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Northern Minerals Limited ( (AU:NTU) ) has shared an announcement.
During the December 2024 quarter, Northern Minerals Limited made significant progress on its Browns Range Heavy Rare Earths Project by updating the Mineral Resource Estimate for the Wolverine Deposit, which will form the basis for a commercial-scale mining operation. The company also advanced its feasibility study and explored financing options for the development of Browns Range, while successfully raising capital through a share purchase plan and placement. These efforts underscore Northern Minerals’ commitment to establishing a sustainable, Australian-based heavy rare earths supply chain.
More about Northern Minerals Limited
Northern Minerals Limited is an Australian heavy rare earths-focused company with a primary focus on the Browns Range Heavy Rare Earths Project located in the East Kimberley region of Western Australia. The project is globally significant due to its high grades of dysprosium and terbium.
YTD Price Performance: 25.00%
Average Trading Volume: 44,216
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $103.5M
Learn more about NTU stock on TipRanks’ Stock Analysis page.
