Northern Minerals (ASX:NTU) enters trading halt ahead of capital raise

  • Northern Minerals (NTU) will go into the weekend in a trading halt ahead of an upcoming capital raise
  • The heavy rare earths producer will remain in the halt until February 16 unless details of the raise are announced earlier
  • A few days ago, NTU revealed it is accelerating a feasibility study for a commercial-scale benefaction plant at the Browns Range Pilot Plant in WA
  • The company is in the process of completing the construction and installation of the ore sorter equipment with a trial planned in the second quarter of 2021
  • Northern Minerals is aiming to have first cashflow from the plant in 2023, two years earlier than previously anticipated
  • Shares in Northern Minerals last traded at 5.2 cents on February 11

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