Arafura completes second placement tranche, boosts project funding

Arafura Rare Earths Limited (ASX: ARU) announced the completion of the second tranche of its A$80 million placement on October 2, 2025. This tranche involved the issuance of 51,403,329 new fully paid ordinary shares to institutional and sophisticated investors at A$0.19 per share, raising approximately A$9.8 million (before costs). The first tranche, comprising 369,649,303 new fully paid ordinary shares, was completed on August 26, 2025.

Following the completion of this tranche, Arafura's total ordinary fully paid shares on issue now stand at 2,885,381,323. The company is also conducting a Share Purchase Plan (SPP) targeting an additional A$5 million (with the ability to accept oversubscriptions), with an offer price of A$0.19 per share, aligning with the placement price. The SPP is expected to close on October 3, 2025, with results announced on October 10, 2025.