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Northern Minerals Limited
(Sydney:NTU)
Northern Minerals Limited (NTU) vs. iShares MSCI Australia ETF (EWA)
Northern Minerals Limited Business Overview & Revenue Model
Northern Minerals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.44M | 1.44M | 4.47M | 6.54K | 3.90M | 0.00 |
| Gross Profit | 1.11M | 1.44M | 4.47M | -522.62K | 3.39M | -1.62M |
| EBITDA | -26.04M | -26.04M | -28.84M | -20.61M | -21.43M | -16.46M |
| Net Income | -27.37M | -27.37M | -31.59M | -22.29M | -24.36M | -8.53M |
Balance Sheet | ||||||
| Total Assets | 28.76M | 28.76M | 13.94M | 17.40M | 12.77M | 37.77M |
| Cash, Cash Equivalents and Short-Term Investments | 24.29M | 24.29M | 8.25M | 11.69M | 2.86M | 19.90M |
| Total Debt | 15.84M | 15.84M | 15.40M | 13.36M | 247.02K | 292.34K |
| Total Liabilities | 27.06M | 27.06M | 27.95M | 23.87M | 7.19M | 8.77M |
| Stockholders Equity | 1.69M | 1.69M | -14.01M | -6.47M | 5.58M | 29.00M |
Cash Flow | ||||||
| Free Cash Flow | -26.16M | -26.16M | -26.50M | -14.20M | -17.42M | -8.52M |
| Operating Cash Flow | -25.80M | -25.80M | -26.12M | -14.09M | -16.93M | -885.01K |
| Investing Cash Flow | -473.14K | -473.14K | -556.78K | 699.56K | -499.80K | -7.65M |
| Financing Cash Flow | 42.41M | 42.41M | 23.24M | 22.23M | 259.70K | 21.82M |
Northern Minerals Limited Technical Analysis
Northern Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$225.62M | -24.64 | -20.60% | ― | ― | 7.28% | |
46 Neutral | AU$146.42M | -24.29 | -8.25% | ― | ― | -55.56% | |
46 Neutral | AU$79.40M | -35.45 | -9.27% | ― | ― | 35.29% | |
44 Neutral | AU$362.68M | -10.00 | ― | ― | ― | 32.73% | |
43 Neutral | AU$201.04M | -5.46 | -12.73% | ― | 2.00% | 8.82% |
Northern Minerals Limited Corporate Events
Northern Minerals Limited has announced the cessation of a class of options, with one NTUAD option expiring unexercised on 31 December 2025. The expiry marginally simplifies the company’s capital structure by removing an out-of-the-money or unused security, with negligible immediate impact on its overall issued capital or on existing shareholders.
The most recent analyst rating on (AU:NTU) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Northern Minerals Limited stock, see the AU:NTU Stock Forecast page.
Northern Minerals Limited has received court approval to defer its 2025 annual general meeting to a date no later than March 31, 2026. The company will announce the new AGM date to shareholders in due course. This decision allows Northern Minerals to continue focusing on its strategic objectives, including the development of the Browns Range project, which is critical for providing a reliable source of heavy rare earth elements. The company remains committed to compliance with ASX governance and its continuous disclosure obligations.
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.
Northern Minerals Limited has sought a court order to defer its 2025 Annual General Meeting due to ongoing considerations regarding the beneficial ownership of its shares. The company has referred potential breaches of foreign investment laws to the Foreign Investment Division of the Department of Treasury, as it prepares for detailed funding negotiations for its Browns Range project. The decision to seek a deferral is part of Northern Minerals’ commitment to transparency and compliance with regulatory requirements, ensuring that no breaches have occurred. The outcome of this process could impact the company’s operations and its engagement with stakeholders, as it awaits the regulator’s review.
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.
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.
Northern Minerals Limited has clarified details regarding Resolution 6 in their 2025 Notice of Annual General Meeting, which involves ratifying a prior issuance of shares to Go&Company (HK) Limited. The approval of this resolution will reinstate less than 1% of the company’s placement capacity, contrary to some interpretations. Additionally, Northern Minerals recently completed a $60.5 million placement to institutional investors, which will reduce their capacity to issue further equity without shareholder approval until either ratified at a future meeting or twelve months from the issuance date. This clarification ensures shareholders are informed ahead of the upcoming meeting.
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.
Northern Minerals Limited has announced the cessation of certain securities, specifically the repayment or redemption of convertible notes without conversion as of November 4, 2025. This move may impact the company’s financial structure and could be part of a broader strategy to manage its capital and debt obligations, potentially affecting its market positioning and stakeholder interests.
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.
Northern Minerals Limited has successfully raised A$60.5 million through the issuance of over 1.18 billion new shares to institutional and sophisticated investors. This capital injection is part of the company’s strategy to advance the Browns Range Heavy Rare Earths Project, particularly focusing on the Wolverine deposit, which is set to supply dysprosium and terbium to Iluka Resources’ upcoming rare earths refinery in Western Australia. This move positions Northern Minerals as a significant player in the rare earths market, offering a reliable supply alternative to Chinese sources.
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.
Northern Minerals Limited has announced the quotation of 1,186,998,295 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 3, 2025. This move is part of previously announced transactions and signifies a strategic step in enhancing the company’s market presence and liquidity, potentially impacting its operational capabilities and stakeholder interests.
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.
Northern Minerals Limited has successfully completed a $60.5 million placement to institutional and sophisticated investors, issuing over 1.18 billion new shares. The funds will advance the Browns Range Heavy Rare Earths Project, focusing on the Wolverine deposit, and repay a matured convertible note. This move positions Northern Minerals to progress towards a commercial-scale operation, potentially impacting the supply chain for dysprosium and terbium outside China.
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.
Northern Minerals Limited reported its quarterly cash flow, revealing a net cash outflow of $6.61 million from operating activities, primarily due to exploration, evaluation, and site maintenance costs. The company also experienced minor cash outflows from investing and financing activities, resulting in a decrease in cash and cash equivalents, which may impact its operational liquidity and strategic planning.
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.
Northern Minerals Limited has made significant strides in its Browns Range Heavy Rare Earths Project, highlighting its strategic importance amid global geopolitical shifts that emphasize the need for diversified supply chains. The company has received non-binding letters of interest and support from the Export-Import Bank of the United States and Export Finance Australia, potentially securing up to US$230 million in project funding. The recently released Definitive Feasibility Study (DFS) underscores the project’s technical and financial viability, projecting substantial contributions to global Dysprosium and Terbium demand. Northern Minerals is working towards finalizing its funding arrangements, with a target for first production by 2028, aligning with anticipated global supply shortfalls.
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.
Northern Minerals Limited has announced that its 2025 Annual General Meeting will be held both in person and online on November 27, 2025. Shareholders are encouraged to participate and vote, with all meeting materials available for download from the company’s website and ASX platform. This meeting is a significant event for stakeholders as it provides an opportunity to engage with the company’s strategic direction and governance.
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.
Northern Minerals Limited has released its Corporate Governance Statement for the financial year ending 30 June 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, detailing the roles and responsibilities of the board and management, the process for appointing directors, and the accountability of the company secretary. This release signifies Northern Minerals’ commitment to transparency and compliance with ASX governance standards, potentially reinforcing stakeholder confidence and enhancing its industry reputation.
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.
Northern Minerals Limited has outlined its corporate governance framework, adhering to the ASX Corporate Governance Council’s Principles and Recommendations. The company has established a formal Board Charter detailing the roles and responsibilities of the board and management, ensuring strategic direction, financial supervision, and effective reporting systems. The governance practices are regularly reviewed to align with the company’s needs and are disclosed on their website. This governance approach is designed to enhance accountability and transparency, potentially strengthening stakeholder confidence.
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.
Northern Minerals Limited has released its annual report for the financial year ending June 30, 2025, detailing its financial results and operational performance. The report underscores the company’s commitment to respecting Indigenous lands and cultural heritage, emphasizing its efforts to build positive relationships with Traditional Custodians. This focus not only highlights Northern Minerals’ dedication to ethical operations but also positions the company as a responsible player in the rare earths market, potentially enhancing its reputation among stakeholders and within the industry.
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.
Northern Minerals Limited has announced a proposed issue of up to 1,186,998,295 ordinary fully paid securities, with the issue date set for November 3, 2025. This move is likely aimed at raising capital to support the company’s operations and strategic initiatives, potentially enhancing its market position and providing value to stakeholders.
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.
Northern Minerals Limited has announced an equity raising initiative through the placement of new fully paid ordinary shares to institutional and sophisticated investors. This move is aimed at strengthening the company’s financial position and supporting its ongoing operations in the rare earth elements sector. The announcement highlights the company’s strategic focus on enhancing its market position and ensuring sustainable growth, although it also underscores the inherent risks associated with such investments.
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.
Northern Minerals Limited has secured approximately $60.5 million through a heavily oversubscribed placement, attracting strong interest from both Australian and international institutional investors. The funds will be used to advance the Browns Range Heavy Rare Earths Project towards a Final Investment Decision, repay convertible note debt, and support various project and operational enhancements. This financial boost follows recent non-binding support from Export Finance Australia and the Export-Import Bank of the United States, highlighting the strategic importance of the project under the Critical Minerals/Rare Earth Framework Agreement between the USA and Australia. The company aims for a Final Investment Decision by Q4 FY26, with first production targeted for 2028, aligning with a forecasted global shortfall in key rare earth elements.
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.
Northern Minerals Limited has requested a trading halt on its securities pending an announcement related to a capital raise. This move indicates a potential strategic financial maneuver, which could impact the company’s operations and market positioning, as stakeholders await further details on the capital raise.
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.
Northern Minerals Ltd has received non-binding and conditional letters of support from Export Finance Australia and the Export-Import Bank of the United States, following a landmark agreement between the USA and Australia to invest in critical minerals projects. This support underlines the global significance of Northern Minerals’ Browns Range Heavy Rare Earths Project, which is poised to become a major supplier of Dysprosium and Terbium outside China. The project is expected to produce around 8% of the current global supply of these minerals, with production targeted from 2028. The financial backing is seen as a critical step towards finalizing funding for the project, which aligns with efforts to diversify supply chains and strengthen Australia’s position in the rare earths market.
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.