Canada's EDC grants conditional approval for $300m funding to Arafura

Export Development Canada (EDC) has conditionally approved $300-million in debt financing for the Nolans rare earths project, near Allice Springs in the Northern Territory.

The funding package takes conditional approvals to 68% of the targeted $775-million of senior debt funding for Nolans, bringing Arafura closer to a final investment decision on the project.

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