Latest news for Northern Minerals (OTC:NOURF) Stock

Northern Minerals Ltd is a mineral exploration company. It is engaged in the exploration and producer of the heavy rare earth, dysprosium outside of China. The company's portfolio consists of three projects, the Browns Range and John Galt projects in Western Australia and the Boulder Ridge Project located in the Northern Territory.

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Australian Treasurer Jim Chalmers ordered China-linked investors to divest from rare earths miner Northern Minerals to protect national interest.

Australia Orders China-Linked Investors To Divest From Rare Earths Miner Northern Minerals

NORTHERN URANIUM LTD ORD by Northern Uranium, Ltd.

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Lynas: Rare Earth Mining Stocks Sinking Despite China Sabre Rattling And Congress Hyperbole

Northern Minerals Limited (AU:NTU) has released an update. Northern Minerals Limited has announced a board restructure, appointing Adam Handley as ...

Northern Minerals Appoints New Leadership

Northern Minerals Limited (AU:NTU) has released an update. Northern Minerals Limited reports robust assay results from its drilling program at the ...

Northern Minerals Advances Browns Range Project

Ord Minnett analyst Matthew Hope maintained a Hold rating on Northern Minerals Limited (NOURF – Research Report) today and set a price target of A$...

Ord Minnett Sticks to Their Hold Rating for Northern Minerals Limited (NOURF)

Northern Minerals Limited (AU:NTU) has released an update. Northern Minerals Limited held its deferred 2023 Annual General Meeting, focusing on mov...

Northern Minerals Prioritizes Advancing Rare Earths Project

Northern Minerals Limited (AU:NTU) has released an update. At Northern Minerals Limited's Annual General Meeting, shareholders passed Resolutions 1...

Northern Minerals AGM: Key Resolutions Passed

There's a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Northern Minerals Limited (NOURF – Research Report) a...

Analysts' Top Materials Picks: Northern Minerals Limited (NOURF), Lavoro Limited (LVRO)

Northern Minerals Limited (AU:NTU) has released an update. Northern Minerals Limited has issued a final notice regarding the departure of director ...

Northern Minerals Director Exits with Major Stake

Northern Minerals Limited (AU:NTU) has released an update. Northern Minerals Limited has announced the cessation of 3,408,334 performance rights du...

Northern Minerals Cuts Off Performance Rights

Northern Minerals Limited (AU:NTU) has released an update. Northern Minerals Limited has released a presentation highlighting their commitment to c...

Northern Minerals: Future-Oriented Value Creation

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Northern Minerals

Australian Treasurer Jim Chalmers ordered several China-linked investors to divest from <a href="https://www.benzinga.com/etfs/23/07/33233340/rare-earth-elements-explained">rare earths</a> miner Northern Minerals Ltd (OTCPK: NOURF). As green technologies gain importance, countries are becoming increasingly inclined to safeguard production.



&#8220;The decision, based on advice from the Foreign Investment Review Board, is designed to protect our national interest and ensure compliance with our foreign investment framework,&#8221; a spokesperson for Chalmers announced on Monday,<a href="https://www.afr.com/companies/mining/chinese-linked-investors-forced-to-offload-northern-minerals-shares-20240603-p5jips"> per</a> Australian Financial Review's report.



Northern Minerals is currently developing the Browns Range project. Located in the far northeast of Western Australia, it is one of the world&#8217;s most significant sources of dysprosium and terbium. These minerals are essential for manufacturing high-performance magnets and batteries, playing a critical role in the global transition to renewable energy and advanced technological applications.



The divestment order impacts several entities, including Yuxiao Fund, Black Stone Resources, Indian Ocean International Shipping and Service Co., and individual investors Ms. Ximei Liu and Mr. Xi Wang.



Now Read:<a href="https://www.benzinga.com/news/large-cap/24/06/39155495/rio-tinto-invests-143m-in-low-emission-steel-research-and-development"> Rio Tinto Invests $143M in Low-Emission Steel Research And Development</a>



Yuxiao Fund, controlled by Wu Tao, attempted to increase its stake in Northern Minerals to 19.9% in February 2023. Chalmers blocked this action, citing the need to scrutinize foreign investments more closely. Tao has also campaigned for the removal of Northern Minerals&#8217; executive chairman, Nick Curtis, who stepped down from the board last week.



Still, Tao's plan to join the company's board is now compromised as he and the others must complete the divestment process within 60 days. Meanwhile, Northern Minerals prepares for its annual general meeting on Thursday, June 6. This meeting is expected to provide more clarity on the situation and the future direction of the company.



&#8220;National security threats are increasing due to intensifying geopolitical competition. The government is dedicating greater resources and scrutiny to foreign investment proposals in critical and sensitive sectors of the economy in order to consider economic benefits, security risks, and potential mitigations,&#8221; Secretary to the Treasury Steven Kennedy said in opening<a href="https://treasury.gov.au/speech/opening-statement-economics-legislation-committee-june-2024"> remarks</a> to Australia's Economics Legislation committee on Monday.



"These actions will ensure that Australia can attract the significant foreign investment needed to support its priorities while protecting the national interest in an increasingly complex global environment," he said.



Also Read:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39163832/sunoco-nustar-acquisition-concerns-do-not-justify-stocks-underperformance-analyst"> Sunoco, NuStar Acquisition Concerns &#8216;Do Not Justify Stock&#8217;s Underperformance&#8217;: Analyst</a>



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!



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Latest news for Northern Minerals (OTC:NOURF) Stock

Tuesday, June 04, 2024