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Rinehart-backed Arafura launches cash call, two brokers on ticket

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Rare earths hopeful Arafura, which secured backing from Gina Rinehart’s Hancock Prospecting exactly one year ago, is seeking $20 million in fresh funds.

Arafura managing director Gavin Lockyer. Trevor Collens

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/rinehart-backed-arafura-launches-cash-call-two-brokers-on-ticket-20231213-p5eraj