Arafura Rare Earths (ASX:ARU) said that it expects to move to a final investment decision (FID) at its Nolan project in the Northern Territory in the coming months, according to a Thursday filing with the Australian bourse.
The company will finalize agreements by the end of the quarter and seek shareholder approval in the following quarter, to call for an FID at the project, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.