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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:NTU
News: Latest news
Web Site: Northern Uranium
Other Articles: 01-09-201023-08-201009-08-2010

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Thursday September 02, 08:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Friday September 03, 01:02TD Bank posts 29% increase in Q3 profits on strong retail earnings growth

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Northern Uranium

Northern Uranium

Northern Uranium (ASX: NTU) is an established Australian exploration company primarily focussed on Uranium and Rare Earth exploration and development in Western Australia and the Northern Territory.

The company holds a strategic land position in the Gardiner Tanami with 10,600sqm of land tenure.  
Geologically, the Gardiner-Tanami Project area compares favourably with both the Alligator Rivers region in the Northern Territory and the Athabasca Basin in Canada, the latter being host to the world’s highest-grade unconformity-related uranium deposits.

Friday, February 26, 2010

Northern Uranium to raise funds for exploration of Gardiner-Tanami Project

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Northern Uranium (ASX: NTU) has announced a renounceable rights issue to raise approximately $3.2 million.

The rights issue offers two new shares with two free attaching options for every five shares held at a price of 11 cents per share. The free attaching options will have an exercise price of 15 cents and term of two years.

The rights issue is fully underwritten by Patersons Securities Limited.

The funds raised will principally be used to fund exploration of the 100%-owned Gardiner-Tanami Project, including drilling to follow up last year’s discoveries of uranium mineralisation, and for working capital.

The Company also plans to follow up the discoveries of high value heavy rare earths mineralisation in the western Browns Range Dome area of the Gardiner-Tanami project.

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