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The latest announcement is out from Northern Minerals Limited ( (AU:NTU) ).
Northern Minerals Limited announced that it is not involved in the Federal Court action initiated by the Australian Treasurer against Indian Ocean International Shipping and Service Company Ltd for non-compliance with foreign investment laws. The court action pertains to the disposal of shares in Northern Minerals by foreign investors, as directed by the Foreign Acquisitions and Takeovers Orders 2024. Northern Minerals has stated that it will keep the market informed of any developments, emphasizing that this matter is between the Treasurer and Indian Ocean.
The most recent analyst rating on (AU:NTU) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Northern Minerals Limited stock, see the AU:NTU Stock Forecast page.
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 durable magnets used in clean energy, military, and high technology solutions. The company is preparing to bring its flagship deposit, Wolverine, into production, aiming to provide an alternative source of these elements outside of China.
Average Trading Volume: 6,403,294
Technical Sentiment Signal: Buy
Current Market Cap: A$259.1M
Find detailed analytics on NTU stock on TipRanks’ Stock Analysis page.