Northern Minerals Secures Funding for Rare Earths Project

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

Northern Minerals Limited has announced a two-tranche placement and a Share Purchase Plan aiming to raise approximately $48 million, which will fund the advancement of its Browns Range Heavy Rare Earths Project. The project is critical for producing materials used in electric vehicles and wind turbines. The capital raised will also support the completion of the Definitive Feasibility Study and exploration activities to expand the resource base.

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