Arafura Signs MOU with Buyer in South Korea

Mineweb reported that Arafura Resources (ASX:ARU) has tentatively found a buyer for rare earths from its Nolans project.

As quoted in the market news:

The company said it had signed a non-binding memorandum of understanding with a large Korean multinational, which it declined to name, that would involve funding for the Nolans project and buying at least 3,000 tonnes per year of rare earths output from the project.

Click here to read the full Mineweb report.