Arafura Rare Earths is trading 3.6% down today at A$0.20 as the market digests a $361.5 million capital raising and placement discounts following a strong run for the Nolans project.
- The company recently secured shareholder backing for government-linked funding packages and large equity placements totaling approximately $361.5 million.
- Funding is intended to advance the Nolans rare earths project, which recently received major approvals and drove a recent rally in the share price.
- Short-term volatility is being driven by the digestion of new shares and the pricing in of placement discounts following the massive capital injection.