By Digifin Pty Ltd · About this coverage
Key Points
- Extends binding offtake with global wind turbine OEM for NdPr oxide
- Supply up to 500 tpa NdPr oxide equivalent from Nolans subsidiary
- Five-year term with potential extension up to eight years
- USD pricing linked to global seaborne index such as BMI or Platts
- Counterparty unnamed; customary conditions precedent apply
About Arafura (ASX:ARU)
Arafura Rare Earths Limited is an ASX-listed rare earths developer headquartered in Perth. It is advancing the Nolans neodymium-praseodymium project in the Northern Territory for oxide and related rare earth products.
Arafura (ASX:ARU) Rare Earths has extended its existing binding offtake agreement for NdPr oxide from the Nolans project with a global wind turbine OEM, aligning delivery with the Nolans schedule while keeping the counterparty unnamed.
Arafura Nolans Project Pty Ltd, a wholly owned subsidiary, will supply up to 500 tpa of NdPr oxide equivalent. Key terms include an annual contract volume of 500tpa of NdPr oxide with optionality for both parties while retaining offtake volumes needed for ECA requirements, a five-year period with potential extension up to eight years, and USD pricing based on a global seaborne pricing index such as Benchmark Minerals Intelligence indices or S&P's Global Platts North America pricing index. Conditions precedent are customary for arrangements of this nature. Arafura says it remains in offtake discussions with other parties and, to the extent permitted by ASX guidance, will no longer disclose offtake counterparties unless the identity itself is material.
The OEM is described only as a renewable-energy wind turbine designer, manufacturer, installer and maintainer, and customary conditions precedent are not itemised.
Source: Arafura Rare Earths Limited (ASX:ARU), 18 September 2026. Summary content supplied by Digifin Pty Ltd.
News summary only, not financial advice. It does not consider your objectives, financial situation or needs.