Arafura enters binding offtake agreement

• Arafura signs binding offtake agreement with global trading company
• Supply of 850 tpa of NdPr oxide, up from 500tpa
• Five-year contract with two-year extension option
• Pricing linked to global seaborne index

Arafura Rare Earths Limited (ASX: ARU) has announced the signing of a binding offtake agreement with a leading global raw materials trading company. The agreement, which follows a previously announced binding term sheet on 13th May 2026, involves the supply of 850 tpa of Neodymium-Praseodymium (NdPr) oxide. This is an increase from the 500 tpa originally outlined in the term sheet. The trading company, which is part of the U.S. government's Project Vault initiative, aims to build resilient supply chains and secure critical mineral reserves for American manufacturing. The agreement includes a five-year contract period with an option for a two-year extension by mutual consent. Pricing will be based on a global seaborne pricing index, ensuring transparency and market alignment.