Northern Minerals: Treasurer Amends July 2026 Interim Directions
Key points
- Federal Treasurer amends July 2026 Interim Directions
- Real International Resources Limited and Qogir Trading & Service Co., Limited prohibited from disposing shares
- Northern Minerals to comply with new directives
Full summary
Northern Minerals Ltd. has announced that the Federal Treasurer has amended the July 2026 Interim Directions. The amendment prohibits Real International Resources Limited and Qogir Trading & Service Co., Limited from disposing of their shares in Northern Minerals Ltd. unless the Treasurer is satisfied that the acquirer is not an associate of the relevant shareholder. This amendment aims to prevent circumvention of the May 2026 Disposal Orders, which required the divestment of shares by certain shareholders by 2 July 2026. Northern Minerals intends to comply with the new directives and has instructed its share registry to apply holding locks to the relevant shares pending notification from the Treasurer.
Guidance
Northern Minerals Ltd. will comply with the new Amendment Orders.
Outlook
Northern Minerals Ltd. welcomes the amended directions and intends to comply with them to ensure adherence to the Foreign Acquisitions and Takeovers Act 1975.
Summary generated by a large language model. Please interpret with care.