Arafura Rare Earths (ARU AU): Canberra Helps Backstop Nolan's Offtake

• On the 21st October 2025, as part of a US-Australia bilateral framework, Australia said it would provide a US$100mn equity investment in Gina Rinehart-backed Arafura (ARU AU)‘s Nolans project.

• Arafura has now announced it will kickstart Nolan’s development after the Aussie government confirmed “up to 500 tonnes p.a.“ from the rare-earth project would be included in its strategic reserve.

• The Aussie commitment represents 14% of Nolans’ binding offtake target.

The Trade:

• Arafura ARU AU) is a poster-child for Aussie rare earth plays.

• It is also up 82% in the last 12 months.

• I don’t have a strong conviction here.

• But if seeking (additional/new) rare earth exposure Down Under, Arafura is one of your best bets.