All tagged Northern Minerals ASX:NTU

Northern Minerals in $22m capital raising

Northern Minerals (ASX: NTU) has entered into subscription agreements to raise $15 million by way of a placement and is undertaking a 1 for 13 accelerated non-renounceable entitlement offer at A$0.045 per share to raise approximately A$6.95 million, all before costs. The Entitlement Offer will involve the issue of up to approximately 154,451,564 new fully paid ordinary shares in the Company.

Northern Minerals plans capital raising

Northern Minerals Limited (ASX: NTU) has provided an update to investors about its future capital raising initiatives following the recently announced $20 million placement, $15 million subscription and the R&D Claims update. The $20 million placement and $15 million subscription have resulted in the Company obtaining commitments to raise a total of $35 million (with $30 million received to date) and have assisted the Company to strengthen its balance sheet and to pay down some of the Company’s existing debt.

In-principle agreement reached with ATO: Northern Minerals

Australian heavy rare earths producer Northern Minerals (ASX: NTU) and the Australian Taxation Office have reached an in-principle agreement regarding the Company’s repayment of the $13.4 million owing in relation to its 2016-17 and 2017-18 R&D claims. Northern Minerals will make monthly repayments over the next 24 months; however, it will also be seeking an internal review of AusIndustry's decision in relation to R&D claims.

Encouraging portable XRF results from Dazzler drilling: Northern Minerals

Australian heavy rare earths producer Northern Minerals (ASX: NTU) says follow-up drilling has been successful at the Dazzler and Iceman deposits. A program of reverse circulation drilling has been completed, with 17 holes for 1143m completed at Dazzler and 5 holes for 300m at Iceman. Anomalous portable XRF measurements of yttrium have been recorded from several drill holes at Dazzler.

Northern Minerals welcomes Xiaohua Liu to its board

Australian heavy rare earths producer Northern Minerals (ASX: NTU) has appointed Ms Xiaohua Liu to its board as a Non-Executive Director, effective immediately. Ms Liu is an investment banker, with over 7 years’ experience in corporate advisory and equity markets, predominantly in China. Ms Liu is a Chinese citizen and resides in Beijing. Ms Liu has a Masters of Law from the China University of Geosciences in Beijing and a Bachelor of Law from Tianjin University of Commerce.