ARU 0.00% 17.5¢ arafura rare earths ltd

Arafura has already secured $100M in NAIF funding in June 2021...

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    Arafura has already secured $100M in NAIF funding in June 2021 as below:

    This NAIF support for the project 135 kilometres north of Alice Springs in the Northern Territory has come in the form of a without commitment Letter of Support.
    It sets out key terms for a potential senior debt facility:
    - Facility amount of up to A$100 million;
    - Up to 15-year facility term; and
    - Conditions that are required for a financing of such a nature.


    Very much hope you are right in that a second round of loan funding be made available.
    The latest Corporate Plan from NAIF stated in had already committed $2.1B out of an original total of $5B available.
    An additional $2B was announced on 11th Feb 2022 so not a new budget announcement. This still leaves $4.9B yet to allocate by June 2026.
    Fill out the paperwork and lobby Gavin, you just never know.

 
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