Hancock Prospecting lifts stake in Australia's Arafura Rare Earths

Arafura Rare Earths

28/10/2025 23:04

Oct 29 (Reuters) - Billionaire Gina Rinehart's Hancock Prospecting has raised its stake in Australia's Arafura Rare Earths ARU.AX to nearly 15.7%, the latter said on Wednesday while announcing an around A$475 million ($308.65 million) placement via two tranches.

($1 = 1.5389 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru; Editing by Alan Barona)

 ((Sneha.Kumar@thomsonreuters.com))