• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Rare Earth Market
    Rare Earth News
    Rare Earth Stocks
    • Rare Earth Market
    • Rare Earth News
    • Rare Earth Stocks
    market news

    Australia’s Arafura Rare Earths Miner Cancels $74 M Shares Sale

    Investing News Network
    Nov. 25, 2011 03:47PM PST
    Rare Earth Investing

    IBTimes reported that Arafura (ASX:ARU) cancelled a planned sale of its shares, citing market instability.

    IBTimes reported that Arafura (ASX:ARU) cancelled a planned sale of its shares, citing market instability.

    As quoted in the market news:

    In October, Arafura launched a one-for-three non-renounceable rights issue at a share price of 60c a share, with the offer closing on Wednesday. Funds that will be generated from the share sale would have been used to complete a key feasibility study for its flagship Nolans project in the north of Australia. But Arafura’s shares for much of the month traded below the offer price. It ended 46.5 cents on Thursday.

    Click here to read the full IBTimes report.

    market newsaustraliaasx:aru
    The Conversation (0)

    Go Deeper

    AI Powered
    Different types of rare earth magnets laid out over a black surface.

    Rare Earths Stocks: 5 Biggest ASX Companies in 2025

    Closeup of Australian banknotes.

    Arafura’s Nolans Rare Earths Project Could Get AU$100 Million from Export Finance Australia

    Latest News

    Cotec Holdings Corp. Notes Hypromag USA Project Update

    Locksley Resources Announces Significant Expansion of its Exploration Program for both Rare Earths and Antimony After Increasing its Landholding to More than 40 Square Kilometers in California's Mojave Region

    Significant Enlargement of Exploration Program

    Locksley Resources Limited Significant Enlargement of Exploration Program

    Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×