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The latest announcement is out from Magnum Mining and Exploration Limited ( (AU:MGU) ).
Magnum Mining and Exploration has completed the acquisition of Wyoming Critical Minerals Inc., securing full ownership of the high-grade Wet Mountain Rare Earth Element Project in central Colorado. The project, which features historically reported high-grade surface assays and extensive untested potential with no prior drilling or systematic sampling, strengthens Magnum’s U.S. critical minerals focus and adds another high-quality REE asset to its portfolio. Magnum plans to rapidly initiate a systematic exploration program, including sampling, trenching and geophysics once weather allows, aiming to define drill targets and unlock near-surface discovery potential while advancing this project in parallel with its existing REE and precious/base metal assets.
The most recent analyst rating on (AU:MGU) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Magnum Mining and Exploration Limited stock, see the AU:MGU Stock Forecast page.
More about Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited is an Australian-listed resources company focused on critical minerals and precious/base metals, with a growing portfolio of high-grade rare earth element (REE) projects and gold-copper-silver assets. The company’s strategy centres on securing and advancing prospective, high-grade critical mineral projects in strategic jurisdictions, particularly within the United States, while continuing exploration at its existing REE projects Palmares and Azimuth and its Walker Trend gold-copper-silver holdings.
Technical Sentiment Signal: Sell
Current Market Cap: A$19.16M
Learn more about MGU stock on TipRanks’ Stock Analysis page.