• Strong progress in securing cornerstone investors
• Completed $475M placement and $6.4M share purchase plan
• Identified as priority project under Australia-US Critical Minerals Framework

Arafura Rare Earths Ltd (ASX: ARU) has provided its Quarterly Activities Report for the period ending 31 December 2025, highlighting strong progress in securing last remaining cornerstone investors, completing a $475 million placement and $6.4 million share purchase plan, and being identified as one of two priority projects under the Australia-US Critical Minerals Framework. The company also announced the appointment of Hatch as the preferred Engineering, Procurement and Construction Management (EPCM) provider for the Nolans Project. Arafura's Managing Director Darryl Cuzzubbo stated that the company has made meaningful progress on its path to a final investment decision, with increased funding certainty and strengthened execution capability through the Hatch appointment. The report also provided updates on macroeconomic developments, project delivery, operational readiness, sustainability initiatives, and exploration activities. The company is targeting the end of the current quarter to finalise agreements with shareholder approval being sought in the following quarter, enabling the company to call a final investment decision.

The company is targeting the end of the current quarter to finalise agreements with shareholder approval being sought in the following quarter, enabling the company to call a final investment decision.