Argonaut acted as Joint Lead Manager to the Placement of Northern Minerals Limited (ASX:NTU) to advance the Browns Range project towards a final investment decision during Q1 CY2024. The Placement was strongly supported by new & existing institutional and sophisticated investors.
Proceeds from the Placement, along with existing cash reserves and Critical Minerals Development Program (CMDP) funding, will enable Northern Minerals to finalise the Browns Range Project definitive feasibility study, complete the CMDP work programs, progress certain early works with long lead items and provide general working capital.
Argonaut is delighted to support Northern Minerals and looks forward to the Company’s ongoing success.
Additional information regarding Northern Minerals can be found on the Company’s website at https://northernminerals.com.au/