Arafura Rare Earths Secures $158.61M Investment for Nolans Project from KfW and Export Finance Australia

Published: Apr 2, 2026 14:40

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[SMM Rare Earth Flash News] Australia's Arafura Rare Earths announced that it has signed binding equity subscription agreements with Germany's KfW and Export Finance Australia, under which the two institutions will invest a combined A$230 million (approximately $158.61 million). Of this, KfW subscribed €50 million (approximately A$84 million), while Export Finance Australia subscribed $100 million (approximately A$146 million) through its critical minerals fund. The financing will be used to develop the Nolans rare earth project. The project plans to supply 4,440 mt of Pr-Nd oxide annually from H2 2029, accounting for about 4% of global supply.

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