Northern Minerals Boosts Funding for Rare Earth Project

Northern Minerals Limited (AU:NTU) has released an update.

Northern Minerals Limited has successfully issued over 63 million new shares at A$0.019 each, raising funds to support its ambitious $43 million placement initiative. This move aims to bolster the development of the Browns Range Heavy Rare Earth Project, targeting the high-demand elements dysprosium and terbium. The company is gearing up to become a significant player in the rare earth market by advancing its Wolverine deposit, a potential alternative to Chinese sources.

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