Northern Minerals Limited

Listed on Australian Securities Exchange (ASX)

Developer of the Browns Range heavy rare earths project in Western Australia, focused on dysprosium and terbium.

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Market Cap$173.97M

Enterprise Value$140.21M

Cash$34.31M

Debt$547.94K

Listed OnAustralian Securities Exchange (ASX)

Shares Outstanding9.55B

Reporting DateJul 28, 2026

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Latest Coverage

Sep 7, 2026

Northern Minerals’ A$592 Million Browns Range FID Comes Down to Government Debt

Northern Minerals’ Browns Range project has a completed DFS, advanced approvals and a conditional downstream route through Iluka, but its September FID still hinges on converting Australian and US government support into binding financing for a roughly A$592 million build.