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Magnetite Mines Secures $7M Funding Boost as Razorback Project Advances
9:03am on Thursday 30th of January, 2025 AEDT
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Mining
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Magnetite Mines Secures $7M Funding Boost as Razorback Project Advances
9:03am on Thursday 30th of January, 2025 AEDT
Key Points
Secured $7 million convertible note funding facility from C/M Capital Partners
Definitive Agreements with JFE Shoji Australia delayed to Q2 2025 for final due diligence
Mining Lease Proposal documentation completed, submission planned for mid-March 2025
Board streamlined to three directors with cost reductions implemented
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Magnetite Mines (ASX:MGT)
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