Northern Minerals Limited ( (AU:NTU) ) has shared an announcement.
Northern Minerals Limited announced the completion of a government-mandated divestment of shares, as required by the Foreign Acquisitions and Takeovers Orders 2024. The divestment involved five shareholders and a total of 613,573,632 shares, representing approximately 10.4% of the company’s issued capital at the time. This completion marks a significant step in aligning with regulatory requirements, potentially impacting the company’s market positioning and stakeholder interests.
More about Northern Minerals Limited
Northern Minerals Limited is an Australian company focused on heavy rare earths, owning 100% of the Browns Range Heavy Rare Earths Project in Western Australia. The project is rich in dysprosium and terbium, critical elements for producing magnets used in clean energy, military, and high technology solutions. Northern Minerals aims to provide an alternative source of these elements outside of China, with plans to bring its flagship Wolverine deposit into production.
YTD Price Performance: -8.00%
Average Trading Volume: 16,471
Technical Sentiment Signal: Buy
Current Market Cap: $105.4M
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