Arafura Rare Earths and Siemens Gamesa have signed a binding offtake agreement

Arafura Rare Earths Limited (ASX: ARU) has announced the execution of an offtake agreement with Siemens Gamesa Renewable Energy A/S. The Offtake Agreement calls for the delivery of NdPr from the company's Nolans Project to Siemens Gamesa over five years that can be extended by mutual consent for an additional two years. Contract quantities for NdPr Metal begin in 2026 at 200 tonnes per annum (tpa), growing to 360tpa in year two and 400tpa in years three to five to match the Project's ramp-up.

The following are the other main provisions of the offtake agreement:

• Price (in US dollars) is contractual but is based on the NdPr Ex Works China price per tonne.
• NdPr/Total Rare Earth (TREE) commercial grade must be 99.0%.

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