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Northern Minerals Limited (ASX:NTU)

ALERT: Price-sensitive ASX Announcement for NTU
Current share price for NTU : $0.027 0 (0%)+
Announcement
Release
14 Jul 2026 9:40AM
Price at Release
$0.027
Full Release
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Summary
The Federal Treasurer of Australia has issued interim directions under the Foreign Acquisitions and Takeovers Act 1975, restricting Hong Kong Ying Tak Limited, Real International Resources Limited, and Qogir Trading & Service Co., Limited from exercising voting rights or any other powers in relation to their shares in Northern Minerals Limited. These entities have contravened the May Disposal Orders that required them to divest their shares in Northern Minerals by early July 2026. Consequently, Northern Minerals is instructed not to recognize any voting rights or other powers held by these shares during company meetings. Northern Minerals, an Australian company, owns the Browns Range Heavy Rare Earths Project, which is rich in elements like dysprosium and terbium, essential for modern technology applications. The company aims to be a reliable alternative source for these rare earths, reducing dependence on China.
Key Points
  • Federal Treasurer issued Interim Directions under the Foreign Acquisitions and Takeovers Act 1975.
  • Interim Directions apply to Hong Kong Ying Tak Limited, Real International Resources Limited, and Qogir Trading & Service Co., Limited.
  • These entities are restricted from exercising voting rights or other powers related to shares in Northern Minerals Limited.
  • Entities failed to comply with May Disposal Orders to divest shares in Northern Minerals.
  • Northern Minerals Limited directed not to recognize voting or other rights of shares held by the entities.
  • Northern Minerals Limited owns the Browns Range Heavy Rare Earths Project in Western Australia.
  • The project is rich in dysprosium and terbium, critical for high-tech applications.
  • Northern Minerals seeks to provide an alternative source of rare earths outside China.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.