Northern Minerals Secures Funding Momentum and Exploration Success as Browns Range Nears Key Milestones

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

Northern Minerals advanced its Browns Range Heavy Rare Earths Project during the December 2025 quarter, maintaining a spotless safety record while completing heritage surveys to clear the way for construction and further exploration. The company strengthened its funding runway with a $60.5 million placement to Australian and international investors to support front-end engineering and design, exploration, debt repayment and working capital, and it received non-binding indicative support from US EXIM and Export Finance Australia for potential project financing following the signing of the new US–Australia Critical Minerals and Rare Earth Framework, which underscores its strategic position in allied rare earths supply chains. Technical work progressed towards a final investment decision, including planning of the FEED program and positive metallurgical results on blending ore from the Dazzler and Wolverine deposits, while extensive drilling and soil programs identified new high-priority targets and the promising Vulcan prospect. At the same time, Northern Minerals moved to address regulatory and governance issues related to share ownership by referring potential breaches to the Foreign Investment Review Board, obtaining court approval to defer its AGM until FIRB completes its review, and disclosing receipt of a shareholder requisition to call an extraordinary general meeting, highlighting a period of both strategic momentum and heightened corporate scrutiny for stakeholders.

The most recent analyst rating on (AU:NTU) stock is a Hold 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 rare earths company focused on developing its flagship Browns Range Heavy Rare Earths Project in northern Western Australia, targeting high-value heavy rare earth elements used in permanent magnets for electric vehicles, wind turbines and other high-tech applications. The company is advancing from exploration to development, supported by a broad tenement package that extends into the Northern Territory and ongoing metallurgical and exploration programs aimed at underpinning a long-life production operation.

Average Trading Volume: 32,744,770

Technical Sentiment Signal: Sell

Current Market Cap: A$334M

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