Business
Rare earths play Northern Minerals seeks $20m – The Australian Financial Review
Two days after announcing it was fast-tracking reaching commercial rare earths production, Northern Minerals is seeking a cash injection to make it all happen.
Two days after announcing it was fast-tracking reaching commercial rare earths production, Northern Minerals is seeking a cash injection to make it all happen.
Northern Minerals was hunting a capital injection on Friday. Louise Kennerley
The company was looking for $20 million in fresh equity on Friday morning via a placement of new shares, according to terms sent to funds.
The shares were being offered at 4.9¢ each, which represented a 5.8 per cent discount to Northern Minerals last close, and…
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