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Magnum Mining Advances Brazil REE Projects and US Processing Hub with $7M Raise

8:46am on Thursday 30th of October, 2025 AEDT Mining
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Magnum Mining Advances Brazil REE Projects and US Processing Hub with $7M Raise

8:46am on Thursday 30th of October, 2025 AEDT
Key Points
  • Leach testing at Feirinha Prospect yields >1,100 ppm TREO, confirming magnet feedstock potential
  • Drilling preparations underway for 19 high-priority REE targets in Brazil’s Azimuth 125 and Palmares projects
  • Plans to establish Lovelock Processing Hub in Nevada for critical minerals processing
  • Oversubscribed $7 million placement to fund US critical minerals strategy
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