52000 | 2 |
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