Northern Minerals Limited (NOURF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
Market cap $153M is the value of all shares combined. Beta 0.11: the stock has moved about 89% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerNorthern Minerals Limited (NOURF) trades at $0.016. Northern Minerals Limited is an Australian company focused on the exploration and evaluation of rare earth elements, particularly dysprosium. Market cap: $153M, Sector: Basic materials.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for NOURF: NOURF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NOURF against Basic Materials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 15 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
NOURF: 2/2 scored disciplines lean bearish. Dominant signal: Seth Klarman bearish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Northern Minerals Limited (NOURF) Materials & Commodity Exposure
Northern Minerals Limited, based in Australia, is focused on exploring and evaluating rare earth element mineral interests, with a primary focus on dysprosium. Their Browns Range Pilot Plant project represents a key asset in a market driven by increasing demand for heavy rare earths used in various high-tech applications.
What Is the Investment Thesis for NOURF?
Northern Minerals Limited presents a speculative investment opportunity within the rare earth sector. The primary value driver is the successful development and operation of the Browns Range Pilot Plant project, which aims to produce dysprosium. The company's focus on heavy rare earths, particularly dysprosium, aligns with the growing demand for these materials in the electric vehicle and renewable energy sectors. However, the company's negative P/E ratio of -8.23 and a substantial negative profit margin of -1896.0% highlight the financial risks associated with the company. Successful scaling of production and achieving profitability are critical for realizing the company's potential. Upcoming exploration results and production milestones from the Browns Range project will be key catalysts to watch. A beta of 0.11 indicates low volatility relative to the overall market.
Based on FMP financials and quantitative analysis
NOURF Key Highlights
100% ownership of the Browns Range Pilot Plant project, a key asset for dysprosium production.
- Focus on dysprosium, a critical heavy rare earth element used in permanent magnets for electric vehicles and wind turbines.
- Gross margin of 76.9% indicates potential for profitability once production scales up.
- Market capitalization of $153M reflects the company's current valuation in the market.
- Negative P/E ratio of -8.23 and Profit Margin of -1896.0% highlight the company's current lack of profitability.
Who Are NOURF's Competitors?
NOURF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ARRNF American Rare Earths Limited | $0.26 | -2.85% | $152M | — |
| CRZNF Corazon Mining Ltd | $0.17 | 0.00% | $10.7M | — |
| CXOXF Core Lithium Ltd | $0.25 | -2.72% | $809M | — |
| JMXXF Jupiter Mines Limited | $0.16 | 0.00% | $324M | — |
| GRO Brazil Potash Corp. | $2.43 | +0.41% | $149M | 445-pillar |
| IONR ioneer Ltd explores and | $2.85 | -1.89% | $179M | 505-pillar |
| FURY Fury Gold Mines Limited | $0.59 | -2.79% | $113M | 475-pillar |
| USGO U.S. GoldMining Inc. | $8.26 | -2.36% | $110M | 445-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NOURF's Key Strengths?
Focus on dysprosium, a high-value rare earth element.
- 100% ownership of the Browns Range Pilot Plant project.
- Location in a stable mining jurisdiction (Australia).
- Experienced management team with expertise in rare earth exploration.
What Are NOURF's Weaknesses?
Negative profitability and high operating costs.
- Reliance on a single project (Browns Range).
- Exposure to commodity price volatility.
- Limited financial resources compared to larger competitors.
What Could Drive NOURF Stock Higher?
NOURF catalyst: Exploration results from the Browns Range project could reveal new dysprosium deposits and increase the company's resource base.
- Production milestones at the Browns Range Pilot Plant will demonstrate the company's ability to extract and process dysprosium efficiently.
- Securing strategic partnerships and offtake agreements can provide revenue visibility and financial stability.
- Government policies supporting domestic rare earth production could provide financial incentives and regulatory support.
- Increasing demand for dysprosium in electric vehicles and renewable energy applications will drive market growth.
What Are the Key Risks for NOURF?
Financial-distress signal — its Altman Z-Score of -0.24 sits in the distress zone (elevated bankruptcy risk).
- Fluctuations in dysprosium prices could impact the company's profitability.
- Competition from established rare earth producers could limit market share.
- Environmental regulations and permitting challenges could delay project development.
- Geopolitical risks affecting rare earth supply chains could disrupt operations.
- The company's negative profitability and high operating costs pose a significant financial risk.
What Are the Growth Opportunities for NOURF?
- Expansion of the Browns Range Project: Northern Minerals has the opportunity to expand its production capacity at the Browns Range project. Further exploration and resource definition could lead to increased dysprosium output, allowing the company to capture a larger share of the growing market for heavy rare earths. This expansion could involve additional processing facilities and infrastructure development over the next 3-5 years.
- Strategic Partnerships and Offtake Agreements: Securing strategic partnerships with downstream manufacturers and establishing long-term offtake agreements can provide Northern Minerals with revenue visibility and financial stability. These partnerships could involve supplying dysprosium to electric vehicle manufacturers or wind turbine producers, ensuring a consistent demand for the company's products. Such agreements could be finalized within the next 1-2 years.
- Technological Innovation in Processing: Investing in innovative processing technologies can improve the efficiency and reduce the environmental impact of dysprosium extraction. This could involve developing new leaching methods or refining techniques that minimize waste and energy consumption. Implementing these technologies could enhance the company's competitiveness and sustainability profile over the next 2-3 years.
- Diversification into Other Rare Earths: While dysprosium is the primary focus, Northern Minerals could explore opportunities to diversify its product portfolio by developing other rare earth deposits within its existing tenements. This could involve exploring for other heavy rare earths or light rare earths, providing the company with a broader range of products to offer to the market. Diversification efforts could begin within the next 3-4 years.
- Government Support and Funding: Leveraging government support and accessing funding opportunities can provide Northern Minerals with the capital needed to accelerate its development plans. Governments in various countries are increasingly focused on securing domestic supplies of critical minerals, including rare earths. Accessing grants, loans, or other forms of financial assistance could significantly boost the company's growth prospects. This is an ongoing opportunity.
What Are NOURF's Competitive Advantages?
- Strategic focus on dysprosium, a critical heavy rare earth element.
- Ownership of the Browns Range Pilot Plant project.
- Geographic location in Australia, a stable mining jurisdiction.
- Expertise in rare earth exploration and processing.
What Does NOURF Do?
Northern Minerals Limited, established in 2006 and based in West Perth, Australia, is a rare earth exploration company. Originally named Northern Uranium Limited, the company shifted its focus to rare earth elements in February 2011. The company's core business revolves around identifying and developing deposits of heavy rare earths, with a particular emphasis on dysprosium. Dysprosium is a crucial component in permanent magnets used in electric vehicles, wind turbines, and other high-tech applications. The company's flagship project is the Browns Range Pilot Plant project, which is 100% owned and located southeast of Halls Creek in northern Western Australia. This project represents a significant investment in the development of a dysprosium production facility. Northern Minerals aims to become a globally significant producer of dysprosium, catering to the increasing demand from various industries. The company is currently focused on optimizing its production processes and expanding its resource base within the Browns Range area.
What Products and Services Does NOURF Offer?
- Explores for rare earth element mineral interests in Australia.
- Focuses on the extraction of dysprosium and other heavy rare earths.
- Operates the Browns Range Pilot Plant project in Western Australia.
- Aims to become a significant producer of dysprosium for global markets.
- Conducts resource definition and exploration activities to expand its mineral reserves.
- Develops processing techniques for the efficient extraction of rare earth elements.
How Does NOURF Make Money?
- Exploration and evaluation of rare earth deposits.
- Extraction and processing of dysprosium and other heavy rare earths.
- Sales of processed rare earth elements to manufacturers.
- Development and operation of mining and processing facilities.
What Industry Does NOURF Operate In?
Northern Minerals operates within the rare earth elements (REE) industry, a sector characterized by increasing strategic importance due to the critical role of REEs in various high-tech applications. The global REE market is projected to grow significantly, driven by demand from electric vehicles, renewable energy, and defense industries. Competition includes both established REE producers and other exploration companies. Northern Minerals' focus on dysprosium positions it to capitalize on the specific demand for heavy REEs, which are less abundant than light REEs.
Who Are NOURF's Key Customers?
- Manufacturers of permanent magnets.
- Electric vehicle manufacturers.
- Wind turbine producers.
- Other industries requiring rare earth elements.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 255 days ago
- ● No analyst coverage
- ● Reported in AUD, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 20 snapshots
| 2026-08-23 | 43 |
| 2026-08-27 | 43 |
| 2026-08-31 | 43 |
| 2026-09-04 | 43 |
| 2026-09-08 | 43 |
| 2026-09-11 | 43 |
What changed?
The score has stayed at 43.
Over the same 19 days the stock moved -10.1%.
Financial Health
Northern Minerals Limited's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -0.24 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on assets is -53.2%, showing how much profit it generates from its asset base. Its free cash flow yield is -12.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 11.98 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -12.0%, the inverse of the P/E and a quick read on earnings relative to price.
Northern Minerals Limited (NOURF) Valuation Context
Valued at $153M, NOURF is classified as a micro-cap stock.
NOURF Revenue & Earnings Trend
In Q2 FY2026, NOURF generated $0 in top-line revenue, marking a sequential decrease of 100.0%. The company recorded a net loss of $11.5M, with diluted EPS of $-0.00. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Basic Materials. Across the four most recent quarters, NOURF averaged $-0.00 in diluted EPS.
Company Profile
Northern Minerals Limited operates in the Industrial Materials industry within the Basic Materials sector. It is headquartered in West Perth, AU. The company is led by CEO Shane Anthony Hartwig. NOURF has traded publicly since 2012.
NOURF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Focus on dysprosium, a high-value rare earth element.
- 100% ownership of the Browns Range Pilot Plant project.
- Location in a stable mining jurisdiction (Australia).
- Experienced management team with expertise in rare earth exploration.
Bear Case
- Negative profitability and high operating costs.
- Reliance on a single project (Browns Range).
- Exposure to commodity price volatility.
- Limited financial resources compared to larger competitors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $0 | -$11M | -$0.0013 |
| Q4 FY2025 | $1M | -$9M | -$0.0011 |
| Q2 FY2025 | $740.93 | -$11M | -$0.0016 |
| Q4 FY2024 | $3M | -$12M | -$0.0021 |
Q2 FY2026 · filed 31 Dec 2025 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from AUD at today's rate
NOURF Latest News
No recent news available for NOURF.
NOURF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for NOURF.
Price Targets
Wall Street price target analysis for NOURF.
NOURF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for NOURF; grades run from A+ (80-100) to F (below 30).
Leadership: Shane Anthony Hartwig
Managing Director and CEO
Shane Anthony Hartwig serves as the Managing Director and CEO of Northern Minerals Limited, overseeing the company's strategic direction and operations. His background includes extensive experience in the mining and resources sector, with a focus on project development and resource management. Prior to joining Northern Minerals, Hartwig held leadership positions in various mining companies, contributing to the successful development of mining projects in Australia and internationally. He has a strong understanding of the rare earth industry and the challenges and opportunities associated with developing rare earth projects.
Track Record: Under Shane Anthony Hartwig's leadership, Northern Minerals has focused on advancing the Browns Range project towards commercial production. Key milestones include the completion of the Browns Range Pilot Plant and ongoing efforts to optimize production processes. Hartwig has also been instrumental in securing funding and partnerships to support the company's growth initiatives. He manages 36 employees.
NOURF OTC Market Information
The OTC Other tier, where Northern Minerals Limited trades, represents the lowest tier of the OTC market. Companies in this tier often have limited or no financial disclosure, making it difficult for investors to assess their financial health and operational performance. Unlike companies listed on major exchanges like the NYSE or NASDAQ, OTC Other companies do not have to meet minimum listing standards related to financial performance, corporate governance, or share price. This lack of regulation increases the risk for investors.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in NOURF.
- Low trading volume and liquidity can lead to price volatility.
- Lack of regulatory oversight on the OTC Other tier.
- Potential for fraud or manipulation in the OTC market.
- Higher risk of delisting or trading suspension.
- Verify the company's registration and legal status.
- Obtain and review any available financial statements.
- Assess the company's management team and their experience.
- Research the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC stocks.
- Consult with a qualified financial advisor.
- Check for any regulatory actions or legal proceedings against the company.
- Company has been in operation since 2006.
- Focus on a specific industry (rare earth elements).
- Ownership of the Browns Range Pilot Plant project.
- Presence of a CEO and management team.
- Company has a history of public announcements and press releases.
NOURF Basic Materials Stock FAQ
Is NOURF a good stock?
Stock Expert AI does not rate NOURF buy, sell or hold. Northern Minerals Limited has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What are the main risks for NOURF?
Investing in Northern Minerals Limited carries several risks. The company's negative profitability and high operating costs pose a significant financial risk. Competition from established rare earth producers could limit market share.
What are the key factors to evaluate for NOURF?
Evaluate NOURF on fundamentals, analyst consensus, and risk factors. The primary value driver is the successful development and operation of the Browns Range Pilot Plant project, which aims to produce dysprosium. Not financial advice.
How frequently does NOURF data refresh on this page?
NOURF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals follow quarterly filings. V2 calculations are scheduled daily at 10:15 UTC; the score's own date shows its last successful run.
What has driven NOURF's recent stock price performance?
Northern Minerals Limited (NOURF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Focus on dysprosium, a high-value rare earth element. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NOURF overvalued or undervalued right now?
Northern Minerals Limited (NOURF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of NOURF?
Yes, most major brokerages offer fractional shares of Northern Minerals Limited (NOURF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track NOURF's earnings and financial reports?
Northern Minerals Limited (NOURF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for NOURF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- OTC market data may be limited or unreliable.