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Northern Minerals Secures US$230M Backing to Advance Browns Range Heavy Rare Earths
9:52am on Tuesday 21st of October, 2025 AEDT
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Mining
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Northern Minerals Secures US$230M Backing to Advance Browns Range Heavy Rare Earths
9:52am on Tuesday 21st of October, 2025 AEDT
Key Points
Conditional US$230 million funding interest from US Export-Import Bank
Coordinated support from Export Finance Australia under new bilateral framework
Browns Range project targets first production by 2028 amid global supply shortfall
Binding supply agreement with Iluka Resources for rare earths processing
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