Australian Rare Earths (ASX:AR3) received the initial installment of AU$750,000 as part of the AU$5 million grant under the Australian Government's International Partnerships in Critical Minerals Program, according to a Tuesday filing with the Australian bourse.
The proceeds will support the development of the Koppamurra project, located in South Australia and Victoria, with the remaining funds to be paid upon the submission of progress reports, the filing said.
Shares of the mining firm fell 3% in afternoon trade Tuesday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。