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Arafura Resources to meet with U.S. manufacturing association in D.C. and potential off-take partners

Arafura Resources Ltd (OTCMKTS:ARAFF) (ASX:ARU) CEO Gavin Lockyer tells Proactive Investors the Australian-based NdPr (Neodymium and praseodymium) exploration company is meeting with New York-based investors in New York, and with the National Association of Manufacturers, the largest manufacturing association in the U.S., in Washington, D.C.

Lockyer is in the U.S. on the heels of releasing the companies' definitive feasibility study from its Nolans NdPr project in Australia, to pitch its potential supply of NdPr to U.S. manufacturers, as China currently supplies 80% of the world's NdPr. The company is looking for $1b to finance its NdPr mining project. NdPr is a rare Earth element.

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Price: 0.092 AUD

ASX:ARU
Market: ASX
Market Cap: $97.05 m
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Arafura Resources educates investors on key element that powers electric cars

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...

on 09/05/2018

2 min read