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Northern Minerals Limited ( (AU:NTU) ) has provided an announcement.
Northern Minerals Limited has issued over 58 million new fully paid ordinary shares as part of sub-brokerage fees related to a placement with institutional and sophisticated investors. This move, announced on February 6, 2025, reflects the company’s ongoing compliance with regulatory requirements and aims to bolster its operational capacity as it advances its strategic objectives in the rare earth industry.
More about Northern Minerals Limited
Northern Minerals Limited, based in Western Australia, owns 100% of the Browns Range Heavy Rare Earth Project, which is rich in dysprosium and terbium. These elements are crucial for producing magnets used in clean energy and defense, and the company aims to provide a reliable alternative source to China’s production. The flagship deposit, Wolverine, is prepared for production to support this strategic aim.
YTD Price Performance: 25.00%
Average Trading Volume: 44,216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $98.6M
For an in-depth examination of NTU stock, go to TipRanks’ Stock Analysis page.
