MEMBER NEWS: Arafura Rare Earths receives investment of A$200 million from the National Reconstruction Fund

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๐Ÿ“ข MEMBER NEWS ๐Ÿ“ข

We would like to share our sincere congratulations to our Immerse Member, Arafura Rare Earths Limited for receiving an investment of A$200 million from the National Reconstruction Fund for their Nolans Project. This funding highlights the project's national importance in advancing Australia's rare earths capabilities and building a resilient global supply chain.

Managing Director and CEO of Arafura, Darryl Cuzzubbo stated that this demonstrates the strategic and economic importance of Nolans to the Northern Territory and Australia more broadly.

Rare earth elements like NdPr are essential for magnets used in electric vehicles and wind turbines, and Arafuraโ€™s success strengthens the global supply chain for these critical components. This will also support Arafura's efforts to attract Korean investment, reinforcing the Australia-Korea connection in critical minerals and clean energy.

We are excited to see the ongoing growth of this project and its positive impact on Australia-Korea partnerships.

Read more below ๐Ÿ‘‡
https://wcsecure.weblink.com.au/pdf/ARU/02903168.pdf

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