New Frontier Minerals Limited Raises AU$2.25 Million to Accelerate Harts Range Development
New Frontier Minerals Limited (ASX: NFM) has secured firm commitments to raise AU$2.25 million through a placement priced at AU$0.021 per share, supported by new and existing institutional and sophisticated investors. The capital raise follows exceptional beneficiation results generated using Metallium Ltd’s proprietary Flash Joule Heating (FJH) technology on a 25kg Harts Range ore sample, which delivered a ~20x upgrade in TREO to 35% and significant enrichment in heavy rare earths, including dysprosium and terbium. These outcomes underpin a binding commercial framework with Metallium aimed at establishing a pathway to supply US magnet and defence markets.
Funds will expedite development activities at the Harts Range Project as drilling begins across ~2,500m to target depth extensions of key HREE mineralisation. Additional capital will advance the mining lease application for the Big One Deposit at the NW Queensland Copper Project and support general working capital. The placement includes free attaching options, subject to shareholder approval.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au
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New Frontier Minerals Limited Raises AU$2.25 Million to Accelerate Harts Range Development
New Frontier Minerals Limited (ASX: NFM) has secured firm commitments to raise AU$2.25 million through a placement priced at AU$0.021 per share, supported by new and existing institutional and sophisticated investors. The capital raise follows exceptional beneficiation results generated using Metallium Ltd’s proprietary Flash Joule Heating (FJH) technology on a 25kg Harts Range ore sample, which delivered a ~20x upgrade in TREO to 35% and significant enrichment in heavy rare earths, including dysprosium and terbium. These outcomes underpin a binding commercial framework with Metallium aimed at establishing a pathway to supply US magnet and defence markets.
Funds will expedite development activities at the Harts Range Project as drilling begins across ~2,500m to target depth extensions of key HREE mineralisation. Additional capital will advance the mining lease application for the Big One Deposit at the NW Queensland Copper Project and support general working capital. The placement includes free attaching options, subject to shareholder approval.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au