Northern Minerals has completed an oversubscribed share placement, with the funds going towards exploration at the company's rare earths projects in WA and the Northern Territory.
Rare earths producer Northern Minerals will receive a $9.9 million refund from the ATO after settling a long-running tax dispute related to earlier research and development claims.
Western Australia-based resources firms Crescent Gold, Latin Resources, and Hot Chili have each announced strong interest and oversubscriptions to capital raisings collectively worth around $16 million.
Investors' appetite for gold-related plays is on the up, with Crescent Gold the latest in a string of Western Australia-based gold explorers and miners to report an overabundance of interest in its latest capital raising.
