NTU Initial $3.5 million placement funds received
Filed with ASX · · 2 pages · English
Summary by 6ix AI
The funds will be used for working capital purposes, following the issuance of shares to various sophisticated investors under existing placement capacity. This announcement is part of the company's ongoing efforts to support its Browns Range Heavy Rare Earth Pilot Plant Project in Western Australia.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Earlier from Northern Minerals
- NTU strengthens balance sheet with $20m placement
- Northern Minerals receives final $1m from placement
- Northern Minerals receives further $1m from placement
- NTU Dazzler shines with high-grade maiden mineral resource
- NTU announces further $3m placement
Later from Northern Minerals
- NTU - Further $3.5 million placement funds received
- NTU - Positive signs for rare earth sector
- $15 million Share and Convertible Note Subscription Secured
- Strong Balance Sheet facilitates 2018 R&D Loan Repayment
- NTU - Extension drilling commenced at Dazzler and Iceman
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