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Northern Minerals Limited ( (AU:NTU) ) has issued an update.
Northern Minerals Ltd has received non-binding and conditional letters of support from Export Finance Australia and the Export-Import Bank of the United States, following a landmark agreement between the USA and Australia to invest in critical minerals projects. This support underlines the global significance of Northern Minerals’ Browns Range Heavy Rare Earths Project, which is poised to become a major supplier of Dysprosium and Terbium outside China. The project is expected to produce around 8% of the current global supply of these minerals, with production targeted from 2028. The financial backing is seen as a critical step towards finalizing funding for the project, which aligns with efforts to diversify supply chains and strengthen Australia’s position in the rare earths market.
The most recent analyst rating on (AU:NTU) stock is a Hold with a A$0.03 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 Ltd (ASX: NTU) is an Australian company focused on the development of heavy rare earths projects. The company is primarily engaged in the exploration and production of Dysprosium, Terbium, and Yttrium-rich heavy rare earths, with a significant project located in the East Kimberley region of Western Australia. Northern Minerals aims to address the global shortfall in these critical minerals, which are essential for clean energy technologies, advanced defense systems, medical applications, and humanoid robotics.
Average Trading Volume: 14,707,857
Technical Sentiment Signal: Buy
Current Market Cap: A$426.2M
Learn more about NTU stock on TipRanks’ Stock Analysis page.