Latest Magnum Mining And Exploration (Asx:Mgu) News

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Magnum Mining & Exploration Limited has appointed Leslie Pereira as a Non-Executive Director while Neil Goodman steps down from the board, marking a strategic shift aimed at enhancing shareholder value and project development.
Maxwell Dee
Maxwell Dee
4 Sept 2025
Magnum Mining & Exploration Limited is intensifying its US asset review, spotlighting promising rare earth elements and critical minerals prospects at its Parker Gold and Buena Vista Iron projects amid shifting geopolitical priorities.
Maxwell Dee
Maxwell Dee
2 Sept 2025
Magnum Mining & Exploration has initiated leach testing on high-grade samples from its Palmares Rare Earth Element Project in Brazil, aiming to validate recovery rates ahead of planned drilling. Results expected by September will guide the next phase of exploration across its extensive REE portfolio.
Maxwell Dee
Maxwell Dee
29 Aug 2025
Magnum Mining & Exploration has completed key acquisitions of copper-gold projects in the USA and a rare earths package in Brazil, while raising $0.5 million through a recent entitlement offer to fund exploration and development.
Maxwell Dee
Maxwell Dee
18 July 2025
Magnum Mining & Exploration Limited has successfully closed its recent capital raising, securing nearly $2.4 million through a combination of entitlement offer shortfall placement and an additional share placement.
Maxwell Dee
Maxwell Dee
2 July 2025
Magnum Mining & Exploration has successfully raised nearly half a million dollars through a non-renounceable entitlement offer, with a substantial shortfall offer now available to investors.
Maxwell Dee
Maxwell Dee
26 June 2025
Magnum Mining and Exploration Limited reminds eligible shareholders that its non-renounceable entitlement offer closes on 24 June 2025, aiming to raise over $2.2 million to support its strategic growth plans.
Maxwell Dee
Maxwell Dee
23 June 2025
Magnum Mining and Exploration Limited has announced a pro-rata entitlement offer to raise up to $2.24 million, aiming to fund key exploration projects across Brazil, the US, and Nevada. The offer carries significant dilution risks for non-participating shareholders and underscores ongoing operational uncertainties.
Maxwell Dee
Maxwell Dee
3 June 2025
Magnum Mining and Exploration has initiated a $2.2 million entitlement offer at a significant discount, aiming to strengthen its capital base and fund key projects in Australia and the US.
Maxwell Dee
Maxwell Dee
3 June 2025
ASX has suspended trading of Magnum Mining’s MGUN securities following the abrupt cancellation of its entitlement offer, raising questions about the company’s capital strategy.
Maxwell Dee
Maxwell Dee
28 May 2025
Magnum Mining’s recent entitlement offer attracted only 22% subscription, failing a key regulatory condition and rendering the offer void. The company now faces the challenge of securing alternative financing to maintain its strategic momentum.
Maxwell Dee
Maxwell Dee
28 May 2025
Magnum Mining and Exploration Limited has extended the closing date of its non-renounceable entitlement offer by two weeks, giving shareholders more time to consider the capital raising opportunity.
Maxwell Dee
Maxwell Dee
7 May 2025