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Northern Minerals Raises $60.5M to Unlock Australia’s Heavy Rare Earths Potential
11:51am on Monday 3rd of November, 2025 AEDT
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Mining
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Northern Minerals Raises $60.5M to Unlock Australia’s Heavy Rare Earths Potential
11:51am on Monday 3rd of November, 2025 AEDT
Key Points
Raised $60.5 million via placement of 1.19 billion shares at $0.051 each
Funds to advance Browns Range Heavy Rare Earths Project in Western Australia
Repayment of $15 million Iluka convertible note plus accrued interest
Focus on developing high-grade Wolverine deposit rich in dysprosium and terbium
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