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Magnum Mining and Exploration Limited ( (AU:MGU) ) just unveiled an announcement.
Magnum Mining and Exploration Limited has announced an agreement to acquire the Palmares and Azimuth Rare Earth Element Projects in Brazil, which is expected to enhance its position in the rare earth market. The company is also advancing discussions with investors for a Green Pig Iron Project in Saudi Arabia, reflecting its strategic focus on diversifying and expanding its project portfolio to boost growth and stakeholder value.
More about Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited operates in the mining and exploration industry, focusing primarily on the acquisition and development of mineral resource projects. The company is engaged in expanding its portfolio to include rare earth element projects in Brazil and is also in negotiations for a green pig iron project in Saudi Arabia.
YTD Price Performance: 10.0%
Average Trading Volume: 1,235,181
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.9M
See more insights into MGU stock on TipRanks’ Stock Analysis page.
