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Northern Minerals Limited ( (AU:NTU) ) has issued an update.
Northern Minerals Limited has announced the withdrawal of Resolution 3, concerning the election of Mr. Enping Fu as a director, from its upcoming Annual General Meeting agenda. This decision follows a request from shareholder Tri Global Resources Limited. The withdrawal will not impact the validity of proxy forms or votes for other resolutions. This move is part of Northern Minerals’ ongoing efforts to streamline its board operations as it focuses on advancing its Browns Range Heavy Rare Earths Project, which is pivotal in its strategy to become a key player in the rare earths market.
The most recent analyst rating on (AU:NTU) stock is a Buy with a A$0.07 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 (ASX: NTU) 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 magnets used in clean energy, military, and high technology solutions. The company aims to provide a reliable alternative source of these elements outside of China, with plans to bring its flagship Wolverine deposit into production.
YTD Price Performance: 57.14%
Average Trading Volume: 37,101,348
Technical Sentiment Signal: Sell
Current Market Cap: A$315M
Learn more about NTU stock on TipRanks’ Stock Analysis page.