Australia's EFA to Finance Donald Rare Earth Project with A$80 Million

Published: Oct 24, 2025 17:42

Source: China Rare Earth Information

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[SMM Flash: Australia Supports Investment in Donald Rare Earth Project] Export Finance Australia (EFA), a government-owned entity, has decided to provide up to A$80 million (approximately US$52 million) in financing to domestic rare earth developer Astron and US enterprise Energy Fuels in support of the Donald rare earth and mineral sands project located in Victoria. To advance the construction of the Donald project, Astron and Energy Fuels need to raise A$520 million in funding. Upon the commissioning of the project's first phase, it is expected to achieve an annual production capacity of 1,000 mt of neodymium-praseodymium oxide, 92 mt of dysprosium oxide, and 16 mt of terbium oxide. As the US partner holding a 49% stake in the project, Energy Fuels has committed to off-take all rare earth products at market prices upon the project's commencement.

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