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Northern Minerals Raises $41.5M to Advance High-Grade Browns Range Rare Earths Project
5:25pm on Sunday 1st of June, 2025 AEST
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Mining
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Northern Minerals Raises $41.5M to Advance High-Grade Browns Range Rare Earths Project
5:25pm on Sunday 1st of June, 2025 AEST
Key Points
Raised approximately $41.5 million through issuance of over 2.18 billion shares
Placement approved by shareholders in November 2024
Shortfall of 78 million shares from initial placement target
Sub-brokers accepted shares as brokerage fees, issuing an additional 58 million shares
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NORTHERN MINERALS (ASX:NTU)
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