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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
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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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