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Godolphin Resources to Spin Out $12.5M Narraburra Rare Earths Project in $8-12M IPO
8:48am on Thursday 9th of July, 2026 AEST
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Mining
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Godolphin Resources to Spin Out $12.5M Narraburra Rare Earths Project in $8-12M IPO
8:48am on Thursday 9th of July, 2026 AEST
Key Points
Matrix Critical Minerals IPO targets $8-12 million at $0.20 per share
Narraburra Rare Earths Project valued at $12.5 million with 62.5 million shares issued to Godolphin
Pro-rata in-specie distribution of 50 million Matrix shares to Godolphin shareholders
Narraburra’s yttrium-rich rare earths profile addresses supply constraints amid China export controls
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Godolphin Resources (ASX:GRL)
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