Arafura Resources Ltd (ASX:ARU) has been granted a trading halt this morning pre-market as it prepares to raise capital.
Shares will remain halted until the earlier of the start of normal trading on Monday, November 12, or when the capital raising announcement is released to the market.
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Arafura is in the process of finalising a definitive feasibility study (DFS) on its flagship 100%-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.
The company recently said it was on track to complete the Nolans DFS in the coming weeks and continues to advance funding and offtake discussions so that a final investment decision may be reached in 2019.