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Magnetite Mines Extends Convertible Notes Maturity by 12 Months

11:11am on Wednesday 12th of August, 2026 AEST Mining
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Magnetite Mines Extends Convertible Notes Maturity by 12 Months

11:11am on Wednesday 12th of August, 2026 AEST
Key Points
  • Convertible notes worth $2.714 million extended by 12 months
  • 16.7 million unquoted options to be issued subject to shareholder approval
  • Extension aimed at supporting Razorback project development and working capital
  • Company highlights reduced corporate overheads and strategic funding progress
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