Arafura Rare Earths has extended an existing binding offtake agreement with a global wind turbine manufacturer, maintaining a customer commitment for output from its Nolans project in the Northern Territory.
Announced on 18 September 2026, the agreement covers up to 500 tonnes a year of neodymium-praseodymium oxide equivalent. It runs for five years, with the potential to extend to eight, and includes flexibility over volumes.
Delivery is aligned with the Nolans project schedule. Pricing is denominated in US dollars and linked to an independent global seaborne index, with the company identifying Benchmark Minerals Intelligence and S&P Global Platts indices as examples. Customary conditions precedent remain part of the arrangement.
Arafura has not named the counterparty. It describes the customer as operating across the design, manufacture, installation and maintenance of wind turbines. The company says further offtake discussions continue and that it will protect commercially sensitive negotiating information.
The extension is a commercial development milestone. For candidates and employers following rare earths projects, it supports continued attention to Nolans’ project schedule and future workforce announcements. This release does not itself provide a new recruitment timetable.
Image: Drill core examination pictured on Arafura’s official Nolans project page.
Source: Arafura official offtake announcement, 18 September 2026.