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Magmatic Resources Ltd. ( (AU:MAG) ) just unveiled an announcement.
Magmatic Resources Ltd. has announced a proposed issue of 6,000,000 unlisted options, which will expire in two years and are exercisable at 200% of the 30-day VWAP on the date of issue. This strategic move is aimed at raising capital to support the company’s exploration and development activities, potentially strengthening its position in the mining industry and offering growth opportunities for stakeholders.
More about Magmatic Resources Ltd.
Magmatic Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the discovery and development of gold and copper deposits, with a market focus on expanding its resource base and enhancing shareholder value through strategic exploration initiatives.
Average Trading Volume: 548,177
Technical Sentiment Signal: Buy
Current Market Cap: A$33.53M
For detailed information about MAG stock, go to TipRanks’ Stock Analysis page.