Arafura Resources Ltd (ASX:ARU) has recently been benefiting from a rising rare earth price, as the company remains focussed on the wholly-owned Nolans Neodymium Praseodymium project in the Northern Territory.
Arafura shares last traded at $0.135, more the double the mid $0.05 range from June this year.
The increasing valuation and progress at Nolans has provided the company with the opportunity to initiate a capital raising program, and the ASX has granted a trading halt to complete.
The halt will remain in place until the opening of trade on Tuesday 24th October 2017, or earlier if an announcement is made to the market.