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Magnum Mining Launches $1.94M Entitlement Offer to Boost Rare Earths Exploration

5:37pm on Sunday 1st of June, 2025 AEST Mining
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Magnum Mining Launches $1.94M Entitlement Offer to Boost Rare Earths Exploration

5:37pm on Sunday 1st of June, 2025 AEST
Key Points
  • Entitlement offer of two shares for every five held at $0.006 per share
  • Up to $1.94 million to be raised with one free new option per share subscribed
  • Funds targeted for exploration of Palmares and Buena Vista projects and working capital
  • Lead manager Indian Ocean Securities to receive 20 million listed options as part of fees
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