Desk · Development / financing · HREE-heavy
ASX:NTU
Northern Minerals
Browns Range, WA — xenotime HREE, the Australian heavy-rare flag. Pilot plant heritage; the live question is a commercial plant and a separator.
Quiet
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 12-01 Listing
- 2) 12-01 Beat
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Life support
Isoelectric. No material beat in the window. A listing is not vitality.
- Last beat
- —
- Beats / 90d
- 0
- Recent gap
- —
0 beats in 180d
- — No dated beat in the trailing window.
- — Next: Commercial plant finance (101d).
- — Government / strategic paper is on the tape.
Trading
- Last
- A$0.035
- 1d
- +2.9%
- Mkt cap
- $130M
- Volume
- 8.5M
- 52-week
- A$0.015 – A$0.06
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · EV / MagREO $11M/kt · snapshot, not a live tape
Company & people
HQ
Perth, Australia
Focus
HREE-heavy · Hard rock
CEO Shane Hartwig
- Shane Hartwig, CEO
Mine / project
Flagship
Browns Range
Location
Kimberley, Western Australia · Australia
Deposit
Xenotime
Resource
HREE xenotime; dysprosium is the product. Pilot plant previously ran. Commercial restart is the work.
Desk basket
12 kt MagREO (desk)
Radioactivity
Moderate — typical monazite / carbonatite
Capital, loans, grants & support
Australian critical minerals partner
Policy support as the domestic HREE flag
- Historical offtake attempts — confirm what is live
The Pulse
Xenotime is the right mineral for Dy. The company has been a development story for a decade. Pulse returns on a funded commercial plant, not another pilot souvenir.
ASX. A US offtake on Dy/Tb oxide would matter more than a listing.
Next: 1 Dec 2026 — Commercial plant financing
Nasdaq path
Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.
- 01 · DoneASX listing
Primary listing NTU. Browns Range xenotime is the Australian heavy-rare flag.
- 02 · GapUS OTC
No OTCQB strategy the desk will count.
- 03 · GapDTC eligibility
Not in play.
- 04 · GapUS holder tape
A US offtake on Dy/Tb oxide would matter more than a ticker.
- 05 · NextCommercial plant finance1 Dec 2026
Pilot heritage is a decade old. Pulse is a funded commercial plant.
- 06 · GapSEC registration
No 20-F.
- 07 · GapNasdaq $4 bid
Last ~A$0.035. Penny board.
- 08 · GapNasdaq application
Not a listing story. Sell Dy oxide, then talk.
Catalysts
Commercial plant financing
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method