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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 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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