Northern Minerals open to more funding

ASX-listed Northern Minerals on Tuesday told shareholders that the company could seek further funding in the form of debt, equity or both to progress its Browns project, on the border of Western Australia and the Northern Territory.

The announcement comes as Northern Minerals announced that Chinese investor China’s Baogang Group Investment had agreed to voluntary extend the date for Foreign Investment Review Board approval for a A$20-million investment from February 27, to March 5.