In a series of company-making deals, Northern Minerals has secured $54m in funding for its emerging Browns Range rare earths project
In a series of company-making deals, Northern Minerals has secured $54m in funding for its emerging Browns Range rare earths project. The company is our sole Portfolio rare earths exposure and its massive ~10,500 sq km acreage package within the Gardiner-Tanami province has enormous potential to develop into a robust mining operation, supplying high-quality rare earths to a burgeoning Asian market. The company has over the past week announced important funding developments, including a $4m loan facility with Macquarie Bank, along with a potential new $49.5m funding partnership with Jien Mining. Northern Minerals' share price performance has defied poor sentiment within the broader junior resource sector.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).