Arafura Rare Earths closer to securing debt for giant project
Arafura Rare Earths has received conditional approval for debt financing of up to US$150 million from The Export-Import Bank of Korea (KEXIM), bringing the financing of the giant Nolans Project closer to closure. The financing comprises a direct loan facility of up to US$75.1million and a loan guarantee up to US$74.9 million, with the company…