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Magnum Mining and Exploration Limited
(Sydney:MGU)
Magnum Mining and Exploration Limited (MGU) vs. iShares MSCI Australia ETF (EWA)
Magnum Mining and Exploration Limited Business Overview & Revenue Model
Magnum Mining and Exploration Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 114.28K | 5.78K | 186.49K | 29.00 | 2.15K |
| Gross Profit | 114.28K | 5.78K | 165.16K | 29.00 | 1.56K |
| EBITDA | -1.90M | -3.19M | -3.89M | -5.75M | -450.68K |
| Net Income | -1.98M | -3.31M | -4.89M | -8.24M | -718.64K |
Balance Sheet | |||||
| Total Assets | 10.75M | 12.55M | 12.57M | 10.38M | 2.65M |
| Cash, Cash Equivalents and Short-Term Investments | 405.26K | 2.64M | 5.01M | 4.42M | 368.00K |
| Total Debt | 0.00 | 287.05K | 751.53K | 0.00 | 163.19K |
| Total Liabilities | 910.00K | 868.98K | 1.25M | 596.30K | 363.79K |
| Stockholders Equity | 9.84M | 11.68M | 11.32M | 10.26M | 2.67M |
Cash Flow | |||||
| Free Cash Flow | -2.37M | -5.18M | -4.83M | -5.21M | -559.61K |
| Operating Cash Flow | -1.83M | -3.22M | -3.21M | -1.93M | -557.19K |
| Investing Cash Flow | -500.48K | -1.95M | -1.81M | -3.34M | -27.42K |
| Financing Cash Flow | 0.00 | 2.78M | 5.59M | 9.60M | 636.05K |
Magnum Mining and Exploration Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $47.33B | 8.00 | 20.21% | 6.50% | -11.33% | -32.11% | |
71 Outperform | $150.89B | 9.83 | 21.04% | 6.66% | -0.10% | 15.50% | |
67 Neutral | $185.58B | 10.73 | 26.20% | 4.33% | -2.47% | 57.01% | |
61 Neutral | AU$2.24B | 13.90 | 10.03% | 5.35% | -9.27% | -56.88% | |
55 Neutral | $4.24B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
44 Neutral | C$967.22M | -6.71 | -13.35% | 2.72% | 17.20% | -32.62% | |
33 Underperform | AU$15.70M | ― | -17.69% | ― | ― | 45.45% |
Magnum Mining and Exploration Limited Corporate Events
Magnum Mining & Exploration Limited has successfully completed the acquisition of Palmares Estudos Geologicos LTDA, a move that enhances its rare earth landholdings in Brazil. The acquisition process, which involved an extended due diligence period to ensure compliance with Brazilian regulations and stakeholder engagement, was finalized on April 21, 2025, marking a strategic expansion for Magnum in the rare earth sector.
Magnum Mining and Exploration Limited has announced the application for the quotation of 312,289,436 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective May 1, 2025. This move is expected to enhance the company’s capital structure and potentially improve its market position by increasing liquidity and attracting more investors.
Magnum Mining and Exploration Limited has announced its Annual General Meeting, which will be held virtually on May 30, 2025. The meeting will address several key agenda items, including the consideration of the company’s financial statements and reports for the year ending December 31, 2024, the adoption of the remuneration report, the election and re-election of directors Neil Goodman and Athan Lekkas, respectively, and the approval of a mandate to issue equity securities up to 10% of the company’s issued capital. These resolutions are crucial for the company’s governance and strategic direction, potentially impacting shareholder value and corporate operations.
Magnum Mining and Exploration Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $243.93k, primarily due to exploration, evaluation, and administrative costs. The company managed to raise $153.30k through equity securities, which partially offset the operational cash outflows, indicating a strategic move to bolster financial stability amidst ongoing exploration activities.
Magnum Mining & Exploration Limited has launched a non-renounceable entitlement offer to raise $1.9 million, which will be used to advance its Buena Vista and Palmares projects and for general working capital. The company has also signed an agreement with the Wickers Group of Sweden to jointly develop technologies for producing pulp, bio-chemicals, and green pig iron, and is negotiating with investors for a Green Pig Iron Project in Saudi Arabia. Additionally, all resolutions at the recent general meeting were passed, and the company has restructured executive roles to conserve cash reserves.
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.
Magnum Mining and Exploration Limited has updated its previous announcement regarding the proposed issue of securities, confirming revised key dates for the offer and trading commencement. The offer closing date is set for April 28, 2025, with trading in new securities starting on a deferred settlement basis from April 29, 2025. This update is crucial for stakeholders as it outlines the timeline for the securities issue and trading, potentially impacting the company’s financial strategy and market positioning.
Magnum Mining and Exploration Limited has announced an extension of its non-renounceable entitlement offer period by three weeks, now closing on April 28, 2025. This extension comes in response to shareholder requests for additional time to review the offer materials and assess the investment opportunity, potentially impacting shareholder participation and the company’s capital raising efforts.
Magnum Mining & Exploration Limited, a company listed on the Australian Securities Exchange, held a General Meeting where all resolutions proposed to shareholders were passed without amendment. This outcome reflects a strong consensus among shareholders, potentially reinforcing the company’s strategic direction and governance. The resolutions included approvals for share issuances and participation in offers, indicating ongoing efforts to manage equity and incentivize key stakeholders.
Magnum Mining & Exploration Limited has released its annual report for the year ending December 31, 2024. The report provides a comprehensive overview of the company’s financial performance, governance, and operational activities. This release is crucial for stakeholders as it outlines the company’s financial health and strategic direction, impacting its market positioning and future growth prospects.
Magnum Mining & Exploration Limited has released an amended Appendix 5B for the quarter ending 31 December 2024, updating the numbers and background information regarding its financing facilities. This amendment replaces the original document lodged on 30 January 2025. The release provides insights into the company’s financial activities, including cash flows from operating activities, which show significant expenditures on exploration, evaluation, and administrative costs, offset partially by government grants.
Magnum Mining & Exploration Limited has entered into a cooperation agreement with the Wickers Group of Sweden to jointly develop a new technology combination aimed at producing pulp, bio-chemicals, and green pig iron. This collaboration will leverage Wickers’ expertise in pulp and paper plant technologies and Magnum’s HIsmelt furnace technology to create a ‘BioCombine’ plant. The initiative is expected to enhance operational synergies by utilizing biochar as a reductant in the HIsmelt furnace and recycling excess steam from the furnace to power the pulp plant. This strategic partnership aims to attract investors and industry partners, potentially positioning Magnum as a leader in sustainable industrial solutions in Europe and North America.
Magnum Mining and Exploration Limited has announced an update regarding the proposed issue of securities, confirming revised key dates for the offer and trading processes. The offer closing date is set for March 24, 2025, with trading in new securities commencing on a deferred settlement basis on March 25, 2025. The announcement outlines the timeline for the issue date, trading start on a normal T+2 basis, and the first settlement date, which are crucial for stakeholders to align their investment strategies. These developments are significant for the company’s operational timeline and could impact its market positioning by potentially increasing liquidity and investor interest.
Magnum Mining and Exploration Limited has extended the closing date of its non-renounceable entitlement offer by two weeks to March 24, 2025, following requests from shareholders for additional time to review the offer. This extension allows eligible shareholders in Australia and New Zealand more time to evaluate the investment opportunity, potentially impacting the company’s capital raising efforts and market positioning.
Magnum Mining and Exploration Limited is holding a general meeting to discuss several key resolutions, including the approval to issue shares to various entities such as Beko Invest Ltd, StarGroup Limited, Interminico Services Limited, and The Market Link. Additionally, the meeting will confirm the appointment of Hall Chadwick (NSW) as the company’s auditor and approve future share issuances to raise capital. These resolutions are significant as they aim to secure funding and solidify the company’s financial and operational strategies, potentially impacting shareholder value and market positioning.
Magnum Mining and Exploration Limited has announced an update to its previous statement regarding the proposed issue of securities. The revised timeline includes key dates such as the offer closing on March 10, 2025, and the start of trading in new securities on March 11, 2025. This announcement may impact the company’s financial strategy and market positioning as it seeks to raise capital and enhance its operations.
Magnum Mining and Exploration Limited announced an update regarding the expiry date of its proposed MGU Options, which are exercisable at 1.2 cents. The expiry date has been extended to March 18, 2028, due to the extension of the closing date of their Entitlement Offer by two weeks, now set for March 10, 2025. This adjustment in timeline may influence the company’s market positioning by potentially increasing investor interest and providing more time for stakeholders to engage with the offer.
Magnum Mining and Exploration Limited has extended the closing date for its Entitlement Offer to March 10, 2025, in response to shareholder requests for more time to review the offer. This extension allows eligible shareholders in Australia and New Zealand additional time to evaluate the opportunity, indicating the company’s commitment to accommodating shareholder needs and potentially enhancing participation in its capital raising efforts.
Magnum Mining & Exploration Limited is responding to the new U.S. tariffs on steel and aluminum by reviewing its supply strategy to enhance local ore supply for the U.S. market. This involves exploring partnerships and technologies, such as the HIsmelt process, to strengthen supply chain resilience and optimize its position in the U.S. market. The company is also advancing its Buena Vista Iron Deposit, which has necessary permits for mining and processing, and is working on agreements to develop HIsmelt technology globally, indicating a proactive approach to navigating trade changes.
Magnum Mining and Exploration Limited has initiated a Non-Renounceable Entitlement Offer aimed at raising up to $1.94 million. This move is part of its strategy to strengthen its financial position and potentially expand its operations, reflecting its commitment to growth and enhancing shareholder value.
Magnum Mining and Exploration Limited has announced an update regarding the proposed issue of securities, confirming the expiry date for MGU Options as March 3, 2028. This update impacts the company’s operational planning by clarifying the timeline for exercising these options, potentially affecting investment decisions and market perceptions.