Australia Government Instructs 6 Shareholders of Australia-Listed $228 Million Rare Earths Company Northern Minerals to Sell Stakes Within 2 Weeks Due to National Security, 6 Shareholders are Registered in China, Hong Kong & British Virgin Islands (BVIs), Founded in 2006 as Northern Uranium & Renamed to Northern Minerals in 2011, Top Shareholders Include Vastness Investment Group, Real International Resources, Qogir Trading & Service Co, Liu Jing, Re Mining Investment Co, Hong Kong Ying Tak, Yongquan He, Yuzhen Ma, Wang Wei & Chuanyou Cong, Current Market Value at $228 Million, Share Price -6.7% YTD, -6.7% Last 12 Months & -30% Last 5 Years
19th May | Hong Kong
Australia government has instructed 6 shareholders of Australia-listed rare earths company Northern Minerals ($228 million market value) to sell their stakes within 2 weeks due to national security. The 6 shareholders are registered in China, Hong Kong & British Virgin Islands (BVIs). Northern Minerals was founded in 2006 as Northern Uranium, and renamed to Northern Minerals in 2011. Northern Minerals top shareholders include Vastness Investment Group, Real International Resources, Qogir Trading & Service Co, Liu Jing, Re Mining Investment Co, Hong Kong Ying Tak, Yongquan He, Yuzhen Ma, Wang Wei & Chuanyou Cong. Northern Minerals current market value at $228 million, share price -6.7% YTD, -6.7% last 12 months & -30% last 5 years. Northern Minerals – Northern Minerals (ASX: NTU) is a mineral exploration and development company with interests in heavy rare earth (HRE) elements, specifically dysprosium, lutetium and terbium. Northern Minerals has large landholdings in Western Australia (WA) and the Northern Territory which are highly prospective for these elements. Through the development of its flagship project in WA, the Browns Range Project, Northern Minerals aims to be the first significant world producer of dysprosium outside of China. Dysprosium is a key element in high performance permanent magnets, it makes them more powerful and more efficient. These characteristics are essential in achieving optimal performance in energy intense applications such as hybrid and electric vehicles, and wind turbines. Northern Minerals will develop the Browns Range Project in three stages, stage one will involve building a 60,000tpa pilot plant at Browns Range, stage two will include completing project development studies and undertaking the engineering and design to a BFS level, and stage three will be to build the full scale project.
“ Australia Government Instructs 6 Shareholders of Australia-Listed $228 Million Rare Earths Company Northern Minerals to Sell Stakes Within 2 Weeks Due to National Security, 6 Shareholders are Registered in China, Hong Kong & British Virgin Islands (BVIs), Founded in 2006 as Northern Uranium & Renamed to Northern Minerals in 2011, Top Shareholders Include Vastness Investment Group, Real International Resources, Qogir Trading & Service Co, Liu Jing, Re Mining Investment Co, Hong Kong Ying Tak, Yongquan He, Yuzhen Ma, Wang Wei & Chuanyou Cong, Current Market Value at $228 Million, Share Price -6.7% YTD, -6.7% Last 12 Months & -30% Last 5 Years “
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Australia Government Instructs 6 Shareholders of Australia-Listed $228 Million Rare Earths Company Northern Minerals to Sell Stakes Within 2 Weeks Due to National Security, 6 Shareholders are Registered in China, Hong Kong & British Virgin Islands (BVIs), Founded in 2006 as Northern Uranium & Renamed to Northern Minerals in 2011, Top Shareholders Include Vastness Investment Group, Real International Resources, Qogir Trading & Service Co, Liu Jing, Re Mining Investment Co, Hong Kong Ying Tak, Yongquan He, Yuzhen Ma, Wang Wei & Chuanyou Cong, Current Market Value at $228 Million, Share Price -6.7% YTD, -6.7% Last 12 Months & -30% Last 5 Years
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