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Northern Minerals Limited ( (AU:NTU) ) has shared an update.
Northern Minerals has initiated further legal proceedings in the Supreme Court of New South Wales seeking orders to align an extraordinary general meeting, requisitioned by shareholder Vastness Investment Group to vote on the removal of executive chairman Adam Handley, with the company’s deferred 2025 annual general meeting. The company is also asking the court to extend the deadline for holding the AGM to allow additional time for the Foreign Investment Division of the Department of Treasury to review matters previously flagged to regulators, and has pledged to keep shareholders informed of any material developments.
The most recent analyst rating on (AU:NTU) stock is a Hold with a A$0.03 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 heavy rare earths-focused company that owns 100% of the Browns Range Heavy Rare Earths Project in Western Australia’s East Kimberley region. Its deposits, led by the flagship Wolverine ore body, are rich in dysprosium and terbium, critical inputs for high-performance magnets used in clean energy, defence and advanced technology, and the company aims to establish a reliable non-Chinese supply by mining and beneficiating ore for delivery to Iluka Resources’ under-construction rare earths refinery at Eneabba.
Average Trading Volume: 30,511,212
Technical Sentiment Signal: Sell
Current Market Cap: A$276.8M
Learn more about NTU stock on TipRanks’ Stock Analysis page.