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The latest update is out from Magnum Mining and Exploration Limited ( (AU:MGU) ).
Magnum Mining and Exploration Limited has confirmed that all resolutions put to shareholders at its 22 December 2025 general meeting were passed without amendment. The approvals cover the ratification of prior share placements, the issuance of further placement shares and options (including to joint lead managers and brokers), the granting of substantial director performance rights and options, and the adoption of an employee securities incentive plan, collectively reinforcing the company’s capital-raising activities and aligning management and staff incentives with shareholder interests.
More about Magnum Mining and Exploration Limited
Magnum Mining and Exploration Limited is an Australian-listed resources company focused on mineral exploration and mining, with its shares traded on the ASX under the code MGU and on the OTCQB market as MGUFF. The company operates within the mining and exploration sector, seeking to advance its portfolio of projects and attract capital through equity markets.
Average Trading Volume: 16,866,549
Technical Sentiment Signal: Sell
Current Market Cap: A$15.42M
See more insights into MGU stock on TipRanks’ Stock Analysis page.