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Northern Minerals Limited ( (AU:NTU) ) just unveiled an update.
Northern Minerals Limited has clarified details regarding Resolution 6 in their 2025 Notice of Annual General Meeting, which involves ratifying a prior issuance of shares to Go&Company (HK) Limited. The approval of this resolution will reinstate less than 1% of the company’s placement capacity, contrary to some interpretations. Additionally, Northern Minerals recently completed a $60.5 million placement to institutional investors, which will reduce their capacity to issue further equity without shareholder approval until either ratified at a future meeting or twelve months from the issuance date. This clarification ensures shareholders are informed ahead of the upcoming meeting.
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 (ASX: NTU) is an Australian company focused on heavy rare earths, owning 100% of the Browns Range Heavy Rare Earths Project in Western Australia. The project is rich in dysprosium and terbium, critical elements for producing durable magnets used in clean energy, military, and high technology solutions. The company aims to provide an alternative source of these elements outside of China and is progressing towards commercial-scale operations.
Average Trading Volume: 36,044,523
Technical Sentiment Signal: Buy
Current Market Cap: A$343.6M
See more insights into NTU stock on TipRanks’ Stock Analysis page.