CAPITAL MARKETS

Northern placement to support Browns Range

NORTHERN Minerals’ George Bauk has charmed a further A$22 million from sophisticated investors to pay down $7.5 million in convertible notes issued last year, and to maintain its recently-suspended Browns Range pilot plant in Western Australia so it can resume producing rare earths as soon as the markets settle.

 Northern has raised additional cash for Browns Range.

Northern has raised additional cash for Browns Range.

The company had been working with Chinese firm Baogang to close a $20 million placement since last August, but this morning it was revalled Australian treasurer Josh Frydenberg decided to block the deal....

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