Why is the Northern Minerals (ASX:NTU) share price taking a dive today? // The Motley Fool Australia

The Northern Minerals Ltd (ASX: NTU) share price is down nearly 7% today, despite a positive drilling announcement out of the company this morning.

At the time of writing, the Northern Minerals share price is sitting at 4.3 cents per share.

So who is Northern Minerals?

Northern Minerals aims to be a “principal supplier of ethically produced Rare Earth Metals and separated products from the world’s largest Heavy Rare Earth Element inventory within 10 years.”

The company’s flagship project is the Browns Range Project in Western Australia. This site is presently being tested for deposits and prospects that contain high value dysprosium and other heavy rare earths (HREs).

First Browns Range drilling results indicate potential