Australian Rare Earths (ASX:AR3) secured approximately $6 million in a heavily supported share placement to institutional and professional investors.
The company will issue roughly 32.6 million new shares at $0.185 each, representing an 11.9% discount to its January 28, 2026, closing price.
The capital injection, combined with a $3.25 million government grant, strengthens the balance sheet to advance the Koppamurra Rare Earths Project.
The funding provides a clear runway for several near-term milestones, including the completion of the Koppamurra pre-feasibility study and the submission of a formal mining lease application.
A key focus will be the operation of the Koppamurra pilot plant at ANSTO's new Sydney facility, where AR3 was recently selected as the first customer.