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Magnetite Mines Limited ( (AU:MGT) ) has shared an announcement.
Magnetite Mines Limited has announced a change in the interest of its director, Paul White, who has acquired 221,300 fully paid ordinary shares issued in lieu of director fees for the period from July 1, 2025, to September 30, 2025. This acquisition reflects a strategic decision to compensate the director through equity, potentially aligning his interests more closely with those of the shareholders and indicating confidence in the company’s future prospects.
More about Magnetite Mines Limited
Magnetite Mines Limited is a company operating in the mining industry, primarily focused on the exploration and development of magnetite iron ore projects. The company is engaged in advancing its projects to supply high-grade iron ore products to the global steel industry.
Average Trading Volume: 734,877
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$12.08M
See more data about MGT stock on TipRanks’ Stock Analysis page.