Nolans Rare Earths Mine and Refinery Project

planned

The Nolans project is the first combined rare earths mine and refinery in the Northern Territory, Australia, focused on materials vital to electric vehicles and renewables. It aims to create a resilient Western supply chain for rare earths, reducing dependence on China. The project has secured up to $100 million in potential funding from Export Finance Australia and is backed by Hancock Prospecting. It requires $775 million in equity, with additional support from the Australian government and interest from Germany's Raw Materials Fund.