• Arafura enters into a binding offtake agreement with Traxys Europe SA to supply a minimum of 100 tpa of NdPr oxide up to a maximum of 300 tpa over 5 years
• The agreement contributes to Arafura achieving its Binding Offtake Target of 80% of nameplate capacity of 4,440 tpa of NdPr oxide
• Traxys provides a channel to place Arafura product with participants in the magnet supply chain

Arafura Rare Earths Limited (ASX: ARU) has announced the signing of a binding offtake agreement with Traxys Europe SA (Traxys) for the sale of NdPr Oxide (NdPr) from the Nolans Project. The agreement is for a minimum of 100 tpa of NdPr oxide up to a maximum of 300 tpa over a five-year term, with the option volume at Arafura's election. The agreement contributes to Arafura achieving its Binding Offtake Target of 80% of nameplate capacity of 4,440 tpa of NdPr oxide from Nolans. Traxys is a global company headquartered in Luxembourg that specialises in marketing metals and minerals and has a long history of involvement in the rare earths sector. The agreement is structured to support the interests of both companies in marketing product from Nolans to create global diversification and build supply chain resilience for rare earths. Traxys provides a channel to place Arafura product with participants in the magnet supply chain who may otherwise be unable to commit to long-term offtake commitments or may not be considered as a bankable offtake partner by Arafura's lenders for the purposes of project financing. The agreement is binding subject to conditions precedent being satisfied by no later than 31 December 2028, including completion of construction and development of the Nolans Project, commencement of commercial production, and ramp-up.