Arafura signs NdPr Offtake Agreement with Siemens Gamesa

Offtake agreement signed with Siemens Gamesa Renewable Energy A/S to supply NdPr from the Nolans Project (5-year term with the option to extend the term for a further 2-years by mutual agreement) / The annual contract quantities of NdPr metal will increase to 400 tonnes per annum (an NdPr Oxide equivalent of 520 tpa) when the Nolans Project achieves nameplate production capacity / This is the 2nd offtake agreement to be signed, with approximately 53% of the targeted 85% annual production from Nolans secured under long-term sale arrangements now contracted

Arafura Rare Earths Limited (ASX: ARU) (Arafura or the Company) is pleased to announce the signing of an offtake agreement (Offtake Agreement) with Siemens Gamesa Renewable Energy A/S. The Offtake Agreement is for... ... More: Official Press Release Arafura

Keywords:

Siemens Gamesa, Arafura, rare earth, wind turbine, manufacturer, contract, supply, Nolans Project, Australia