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Northern Minerals (ASX: NTU)

You may never have heard of Dysprosium, but you will soon, with one ASX stock set to build the first mine outside of China.

Dysprosium is one of the ‘heavy’ rare earths, which fetch much higher prices on the global market than light rare earths.

Dysprosium’s bullish demand predictions over the coming years are based on its use in high performance magnets – by adding this element to magnets, its helps them operate more efficiently at higher temperatures – and that is exactly what lithum ion battery powered devices need… 

This ASX listed company already has an MoU for an offtake agreement in place, $30M funding secured from a cornerstone investor and its JORC’d and DFS’d flagship project is rated as ‘best-in-class’ on quantity and grade.

Some estimates suggest this project’s mine life could reach beyond 100 years…

The company’s project will be the first mine in Australia to focus on the production of Dysprosium and since 2012, this company has increased its JORC compliant mineral resource fivefold.

This $70 million capped company has a three-stage development plan in the works, including a Bankable Feasibility Study (BFS) due very shortly.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

Think solar, sustainable energy, batteries, magnets, lasers and electric cars and you get a sense of the impact this company’s resource can have.

And with government support in tow, a $30 million funding agreement in place and sales channels already earmarked, this company is aiming to become the first major producer of dysprosium outside of China.

 

Latest Article

ASX Stock Secures $30M on Path to Build Australia’s First Heavy Rare Earths Mine

Today’s ASX company has the pedigree to take a serious bite out of the lucrative rare earths market — and the cherry on top is that this company has formulated its audacious plan right here in Australia. Some of the standout features in this junior are that it has an MoU for an offtake agreement in place, $30M in funding has been secured and its JORC’d and DFS’d flagship project is rated as ‘best-in-class’ on quantity and grade – with some estimates suggesting this project’s mining life could reach beyond 100 years on the back of its promising exploration targets.

Oct 5, 2016 Continue Reading

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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