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Magnetite Mines Raises $2.65M to Accelerate Razorback Iron Ore Project
9:31am on Friday 15th of August, 2025 AEST
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Mining
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Magnetite Mines Raises $2.65M to Accelerate Razorback Iron Ore Project
9:31am on Friday 15th of August, 2025 AEST
Key Points
Pro rata renounceable rights issue to raise up to $2.65 million
Offer includes one free attaching option per new share at $0.12 exercise price
Rights issue partially underwritten to $500,000 by Mahe Capital
Funds to support Razorback Project DFS, mining lease proposal, and strategic partnerships
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