Northern Minerals has raised $10m via a placement to ramp up exploration and development activities at its high-grade Dazzler and Iceman prospects on the back of positive sentiment for the emerging rare earth sector. The company points to key commodity price increases and the recent unsolicited $1.5b takeover approach by Wesfarmers to rare earth producer Lynas Corporation, as evidence of an increased interest in the sector.
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Northern MineralsClosing price for the last 90 trading daysPowered by Morningstar ®
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Rank Company Revenue 134th Northern Minerals $1.3m 168th Sipa Resources $719k 169th Mount Ridley Mines $705k 171st Falcon Metals $688k 173rd Evolution Energy Minerals $682k 604 listed resources wa companies ranked by revenue.
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