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Magnetic Resources Raises $35M, Extends Cash Runway Beyond 13 Quarters
8:26am on Monday 27th of October, 2025 AEDT
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Mining
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Magnetic Resources Raises $35M, Extends Cash Runway Beyond 13 Quarters
8:26am on Monday 27th of October, 2025 AEDT
Key Points
Raised $35 million through equity issuance
Operating cash outflow of $2.88 million for the quarter
Investing activities used $56,000, mainly on property and equipment
Financing outflows of $2.1 million, including transaction costs
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Magnetic Resources (ASX:MAU)
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