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ARU - Arafura Rare Earths

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Momentum is building. Fundamentals sweet.

US enlists Australia tosecure rare earths supply


Angus Grigg and PhillipCoorey

Jun 13, 2019 — 1.03am


US defence chiefs have enlisted Australian help to secure the supply of critical minerals for batteries and weapons systems, to reduce China’s dominance of the sector.

Australia is part of a Washington-led effort, which also includes Canada, to ensure materials critical for advancedmanufacturing and the move away from fossil fuels are not controlled by Beijing.
 
Picked up another rare earths minnow in the making ARU @ 0.074c +5.71% (breakout alert) as looks good with about $22M in cash and Northern Territory Government backing (per recent 31/07 announcement).

https://www.marketindex.com.au/asx/aru

DYOR as always.. Cheers tela
 
ARU +7.14% chart shaping up to show a very bullish candle (with big volume) that should see 8c+ soon imo Exciting times Cheers tela
 
The market is slowly working through the supply at 0.105. When that's done, whoosh.

 
another RE stock on the up (no news; Speeding ticket on 11th; then onward and upward)

three month; daily
 
ARAFURA SHARE PURCHASE PLAN TO CLOSE EARLY

10 August 2021 Arafura Resources Limited | ABN: 22 080 933 455 Level 6, 432 Murray St, Perth WA 6000 PO Box 5773, St Georges Terrace, Perth WA 6831 T: +61 8 6370 2800 | W: www.arultd.com | E: arafura@arultd.com Arafura Resources Limited (ASX:ARU) (“Arafura” or the “Company”) is pleased to announce that there has been a high level of shareholder interest and participation in the Company’s Share Purchase Plan (SPP) that was announced on 24 June 2021. At the general meeting of shareholders on 9 August 2021, the Company obtained shareholder approval to raise a total of $5.5 million (before costs) under the SPP. This includes up to $500,000 in oversubscriptions. Given the strong interest in the SPP (and the maximum amount that can be raised) the Board has decided to accept the maximum amount under the SPP (of $5.5 million) and close the SPP early to minimise the impact of any potential scale back of applications. Accordingly, the SPP will now close at 5.00pm (Sydney time) on 13 August 2021, instead of the previously planned closing date of 23 August 2021. Any application monies received after that time will not be accepted and will be returned. A revised SPP timetable for the remainder of the SPP is set out below: Timing (Sydney time) Event 5:00pm, 13 August 2021 Closing date 20 August 2021 Announcement of results 20 August 2021 Issue date 21 August 2021 SPP Shares quoted and commence trading 21 August 2021 Despatch of holding statements The Board would like to thank all shareholders for their support of the SPP and the Company. Not for release to US wire services or distribution in the United States

DYOR

i do not hold this share

something you don't see often , close a SPP early because it is over-subscribed
 
Glad to see this cap raise is near an end.
Let the market force be with us and hope that the current bullish sentiment for RE gets to ARU.
 
Could this be another lift off in ARU?

Don't disappoint me again.
 
ARU has been going great guns the last few days. Gap up on open today, with the share price up from 13.5c last Tuesday to a high of 24c today.

No news has been announced recently, but the following article from The Age seems to be the catalyst for the recent bullish price action.

Carmakers look to Australia to hedge against China’s rare earth dominance

European automakers are in discussions with Australian rare earths explorer Arafura Resources about sourcing elements that help power electric cars from outside China, which dominates global supply.
www.theage.com.au

ARU looks to be heading back towards its January highs.

 
Another commodity selection for 2022.

ARU: Slowly making progress on their rare earths resource. Anticipating price making a new all time high in 2022.



Disc: Been all over this one so many times that I've got sand in my bathers. Will hammer the next PB setup.
 
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