CAPITAL MARKETS

Northern raises funds, slightly delays Browns Range FID

LONG-mooted rare earths developer Northern Minerals has raised A$25 million in new equity for progressing its Browns Range project in northern Western Australia, where a final investment decision has now been slightly delayed to the first half of next year.

A lot of work has been carried out at Browns Range over the years

A lot of work has been carried out at Browns Range over the years

The FID had been pegged for the first quarter. No explanation for the for the delay was provided by the Iluka-backed company. The $25 million is being raised at 3c per new share. A definitive...

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