Australian heavy rare earths-focused company Northern Minerals Limited (ASX: NTU) refers to previous announcements relating to:
- orders made by the Treasurer dated 17 May 2026, exercising his powers under the Foreign Acquisitions and Takeovers Act 1975 (Cth) to make disposal orders against six foreign investors in Northern Minerals shares (representing approximately 17.58% of the total number of Northern Minerals shares on issue) (New Disposal Orders).
The New Disposal Orders relate to 1,678,895,780 Northern Minerals shares (representing approximately 17.58% of the total number of Northern Minerals shares on issue as at 19 May 2026) held by six foreign shareholders.
In short, the Treasurer had ordered the six foreign shareholders to divest part or all their respective shareholdings in Northern Minerals by 2 July 2026 (New Disposal Orders Divestment Due Date).
The Company notes the New Disposal Orders Divestment Due Date has now passed and as such the Company will provide relevant share registry information to the Foreign Investment Division of the Department of Treasury (FIRB) to assist in the process of determining compliance with the New Disposal Orders.
