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Northern Minerals advances Browns Range but funding still blocks FID
8:11am on Friday 30th of October, 2026 AEDT
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Mining
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Northern Minerals advances Browns Range but funding still blocks FID
8:11am on Friday 30th of October, 2026 AEDT
Key Points
30 September FID target missed as funding negotiations remain incomplete
A$37.9 million FY2026 net loss and A$29.2 million operating cash outflow
A$60.5 million equity raising repaid Iluka’s convertible note and cut debt
Potential US$230 million EXIM financing remains conditional and non-binding
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