HREE Pulse

Snapshot 22 Aug 2026 · 52 names

Desk · Development / financing · NdPr / LREE

ASX:ARU

Arafura Rare Earths

Nolans FID taken May 2026. $1.6B Australian NdPr mine, construction from September, first oxide mid-2029.

FIDConstructionOfftakeEFA / AustraliaU/Th flag
73

Medium-strong

Website

Pulse Timeline

Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.

73→ Medium-strong
nowFID on $1.6B Nolans1Construction start2First production (guided)3MayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJun
  1. 1) 05-21 Build
  2. 2) 09-15 Build
  3. 3) 06-01 Oxide

Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22

Building

Cadence is real, not yet a cluster. Next print has to land.

Last beat
93d
Beats / 90d
0
Recent gap
—

1 beats in 180d

  • — Last material beat 93d ago — FID on $1.6B Nolans.
  • — Next: Construction start (24d).
  • — Government / strategic paper is on the tape.
BuildOxide

Trading

Last
A$0.210
1d
0.0%
Mkt cap
$937M
Volume
17.4M
52-week
A$0.11 – A$0.42
1m
—
3m
—
1y
—

Shares — · EV / MagREO $17M/kt · snapshot, not a live tape

Company & people

HQ

Perth, Australia

Focus

NdPr / LREE · Monazite / HMS

CEO Darryl Cuzzubbo

  • Darryl Cuzzubbo, MD
  • Mark Southey, Chair

Mine / project

Flagship

Nolans

Location

Northern Territory, Australia · Australia

Deposit

Phosphate-hosted fluorapatite / monazite

Resource

Nolans ~56 Mt at ~2.6% TREO. Planned ~4,400 tpa NdPr oxide. 500 t NdPr earmarked to a critical minerals reserve.

NdPr / MagREO

NdPr-dominant phosphate REE; uranium/thorium is the known flowsheet fact.

Desk basket

56 Mt · 2.6% TREO · 55 kt MagREO (desk) · 44,000 t NdPr (desk)

Radioactivity

High U/Th — licensing is part of the thesis

Capital, loans, grants & support

  • Australian government offtake

    Critical minerals reserve offtake (500 t NdPr) + prior NAIF/EFA process

  • Hyundai / Kia (hist.) offtake

    Long-dated NdPr offtake framework

  • Critical minerals reserve 500 t NdPr
  • Hyundai/Kia framework

The Pulse

FID is the pulse. Construction in September, first oxide 2029. Radioactivity is priced in. The remaining tape is whether $1.6B stays $1.6B once earthworks start.

ASX only. A producing Australian NdPr mine does not need Nasdaq; US defense offtake would be the listing argument later.

Catalyst proximity21/25
Gov / strategic20/25
US listing path8/20
De-risking16/20
Setup8/10

Next: 15 Sept 2026 — Nolans construction start (September 2026)

Nasdaq path

Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.

  1. 01 · DoneASX listing

    Primary listing ARU. FID-stage Australian NdPr mine. Home board is not the problem.

  2. 02 · LiveUS OTC (ARAFF)

    Pink/OTCID ~US$0.15. Access, not a market. Do not confuse this with OTCQB.

  3. 03 · GapDTC eligibility

    No DTC print. US brokers will not warehouse this cleanly until they do.

  4. 04 · GapUS holder tape

    Hyundai/Kia framework and an Australian reserve offtake are not a US register.

  5. 05 · NextNolans construction15 Sept 2026

    Construction guided September 2026, first oxide mid-2029. Build the mine first.

  6. 06 · GapSEC registration

    No 20-F. A producing Australian NdPr mine still has to file if it wants Nasdaq.

  7. 07 · GapNasdaq $4 bid

    Last ~A$0.21 / ~US$0.14. ~28× below $4. A reverse split here would be cosmetic.

  8. 08 · GapNasdaq application

    Not a 2026 job. US defense offtake would be the listing argument later. Construction is the tape.

Catalysts

  • 21 May 2026FID on $1.6B Nolans construction
  • 15 Sept 2026Construction start construction
  • 1 Jun 2029First production (guided) production

Journal

Desk note

Stays on this device. Not the press release.

Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method