Australia's Northern Minerals falls on discounted placement
27/10/2025 03:10
** Shares of Northern Minerals NTU.AX fall as much as 22.2% to A$0.049, their lowest level since October 20 ** Stock marks its biggest intraday pct fall since October 15 ** The critical minerals producer secures A$60.5 million ($39.31 million) placement ** Issue price of A$0.051 represents a discount of 19% to the stock's last close ** Funds raised from the placement will be used to advance the Browns Range Heavy Rare Earths Project ** About 104.5 million shares change hands, 2.2 times the 30-day avg ** Stock is up 147.6% YTD, including the session's moves ($1 = 1.5389 Australian dollars) (Reporting by Anjali Singh in Bengaluru) ((anjali.singh2@thomsonreuters.com;))
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