Northern to receive funding before year-end

Rare earths developer Northern Minerals expects to receive the remaining A$18-million from a A$30-million equity investment from Huatai Mining before the end of the year. The ASX-listed company told shareholders on Tuesday that Huatai’s parent company, Shandong Taizhong Energy, had offered Northern Minerals a guarantee of funding completion and confirmed that Huatai and Taizhong would continue their best endeavours to complete the final tranche subscription as soon as funding was available.