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Arafura Resources educates investors on key element that powers electric cars

Published: 09:30 05 Sep 2018 EDT

Arafura Resources Ltd (ASX:ARU) CEO Gavin Lockyer tells Proactive Investors that the neodymium and praseodymium (NdPr) exploration company is in New York to speak to investors about how NdPr, a rare earth magnet, is a key element in powering automotive electric motors.

Lockyer says the company is currently in advanced feasibility with its Nolans Rare Earths project to mine NdPr in Australia. Earlier this year the company received environmental approval from the local and Australian government. The company will complete advanced engineering studies by end of this year. Project financing and construction will follow next year.

BenevolentAI advances novel ulcerative colitis treatment through Phase 1a trial

BenevolentAI (OTC:BAIVF) chief scientific officer Dr Anne Phelan joins Proactive's Stephen Gunnion with positive safety data from the Phase 1a, first-in-human, clinical study of BEN-8744 in healthy volunteers. Phelan explained that BEN-8744 is a potent, selective PD10 inhibitor, uniquely...

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