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Magnetite Mines Secures $7M Funding Boost as Razorback Project Advances

7:03pm on Monday 2nd of June, 2025 AEST Mining
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Magnetite Mines Secures $7M Funding Boost as Razorback Project Advances

7:03pm on Monday 2nd of June, 2025 AEST
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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