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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 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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