Brief: Arafura Launches A$20M Placement And A$7M SPP
July 24 (Reuters) - Arafura Rare Earths Ltd ARU.AX :
* ARAFURA LAUNCHES A$20M PLACEMENT AND A$7M SPP
* CAPITAL RAISING EXPECTED TO SUPPORT ADVANCEMENT OF FUNDING
INITIATIVES
* CAPITAL RAISING PROVIDES A SUFFICIENT CASH RUNWAY THROUGH
TO
MID-2025
* FUNDS RAISED WILL ALSO BE UTILISED FOR ACTIVITIES
NECESSARY TO
SUPPORT CRITICAL PATH ACTIVITIES, OTHERS
Further company coverage: ARU.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Arafura Rare Earths
See all newsBrief: Arafura Rare Earths Enters Binding Offtake Agreement
Brief: Arafura Rare Earths Extends Offtake Agreement With Global Wind Turbine OEM
Australia's Arafura gains on extending offtake deal with global wind turbine maker
Brief: Arafura Rare Earths Says Peter Sherrington To Resign As CFO
Arafura Rare Earths set to mark best week in 2 months on rare earth feed deal