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 placement to support Browns Range Northern placement to support Browns Range Northern placement to support Browns Range Northern placement to support Browns Range Northern placement to support 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

topics

loader
  • Top News: Vale Terry Grammer. Read more.
  • Top News: SolGold's relationship with BHP, Newcrest not 'soured'. Read more.
  • Top News: Nickel Mines becomes 'new force in global nickel'. Read more.