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Magnetite Mines Raises $3.92M to Fast-Track Razorback and Rare Earths Exploration
9:26am on Tuesday 3rd of March, 2026 AEDT
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Mining
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Magnetite Mines Raises $3.92M to Fast-Track Razorback and Rare Earths Exploration
9:26am on Tuesday 3rd of March, 2026 AEDT
Key Points
1 for 2 renounceable rights issue at $0.04 per share with 1 free attaching option
Funds to accelerate exploration of rare earths, gold, silver, copper, and critical minerals
Advancement of Razorback Definitive Feasibility Study and Mining Lease Proposal
Rights issue partially underwritten to $0.8 million by Mahe Capital
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