Magnum Mining and Exploration Limited ( (AU:MGU) ) has provided an announcement.
Magnum Mining and Exploration Limited has announced its entry into agreements to acquire two copper-gold projects in the USA, specifically the Parker Gold Project in Arizona and the Mormon Project in Idaho, through the acquisition of Monomatapa Mining Services and EV Resources Inc. These strategic acquisitions are expected to enhance Magnum’s portfolio in the mining sector, although no new securities will be issued, and the company’s capital structure remains unchanged. The transactions are subject to certain conditions, including due diligence and regulatory approvals, with a structured payment plan for the acquisitions.
More about Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with mining projects, including copper and gold, with a market focus on expanding its operations through strategic acquisitions.
Average Trading Volume: 533,643
Technical Sentiment Signal: Buy
Current Market Cap: A$4.86M
See more data about MGU stock on TipRanks’ Stock Analysis page.