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Magnetite Mines Limited ( (AU:MGT) ) just unveiled an update.
Magnetite Mines Limited has updated its previous announcement regarding a proposed issue of securities. The update includes amendments to the underwriting agreement, notably an increase in the underwriting commitment and the options fee to the underwriter, as outlined in the supplementary prospectus dated August 20, 2025. This development may enhance the company’s financial position and support its strategic initiatives in the mining sector.
More about Magnetite Mines Limited
Magnetite Mines Limited operates in the mining industry, focusing on the extraction and processing of magnetite iron ore. The company is involved in developing projects that aim to supply high-grade iron ore to the global market.
Average Trading Volume: 164,167
Technical Sentiment Signal: Sell
Current Market Cap: A$8.7M
For an in-depth examination of MGT stock, go to TipRanks’ Overview page.