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Magnum Mining Raises $7M to Build US Critical Minerals Hub and Boost Brazil REE Drilling

3:31pm on Monday 13th of October, 2025 AEDT Mining
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Magnum Mining Raises $7M to Build US Critical Minerals Hub and Boost Brazil REE Drilling

3:31pm on Monday 13th of October, 2025 AEDT
Key Points
  • Oversubscribed $7 million placement to fund Lovelock Processing Hub in Nevada
  • Focus on producing antimony and rare earth element concentrates for US markets
  • Systematic drilling programs underway at Brazilian rare earth projects Azimuth 125 and Palmares
  • Pursuit of expedited permitting under US FAST-41 program to accelerate production
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