Arafura Resources (ASX:ARU) shares last traded at $0.10, or close to double their value from the beginning of 2017, as investors provide support for the company's wholly-owned Nolans Neodymium-Praseodymium Project in the Northern Territory.
Arafura is now preparing to outline details of a capital raising, with the ASX granting the company a trading halt to prepare.
The halt will remain in place until the opening of trade on Monday 20th February 2017, or earlier if an announcement is made to the market.