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Magnum Mining Extends Due Diligence on Brazil Rare Earths Acquisition to March

7:03pm on Monday 2nd of June, 2025 AEST Mining
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Magnum Mining Extends Due Diligence on Brazil Rare Earths Acquisition to March

7:03pm on Monday 2nd of June, 2025 AEST
Key Points
  • Due diligence period extended to March 31, 2025
  • Acquisition of 100% shares in Palmares Estudos Geologicos LTDA
  • Palmares holds 1,549 km² of rare earth exploration licences in Brazil
  • Capital raising planned to fund project development
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