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How Magnetic Resources’ $32.9M Equity Boost Fuels Its Exploration Ambitions

9:56am on Tuesday 27th of January, 2026 AEDT Mining
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How Magnetic Resources’ $32.9M Equity Boost Fuels Its Exploration Ambitions

9:56am on Tuesday 27th of January, 2026 AEDT
Key Points
  • Net cash used in operating activities – $1.946 million
  • Net cash used in investing activities, $531,000
  • Raised $32.9 million through equity issuance
  • Cash and cash equivalents at quarter end – $35.4 million
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