Arafura share price halted ahead of blockbuster funding news

MotleyFool03-14

The Arafura Rare Earths Ltd (ASX: ARU) share price is expected to be out of action on Thursday. That's because yesterday the rare earths developer requested a trading halt until the market open on ...

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That's because yesterday the rare earths developer requested a trading halt until the market open on ...</p>\n\n<a href=\"https://www.fool.com.au/2024/03/14/arafura-share-price-halted-ahead-of-blockbuster-funding-news/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Arafura share price halted ahead of blockbuster funding news</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArafura share price halted ahead of blockbuster funding news\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-14 06:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/03/14/arafura-share-price-halted-ahead-of-blockbuster-funding-news/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Arafura Rare Earths Ltd (ASX: ARU) share price is expected to be out of action on Thursday. That's because yesterday the rare earths developer requested a trading halt until the market open on ...</p>\n\n<a href=\"https://www.fool.com.au/2024/03/14/arafura-share-price-halted-ahead-of-blockbuster-funding-news/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.fool.com.au/2024/03/14/arafura-share-price-halted-ahead-of-blockbuster-funding-news/","article_id":"2419351661","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2419351661","pubTimestamp":1710367921,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The Arafura Rare Earths Ltd  share price is expected to be out of action on Thursday. That's because yesterday the rare earths developer requested a trading halt until the market open on Friday. Why is the Arafura share price halted?The company requested the trading halt so that it could prepare an announcement relating to debt funding for the Nolans Project in the Northern Territory. Its request states:  The Company is seeking a trading halt pending an announcement to the market regarding debt financing support; b) The Company requests the trading halt remain in place until the earlier of the Company releasing an announcement in relation to debt financing support or the commencement of trading on Friday 15 March 2024.  What's going on?","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","ILU.AU":"ILUKA RESOURCES LIMITED","ARU.AU":"ARAFURA RARE EARTHS LTD","XKO.AU":"标普/澳交所 300指数","BK7095":"多种金属与采矿","XAO.AU":"标普/澳交所 普通股指数"},"translate_title":"Arafura股价在重磅融资消息发布前停牌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARU.AU":1,"ILU.AU":1,"XAO.AU":0.79,"XJO.AU":0.79,"XKO.AU":0.79},"content_text":"The Arafura Rare Earths Ltd (ASX: ARU) share price is expected to be out of action on Thursday. That's because yesterday the rare earths developer requested a trading halt until the market open on Friday. Why is the Arafura share price halted? The company requested the trading halt so that it could prepare an announcement relating to debt funding for the Nolans Project in the Northern Territory. Its request states:  The Company is seeking a trading halt pending an announcement to the market regarding debt financing support; b) The Company requests the trading halt remain in place until the earlier of the Company releasing an announcement in relation to debt financing support or the commencement of trading on Friday 15 March 2024.  What's going on? While the details of the debt funding have not been released to the market yet, there are reports claiming that Arafura is about to get a huge cash injection from the government. According to the AFR, the Albanese government is expected to announce an $840 million package of loans and grants to support the development of the Nolans Project. This will be the Labor government's largest single financial commitment in the critical minerals sector and brings taxpayers' exposure to rare earths mining and processing to over $2 billion. Previously the government has supported the development of the Eneabba project owned by Iluka Resources Limited (ASX: ILU) in Western Australia. Arafura's funding reportedly includes approximately $495 million in loans from the Critical Minerals Facility, $200 million from the revamped Northern Australia Infrastructure Facility, and upwards of $115 million in federal export financing. Prime Minister, Anthony Albanese, is quoted saying:  This will create local jobs and economic opportunities, helping Australian and Territory companies and workers capture more value from the game-changing critical minerals deposits we have here.  The Arafura share price is down 72% over the last 12 months.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419351661"}