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Magnum Mining Advances Brazilian Rare Earths Acquisition Amid Saudi Project Talks

6:44pm on Sunday 1st of June, 2025 AEST Mining
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Magnum Mining Advances Brazilian Rare Earths Acquisition Amid Saudi Project Talks

6:44pm on Sunday 1st of June, 2025 AEST
Key Points
  • Agreement to acquire Palmares and Azimuth REE projects in Brazil
  • Technical due diligence completed on Palmares tenement with promising assay results
  • Conditional acquisition requires shareholder and regulatory approvals
  • Ongoing investor negotiations for Green Pig Iron Project in Saudi Arabia
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