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Arafura Resources
(Sydney:ARU)
Arafura Resources (ARU) vs. iShares MSCI Australia ETF (EWA)
Arafura Resources Business Overview & Revenue Model
Arafura Resources Earnings Call Summary
Arafura Resources Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -8.14M | -18.27M | -77.90K | -577.03K | -318.57K | -280.40K |
| EBITDA | -19.48M | -19.74M | -92.51M | -95.80M | -35.23M | -6.25M |
| Net Income | -19.24M | -19.24M | -100.97K | -96.38M | -35.56M | -6.48M |
Balance Sheet | ||||||
| Total Assets | 155.85M | 155.85M | 170.09M | 259.53M | 143.32M | 125.53M |
| Cash, Cash Equivalents and Short-Term Investments | 27.18M | 27.18M | 42.17M | 128.85M | 24.68M | 10.79M |
| Total Debt | 237.62K | 237.62K | 749.53K | 1.64M | 474.22K | 190.90K |
| Total Liabilities | 6.59M | 6.59M | 25.98M | 44.63M | 10.95M | 3.51M |
| Stockholders Equity | 149.26M | 149.26M | 144.11M | 214.90M | 132.37M | 122.02M |
Cash Flow | ||||||
| Free Cash Flow | -37.92K | -37.93M | -112.06M | -71.70M | -31.46M | -12.90M |
| Operating Cash Flow | -34.92K | -34.92M | -109.04M | -69.40M | -27.16M | -5.27M |
| Investing Cash Flow | -2.74M | -2.74M | -3.82M | -4.05M | -3.91M | -6.82M |
| Financing Cash Flow | 22.68M | 22.68M | 26.35M | 177.56M | 44.96M | 105.11K |
Arafura Resources Technical Analysis
Arafura Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$252.23M | -12.45 | -3.24% | 1.54% | 14.64% | -213.25% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$427.76M | 3.17 | 145.87% | ― | 45.56% | ― | |
50 Neutral | AU$1.40B | -36.59 | -13.10% | ― | ― | 82.10% | |
48 Neutral | AU$584.23M | -32.58 | -7.50% | ― | ― | 51.47% | |
47 Neutral | AU$384.09M | -25.39 | -179.67% | ― | -100.00% | -6.00% | |
44 Neutral | AU$494.91M | -16.90 | -45.39% | ― | ― | -91.89% |
Arafura Resources Corporate Events
Mitsubishi UFJ Financial Group has filed a notice that it has ceased to be a substantial shareholder in Arafura Rare Earths Ltd, following a series of transactions conducted on 17 December 2025 by entities controlled by Morgan Stanley. The activity included multiple purchases and significantly larger sales of Arafura fully paid ordinary shares, as well as the return of borrowed stock, collectively reducing Mitsubishi UFJ’s voting interest below the substantial holding threshold and signaling a notable shift in the company’s institutional investor base.
The most recent analyst rating on (AU:ARU) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Morgan Stanley and its subsidiaries have notified Arafura Rare Earths Ltd that they have ceased to be a substantial holder in the company as of 17 December 2025. The change follows a series of transactions on that date, including significant sales of Arafura ordinary shares and the return of borrowed stock, which collectively reduced Morgan Stanley’s relevant interest below the substantial holding threshold and may alter the company’s institutional shareholder mix and trading dynamics.
The most recent analyst rating on (AU:ARU) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd announced a change in the director’s interest, with Mark Southey acquiring additional shares through a Share Purchase Plan approved by shareholders. This acquisition reflects a strategic move to strengthen the director’s stake in the company, potentially indicating confidence in the company’s future prospects and aligning with shareholder interests.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd announced the cessation of 36,285,574 performance rights, which were canceled by agreement between the company and the holder. This move may impact the company’s capital structure and could have implications for its stakeholders, reflecting a strategic decision in its operational management.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd announced the quotation of 23,119,844 ordinary fully paid securities on the ASX, effective December 15, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the availability of its shares.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced the results of its Share Purchase Plan (SPP), which closed on December 9, 2025, raising a total of $7.1 million from 748 applications. The company will issue approximately 23.1 million new shares and has raised a total of $481.4 million from the SPP and a prior placement, focusing on securing the remaining funding for the Nolans Project.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd announced the quotation of 1,255,859,790 ordinary fully paid securities on the ASX, as part of a previously announced transaction. This move is expected to enhance the company’s market presence and liquidity, potentially impacting its operational capabilities and stakeholder interests positively.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has issued over 1.25 billion new fully paid ordinary shares as part of Tranche 2 of a placement announced in October 2025. This strategic move is expected to enhance the company’s capital base, potentially strengthening its position in the rare earths market and providing further opportunities for growth and development.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has successfully completed Tranche 2 of its A$475 million placement, raising approximately A$351.6 million through the issuance of over 1.25 billion new shares to institutional and sophisticated investors. This follows the earlier completion of Tranche 1 and is part of a broader capital raising strategy that includes a share purchase plan targeting an additional A$50 million, aimed at enhancing retail investor participation. The completion of this placement strengthens Arafura’s financial position, potentially boosting its capacity to advance its projects and solidify its standing in the rare earths market.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced that all resolutions proposed at their General Meeting on December 5, 2025, were successfully passed by shareholder poll. This outcome reflects strong shareholder support for the company’s strategic initiatives, including the ratification and issuance of shares under various tranches and plans, which are likely to bolster the company’s capital structure and support its ongoing projects.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced its upcoming General Meeting scheduled for December 5, 2025, at BDO Australia’s offices in Perth. This meeting provides an opportunity for shareholders to engage with the company’s leadership and discuss strategic directions, potentially impacting the company’s operational focus and stakeholder interests.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced that Export Development Canada has extended its credit approval for a US$300 million lending commitment, maintaining the terms of the original funding agreement. This development supports the company’s financial strategy for the Nolans Project, with all lender credit approvals remaining valid, and ING providing additional support ahead of a Final Investment Decision, indicating strong backing for Arafura’s strategic initiatives.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has released its sustainability report for FY2025, detailing its contributions to sustainable development and responsible business practices. The report highlights the company’s commitment to environmental management, climate change, health and safety, and indigenous partnerships, aligning with its sustainability elements and the GRI Standards framework. This release underscores Arafura’s strategic focus on sustainability, which is crucial for its operations and stakeholder engagement in the rare earths sector.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited presented at the Minerals Security Partnership meeting in Brussels, emphasizing the importance of their Nolans Rare Earth Project in establishing a reliable and ESG-compliant global supply chain for rare earths. This initiative aligns with the goals of 14 countries and the European Union to ensure a stable supply of these critical minerals, potentially enhancing Arafura’s industry positioning and stakeholder value.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced an Extraordinary General Meeting for its shareholders, scheduled for December 5, 2025, in Perth, Australia. Shareholders are encouraged to participate either in person or by proxy, and to submit questions related to the meeting’s resolutions. This meeting is a significant event for stakeholders as it provides an opportunity for shareholder engagement and decision-making on company matters.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced a General Meeting to be held on December 5, 2025, where shareholders will consider resolutions related to the ratification and issuance of shares under two tranches of a placement. The first resolution seeks approval for the ratification of 440,568,781 shares issued to sophisticated and institutional investors, while the second resolution proposes the issuance of up to 1,255,859,790 shares. These actions are aimed at strengthening the company’s financial position and supporting its strategic initiatives in the rare earths market.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has launched a Share Purchase Plan (SPP) to raise A$50 million, with the potential to accept an additional A$20 million in oversubscriptions. The SPP offers eligible shareholders the opportunity to purchase new shares at a discounted price, aiming to strengthen the company’s financial position and support its ongoing projects. This initiative could enhance Arafura’s market positioning by providing the necessary capital to advance its operations, potentially benefiting stakeholders through increased company value and project development.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced a share purchase plan (SPP) to raise $50 million, with the potential to accept oversubscriptions up to an additional $20 million. This move aims to strengthen the company’s financial position and support its ongoing operations, although the offers are not underwritten and are subject to shareholder approval. The initiative reflects the company’s strategic efforts to enhance its market positioning and operational capabilities in the competitive rare earths sector.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd has announced an update regarding the proposed issue of securities, in compliance with ASX Guidance Note 30. This update involves the company’s application for the quotation of securities offered under the Securities Purchase Plan (SPP) prospectus. The move is expected to align with regulatory requirements and potentially enhance the company’s market positioning by increasing its capital base.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced that it has been granted a waiver from ASX Listing Rule 7.3.9, allowing the company to proceed with its Share Purchase Plan (SPP) without excluding votes from shareholders who may participate in the SPP. This waiver ensures that eligible shareholders can vote on the resolution to approve the issuance of new shares under the SPP, which is part of a broader capital raising initiative. The decision is significant as it prevents a large portion of shareholders from being disenfranchised, thereby supporting the company’s efforts to raise capital effectively.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd has announced the issuance of 440,568,781 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of previously announced transactions, potentially enhancing the company’s capital structure and market presence, thereby impacting its operational capabilities and stakeholder interests positively.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has issued 440,568,781 new fully paid ordinary shares as part of the first tranche of an institutional placement announced in late October 2025. This strategic move is expected to enhance the company’s financial position and support its ongoing projects, potentially strengthening its market position in the rare earths sector.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has successfully completed Tranche 1 of its A$475 million placement, raising approximately A$123.4 million through the issuance of 440.6 million new shares to institutional and sophisticated investors. The completion of this tranche marks a significant step in the company’s capital raising efforts, with Tranche 2 pending shareholder approval. This development is expected to enhance Arafura’s financial position and support its strategic initiatives in the rare earths market.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced that all resolutions proposed at its Annual General Meeting on October 30, 2025, were passed by a poll. The successful passing of these resolutions, including remuneration reports and re-election of directors, signifies strong shareholder support and is likely to positively impact the company’s governance and strategic direction.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited held its Annual General Meeting, providing updates on its projects and financial outlook. The company reaffirmed its production targets and financial forecasts, emphasizing the stability of its assumptions and the potential for increased mine life at the Nolans Project. This positions Arafura as a significant contributor to the rare earths industry, with implications for stakeholders regarding future production capabilities and market presence.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced significant progress in its Nolans Project, which is poised to become a key player in the global rare earth supply chain. The company has secured over US$1 billion in debt funding and is nearing a final investment decision, with substantial support from international governments and financial institutions. This development positions Arafura as a major independent producer of rare earth oxides, reducing global dependency on China and enhancing supply chain security. The company’s commitment to sustainable practices and collaboration with local communities underscores its strategic importance in the rare earths sector.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has successfully secured commitments for a A$475 million institutional placement to fund its Nolans Project, with strong backing from high-quality investors including its largest shareholder, Hancock Prospecting. This capital raising underscores the strategic importance of Arafura’s role in the diversified global supply chain for rare earths, supporting its plans to make a final investment decision and begin construction on the Nolans Project, which is anticipated to be of significant global impact.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd has announced a proposed issue of 1,255,859,790 ordinary fully paid securities, with the issue date set for December 12, 2025. This move is part of the company’s strategy to enhance its financial position and support its ongoing projects, potentially strengthening its market presence and offering growth opportunities for stakeholders.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Ltd has announced a proposed issue of securities, comprising 250 million shares under a securities purchase plan and an additional 440.57 million shares through a placement. This move is aimed at raising capital to support the company’s operations and strategic initiatives, potentially strengthening its market position and providing opportunities for stakeholders.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited made significant strides in securing funding for its Nolans Project during the September 2025 quarter, amidst a global push for diversified rare earth supply sources. The company was identified as a priority project under a new Australia-US Critical Minerals Framework, receiving conditional approval for a US$100 million equity investment from Export Finance Australia and a non-binding letter of interest for US$300 million from the US EXIM Bank. Additionally, Arafura advanced its appraisal phase for potential investment from the German Raw Materials Fund and completed a successful capital raise, enhancing its financial position and reducing execution risks for the Nolans Project.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced an institutional placement offer of approximately A$475 million, underwritten to A$350 million, alongside a share purchase plan. This financial move aims to bolster the company’s operations and enhance its market positioning, particularly in the development of the Nolans Project. The announcement underscores Arafura’s strategic efforts to secure funding for its long-term growth and operational stability, which is crucial for stakeholders and investors.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has announced a significant capital raising initiative, launching a two-tranche institutional placement to raise approximately A$475 million, alongside a share purchase plan aiming to gather an additional A$50 million. This financial move is part of Arafura’s strategy to secure funding for the Nolans Project, a critical development in the rare earths sector. The placement is underpinned by commitments from major stakeholders, including Hancock Prospecting, and is supported by recent geopolitical agreements between the US and Australia. The proceeds will be used to cover project capital costs and other financial obligations, positioning Arafura to advance towards a Final Investment Decision in early 2026.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited has requested a trading halt on its securities pending an announcement regarding a proposed capital raising. This move indicates potential strategic financial adjustments that could impact the company’s operations and market positioning. The trading halt is expected to remain in place until the announcement is made or until normal trading resumes on 30 October 2025.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.
Arafura Rare Earths Limited announced that the Export-Import Bank of the United States (US EXIM) has issued a non-binding Letter of Interest to support the Nolans Project with up to US$300 million in financing. This support, contingent on cooperation with Export Finance Australia, is part of US EXIM’s Supply Chain Resiliency Initiative, which aims to enhance U.S. supply chain resilience and domestic manufacturing. The additional funding will allow Arafura to consider expanding its capacity for processing third-party ore and heavy rare earths, which are vital for U.S. industrial and military applications.
The most recent analyst rating on (AU:ARU) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Arafura Resources stock, see the AU:ARU Stock Forecast page.