Arafura Rare Earths Ltd. (ARAFF) Q3 2025 Earnings Call Transcript

Arafura Rare Earths Ltd. (OTCPK:ARAFF) Q3 2025 Earnings Conference Call April 29, 2025 8:30 PM ET

Company Participants

Darryl Cuzzubbo – MD, CEO
Peter Sherrington – CFO
Shaan Beccarelli – Head of Corporate Affairs & Investor Relations

Conference Call Participants

Brett Smith – B&L Smith Super Fund
James Lowry – Unidentified Company
Ronald Lomax – Unidentified Company
Lee Birch – Birch Corp
Bernard Ho – Unidentified Company
Paul Stevens – Unidentified Company
Roberto Versace – Versace Capital
Steven Darrington – Unidentified Company
Steven Allen – Unidentified Company
Andrew Ballard – Unidentified Company
Nick Stott – Unidentified Company

Operator

Thank you for standing by, and welcome to the Arafura Rare Earths Limited March 2025 Quarterly Report Investor Call. [Operator Instructions]

I would now like to hand the conference over to Mr. Darryl Cuzzubbo, Managing Director and CEO. Please go ahead.

Darryl Cuzzubbo

Thanks, Harmony, and good morning, everyone. Thank you for making the time to join us today for our quarterly update. For those that are new to these calls, my name is Darryl Cuzzubbo, the managing director of Arafura Rare Earths. And, again, today with me is Peter Sherrington, our CFO.

A lot has happened since our last quarterly update, both from an external market perspective and in terms of activities to secure the best possible pathway to fit that reward’s existing shareholders and opens up the best long term growth options for our company.

Between Peter and I, we will make some comments on the external market, how we are progressing towards securing the equity ahead of FID, and the Traxys offtake agreement recently announced before opening to your questions.

So let me start by summarizing how we see the external market. We’ve seen escalating trade tensions between the U.S. and the rest of the globe, but in particular China. On April, the U.S. imposed