Northern Minerals receives initial $3.5m from placement

Northern Minerals receives initial $3.5m from placement

Australian heavy rare earths producer, Northern Minerals Limited (ASX: NTU) has received initial funds of $3.5 million as part of Tranche 1 of the previously announced $20 million placement. The remaining funds for Tranche 1 are due before 31 March 2019.


Australian heavy rare earths producer, Northern Minerals Limited (ASX: NTU) has received initial funds of $3.5 million as part of Tranche 1 of the previously announced $20 million placement.

The remaining funds for Tranche 1 are due before 31 March 2019.

The shares have been issued to various sophisticated investors out of the Company’s existing placement capacity under Listing Rule 7.1A. Funds raised from the issue of the shares will be utilised for working capital purposes.

US$21m Wetar project facility repaid: Finders

US$21m Wetar project facility repaid: Finders

Mineral Resources completes $52m equity buy in Mt Marion

Mineral Resources completes $52m equity buy in Mt Marion