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The latest update is out from Northern Minerals Limited ( (AU:NTU) ).
Northern Minerals Limited has made significant strides in its Browns Range Heavy Rare Earths Project, highlighting its strategic importance amid global geopolitical shifts that emphasize the need for diversified supply chains. The company has received non-binding letters of interest and support from the Export-Import Bank of the United States and Export Finance Australia, potentially securing up to US$230 million in project funding. The recently released Definitive Feasibility Study (DFS) underscores the project’s technical and financial viability, projecting substantial contributions to global Dysprosium and Terbium demand. Northern Minerals is working towards finalizing its funding arrangements, with a target for first production by 2028, aligning with anticipated global supply shortfalls.
The most recent analyst rating on (AU:NTU) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Northern Minerals Limited stock, see the AU:NTU Stock Forecast page.
More about Northern Minerals Limited
Northern Minerals Limited operates in the mining industry, focusing on the extraction and supply of heavy rare earth elements (HREEs). The company is primarily engaged in the Browns Range Heavy Rare Earths Project in Australia, which aims to supply critical minerals like Dysprosium and Terbium, essential for high-performance permanent magnets used in clean energy technologies.
Average Trading Volume: 28,774,029
Technical Sentiment Signal: Buy
Current Market Cap: A$392.8M
See more insights into NTU stock on TipRanks’ Stock Analysis page.