Magnum Mining Advances U.S. Market Access Amid Breakthrough REE and High-Grade Gold-Copper Results

Magnum Moves to OTCID to Broaden U.S. Investor Base

Magnum Mining and Exploration Limited (ASX:MGU, OTC:MGUFF) is gearing up for a U.S. OTCID quotation under the symbol MGUFF, following the completion of its OTCIQ submissions and 12g3-2(b) certification. This strategic step aims to boost the company’s visibility and accessibility among U.S.-based investors, complementing its primary ASX listing. Managing Director Antonio Vitor highlighted the timing as opportune, linking it to recent exploration successes and an active pipeline of work across its Americas-focused portfolio.

Piracanjuba Emerges as a Significant REE Discovery in Brazil

At the heart of Magnum’s momentum is the Azimuth Rare Earth Element (REE) Project in Brazil, where the company has confirmed a true ionic adsorption clay (IAC) hosted REE discovery at the Piracanjuba Prospect. A systematic 10,000-metre auger drilling campaign of 810 holes is underway, designed to rapidly delineate an Exploration Target and deliver a maiden JORC Mineral Resource Estimate by November 2026. Early drilling results were compelling, with all holes intersecting REE mineralisation and exceptional desorption recoveries reaching up to 75% TREO and 94% MREO. The project spans a substantial 85 km² geophysical anomaly, suggesting lateral continuity of the mineralised zone. Magnum plans to release regular assay batches over the coming months, underscoring the potential scale of this greenfield discovery.

Parker Project Poised for a Major Gold-Copper Discovery in Arizona

Meanwhile, Magnum’s U.S. portfolio is anchored by the Parker Gold-Copper Project in western Arizona, situated within the prolific Walker Lane trend known for hosting multi-million-ounce gold and copper deposits. The project covers roughly 6.58 km² and includes key targets such as Eagle Nest, Red Breccia, and NSW Detachment. Recent rock-chip sampling returned standout grades, including up to 178 g/t gold and 18.35% copper, marking some of the highest assays recorded in the district. These results reinforce the potential for Parker to deliver the first modern gold-copper discovery in this previously underexplored mineralised corridor. The company is advancing drill permitting to test these targets in the near term.

Wet Mountain REE Project Offers Historical High-Grade Potential in Colorado

Adding to its rare earth exposure, Magnum holds the Wet Mountain REE Project in Colorado, a site historically investigated by the USGS for thorium and uranium. Surface sampling from the 1950s to 1980s reported high-grade total rare earth element (TREE) concentrations up to 7.99%, associated with carbonatite dykes. While these historic assays are promising, Magnum cautions that modern resampling and assay verification are necessary to confirm the grades and mineralisation continuity. This project situates Magnum within a strategic U.S. REE jurisdiction, complementing its broader Americas rare earth ambitions.

Strategic Alignment of OTCID Listing with Exploration Growth

The OTCID listing initiative aligns tightly with Magnum’s strategic focus on the Americas, spanning rare earths, gold, and copper. By improving U.S. investor accessibility, Magnum aims to tap into deeper capital pools and strategic partnerships that could underpin its next phase of growth. The company’s recent exploration results, especially at Piracanjuba and Parker, provide tangible milestones to support this engagement. Investors will be watching how the upcoming drilling results and resource estimates influence market perception and liquidity on both sides of the Pacific.