• Export Finance Australia announces conditional approval of up to US$100m investment in Arafura Rare Earths
• Investment aligned with Australian Government's critical minerals and supply chain initiatives
• Nolans Project positioned as Australia's first fully integrated rare earths processing facility

Arafura Rare Earths Limited has received conditional approval from the Australian Government for an equity investment of up to US$100 million to progress its strategically significant Nolans Project in the Northern Territory. The investment is being provided under the Australian Government's Critical Minerals Facility, administered by Export Finance Australia (EFA). The investment highlights the important role the Nolans Project is poised to play in the development of Australia's rare earths sector. EFA's investment is aligned to the Australian Government's policy initiatives such as the Future Made in Australia, the Critical Minerals Strategy 2023-2030 and the US-Australia Framework for Securing of Supply in the Mining and Processing of Critical Minerals and Rare Earths. The Nolans Project is committed to being Australia's first fully integrated ore-to-oxide rare earths processing facility, delivering responsibly mined and processed rare earth products to its global customers. The investment remains subject to completion of due diligence, finalisation of investment terms, and securing the necessary funding and approvals to develop the Nolans Project.

Arafura Rare Earths has received conditional approval for an equity investment of up to US$100 million from the Australian Government's Critical Minerals Facility, administered by Export Finance Australia, to progress the Nolans Project.

The investment in the Nolans Project highlights the important role it is poised to play in the development of Australia's rare earths sector and the Australian Government's commitment to supporting critical minerals projects that can deliver responsibly mined and processed rare earth products to global customers.