Australia's Arafura Rare Earths slumps to near 3-week low on discounted placement

Arafura Rare Earths

28/10/2025 23:40

** Shares of Arafura Rare Earths ARU.AX fall as much as 22.7% to A$0.29, their lowest level since October 10

** The rare-earths miner to raise A$475 million ($308.66 million) at A$0.28 per share

** Offer price represents a discount of 25.3% to stock's last close

** Largest shareholder, Hancock Prospecting, raises stake in Arafura to 15.7%, committing ~A$125 million to the fund raise

** Shares last down 16.7% at A$0.313, on track for worst session since December 14, 2023

** Stock up 171.7%, YTD

   ($1 = 1.5389 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))