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An announcement from Magnum Mining and Exploration Limited ( (AU:MGU) ) is now available.
Magnum Mining and Exploration Limited has applied to the ASX for quotation of 388,910,053 ordinary fully paid shares, with an issue date of 24 December 2025. The sizeable issuance, arising from previously flagged transactions, will expand the company’s quoted share base and may have implications for existing shareholders through increased liquidity and potential dilution, while signalling continued capital activity to support its mining and exploration plans.
More about Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited is an Australian-listed resources company focused on mining and mineral exploration activities. The company’s ordinary fully paid shares trade on the ASX under the code MGU, giving investors exposure to its exploration and development portfolio in the resources sector.
Average Trading Volume: 19,059,728
Technical Sentiment Signal: Sell
Current Market Cap: A$15.42M
For an in-depth examination of MGU stock, go to TipRanks’ Overview page.