Gina Rinehart backed Arafura Rare Earths (ASX:ARU) has updated the market on major debt funding milestone accomplishments, ultimately moving closer to FID. All in all, the company has secured over US$1B in funding from different sources. Perhaps surprisingly, shares were flat on Tuesday, trading at 19cps. The company’s flagship project, Nolans, will be an Australian-based critical minerals project geared towards supplying the domestic economy and those of our allies. In short: separating from China where dominance in the rare earth (REE) industry is concerned. “Developing a diversified [neodym…
