As Arafura Locks in Funds, Attention Turns to Investment Decision -- Market Talk
Dow Jones
Apr 02
0026 GMT - Arafura Rare Earths' signing of binding equity agreements with Germany and Australia takes its Nolans project one step closer to a final investment decision, says Canaccord Genuity. "With the funding pathway increasingly de-risked, we continue to look toward FID, project delivery and potential for pricing floors as potential catalyst for the shares," the broker says. It reiterates a speculative buy rating on the stock, with a A$0.35 price target. Shares are up 3.3% at A$0.315.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 01, 2026 20:26 ET (00:26 GMT)
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