Northern Minerals wants new pricing model for dysprosium to support demand from the US military
The company is focused on developing an efficient supply chain from mining through to production and development of dysprosium for the US military.
Company
Northern Minerals Ltd
ASX:NTU
Northern Minerals Ltd (ASX:NTU) is positioned to become one of the few producers of heavy rare earth element dysprosium via production from the Browns Range Heavy Rare Earth Project in Western Australia. Through the development of the flagship project, Northern Minerals aims to build the operation into a significant world producer of dysprosium outside of China. The project is 100%-owned by Northern Minerals and has several deposits and prospects containing high-value dysprosium and other heavy rare earths, hosted in xenotime mineralisation.
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Rare earths & specialist minerals
Northern Minerals progresses $20 million placement to support Browns Range Heavy Rare Earths Project
The heavy rare earths producer aims to develop the Browns Range project into the first significant world producer of dysprosium outside of China.
Rare earths & specialist minerals
Northern Minerals progresses Browns Range Pilot Plant Project with full capacity rates expected next quarter
In January 2020 the company received a further $200,000 in subscription funds in relation to its $30 million placement announced on July 22, 2019.
Rare earths & specialist minerals
Northern Minerals receives further $200,000 in subscription funds as part of $30 million placement
Through the development of the flagship Browns Range Heavy Rate Earths Project the company aims to build the Western Australian operation into the first significant world producer of dysprosium outside of China.
Northern Minerals finds high-grade copper in sampling at John Galt project
The copper provides potential for commodity diversification for a heavy rare earths producer focused on electric vehicles and sustainable power generation.
Rare earths & specialist minerals
Northern Minerals secures another $800,000 as part of $30 million placement
The company has now raised about $25.5 million in funding with the balance expected by December 31.
Investments and investor services
Northern Minerals secures $24.7 million after gaining shareholder approval at AGM
NTU aims to build its Browns Range operation into the first significant world producer of dysprosium outside of China.
Rare earths & specialist minerals
Coffee with Samso: Northern Minerals - A new wave of energy for the rare earth companies
In this episode George Bauk from Northern Minerals discusses renewed interest in rare earths and the forces at play that are creating this interest.
Northern Minerals confirms positive results from initial stages of bench scale test work
Subject to approvals, Northern Minerals aims to have an ore sorter installed and commissioned by mid-2020 at the Browns Range Project in WA.
Rare earths & specialist minerals
Northern Minerals to focus 2020 exploration on high-grade Browns Range unconformity targets
Following recent success at Dazzler deposit, the company has today started a 4,000-metre reverse circulation program.
Northern Minerals intersects near-surface high-grade rare earths at Dazzler prospect
Further drilling at Browns Range Project is set to commence later this week, with exploration and resource definition drilling planned at several different deposits and targets.
Northern Minerals raises $23.1 million from share placement; closing date extended
Northern Minerals aims to build its Browns Range project in WA into the world’s first significant producer of dysprosium outside of China.
Northern Minerals flags timetable for Australian rare earths operation Browns Range
It hopes to move to full-scale production by mid-2020 as governments such as the US and China puzzle on where to source reliable rare earth supplies.
Northern Minerals continues to focus on strong balance sheet during FY20
The company made its first shipment of rare earths in December 2018, which was a major milestone for the company and the Browns Range Project in the northern Tanami region.
Northern Minerals eyes globally significant role for Browns Range project amid heightened interest in rare earth elements
Chinese dominance of production, US interest in securing supply and surging dysprosium prices provide the company with a rare opportunity to become the principal supplier of ethically produced rare earth metals.
Investments and investor services
Coffee with Samso - Northern Minerals and the rare earths industry
Northern Minerals aims to become the first significant producer of dysprosium outside of China.
Northern Minerals resumes infill and exploration drilling at Browns Range rare earths prospects
The drilling program will test new targets after recent drilling success at the Dazzler prospect returned the best-ever intercept at Browns Range.
Northern Minerals gives shareholders more time, $22.6 million secured
NTU aims to build its Browns Range operation into the first significant world producer of dysprosium outside of China.
Northern Minerals reveals best ever drill result from Browns Range Project
Infill drilling at the Dazzler Prospect returned high-grade results with one hole returning the best drilling intersection ever recorded at the Browns Range Project.
Northern Minerals signs agreement with thyssenkrupp for 100% of Browns Range rare earths pilot plant offtake
The companies have also formally shown intention to collaborate on implementing separating technologies.