Arafura Confirms Extension of Credit Approval for $300 Million Loan by Export Development Canada

MT Newswires Live

Dec 01

Arafura Rare Earths (ASX:ARU) confirmed that Export Development Canada extended credit approval for its existing $300 million lending commitment, according to a Monday Australian bourse filing.

The loan documentation will be advanced with the lenders in conjunction with the credit approval work programs.

ING provided a letter of support ahead of seeking a further credit approval ahead of a final investment decision for the Nolans project.

The company's shares were down 1% in recent Monday trade.

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