Articles On Magnum Mining and Exploration (ASX:MGU)

Magnum Mining (MGU) and Midmetal join forces in an MOU to develop a magnetite mine and processing plant in Nevada at MGU’s Buena Vista project The partnership forms part of MGU’s strategy to establish HIsmelt facilities in the USA for gr...

Stockhead’s Top 10 at 10-ish, published at an appropriate time each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live (not frozen!) data. It’s a short, sharp update to help frame the trading day...

The ASX 200 has slipped just a touch in early trade and has been sitting around the 7140 mark. In the news so far, AGL Energy (AGL) is trading a little higher after announcing it’ll keep its Loy Yang coal power station in operation until...

Magnum Mining and Exploration (MGU) completes a technical feasibility refresh of its Buena Vista Iron project in Nevada The refresh is a fine-tuning of the project’s 2011 feasibility study and includes its recently announced scoping stud...

The ASX has plummeted more than 100 points in early afternoon trade with all the sectors in the red. IT took the biggest hit, down more than three per cent and followed closely by materials and financials. Xero and WiseTech dragged IT...

Magnum Mining and Exploration (MGU) is investigating existing stockpiles of ore on-site at its US Buena Vista project to potentially accelerate the path to production The company reports the stockpiles exist near where Magnum expects to...

The ASX200 is up more than 50 points in early afternoon trade, with all sectors except real estate showing gains. The Reserve Bank has released the minutes from its August meeting when it kept interest rates at 4.1 per cent. Minutes r...

Magnum Mining and Exploration (MGU) appoints New York City-based law firm Ellenoff Grossman and Schole LLP to handle its capital-raising activities in the USA At the beginning of August, the company announced its active pursuit of financ...

Magnum Mining & Exploration (ASX:MGU) has enlisted the services of New York-based law firm Ellenoff Grossman & Schole to facilitate its capital raising activities in the United States. Founded in 1992, Ellenoff Grossman & Schole...

Magnum Mining & Exploration (ASX:MGU) has suffered a bumpy start to the week, with its shares diving more than 30% following the release of a Scoping Study for its Buena Vista Iron Project in Nevada, US. Undertaken by MinRizon Projects,...

The ASX200 dipped more than expected in early trade, close to a per cent, let down by nearly all the sectors. Only communication and energy held up in the green. There was a new listing on the ASX today, and those who invested with L...

Magnum Mining and Exploration (MGU) completes a “positive” scoping study for its proposed Buena Vista iron project in Nevada, USA The study underscores the technical and economic viability of the project, with a focus on the mining and b...

Magnum Mining and Exploration (ASX:MGU) has begun optimising its mine planning at the Buena Vista Iron Project in Nevada to deliver ‘high-grade’ feed, decrease the payback period, and reduce risk. The $36.67 million market capitalisation co...

The ASX has seen a slight lift, up almost 0.2 per cent in early afternoon trade. Materials are leading the sectors up around half a per cent, good news for those attending Diggers & Dealers in Kalgoorlie. The sector is followed cl...

Magnum Mining and Exploration’s (MGU) executives are in the USA to discuss project financing and a potential US market listing They will also meet with Mitsubishi representatives while in the country The executives will swing past J...

Futures were up 0.40 per cent this morning ahead of the ASX session, implying the bourse will rise upwards. Some 80 per cent of the US S&P 500 have reported; all major US indexes made small gains apart from NASDAQ, but all movements...

Magnum Mining and Exploration (MGU) share price is up 100 per cent over the last month The company has minted an agreement with Mitsubishi for the potential offtake of ore from its Buena Vista project in Nevada, USA MGU also continue...

The ASX200 has climbed nearly 0.8 per cent after better-than-expected inflation data announced yesterday. Real estate, IT and consumer discretionary sectors all rose more than two per cent amid hopes interest rates will remain steady. Th...

Magnum Mining and Exploration (MGU) reports one outcrop sample grading at more than 65 per cent iron from its Buena Vista project in Nevada, USA A drillhole intercept hit iron at a grade in excess of 50 per cent The results come from...

Around 70% of the world’s steel is still made in coal-fired blast furnaces which pump out two tonnes of CO2 for every tonne of steel produced, accounting for ~7% of global greenhouse gas emissions. A sizeable number. Emissions from steel mu...

Magnum Mining and Exploration (ASX:MGU) has embarked on a technical feasibility refresh of its wholly owned Buena Vista Iron Project in Nevada, US.  The $24.45 million market capitalisation company reports the refresh is aimed at accelerati...

Magnum Mining and Exploration (MGU) announces a fresh review of its technical feasibility data underpinning the company’s flagship Buena Vista project in Nevada The company’s existing design for Buena Vista ultimately portrays a project...

The Australian share market has climbed almost one per cent at midday, led by the energy, real estate and materials sectors. In ASX news, Magnum Mining and Exploration (MGU) has appointed Chris Tanner as Project Manager for its Buena Vi...

Magnum Mining and Exploration (MGU) appoints Chris Tanner as Project Manager for its Buena Vista iron project in Nevada, USA Mr Tanner previously worked on the Buena Vista iron mine under Magnum’s predecessor, Nevada Iron The appointm...

Pig iron is emerging as a leading green iron raw material in the steelmaking industry, as more companies are looking for alternative ways to lower fossil fuel emissions. Australian company Magnum Mining and Exploration (MGU) is gearing u...

Magnum Mining and Exploration (MGU) appoints EAS advisors as its corporate strategists for its Buena Vista iron project in Nevada EAS will assist MGU with US investor outreach, including discussions with US banks and debt institutions, a...

Magnum Mining (MGU) wraps up extensive outcrop sampling of massive magnetite outcrops at its flagship Buena Vista iron project in Nevada, USA The company collected 32 channel samples of iron ore, which underwent pXRF assaying to determin...

The ASX is tracking higher following the signing of the US debt ceiling deal. The Senate passed the bill, averting a catastrophic default, which was subsequently signed into law by President Joe Biden. Back on home soil, the sectors a...

The ASX is tipped to open higher on the first day of the new working week after a debt ceiling agreement was reached and subsequently inked into law by US President Biden. With the economic crisis averted, the focus for this week is on A...

The ASX 200 closed the day tra­ding marginally lower, down 3.4 points. The financial sector wrapped up Tuesday nearly one per cent higher, with real estate hot on its heels. In the green Westar Resources (WSR) shot up 54 per cent...

The ASX opened slightly higher this morning as US President Joe Biden hosted high-level talks to prevent the United States from defaulting on its debts. Tech and financials gained nearly 1 per cent, while consumer stocks and materials sl...

Magnum Mining and Exploration (MGU) completes a reverse circulation drilling program at its flagship Buena Vista project in Nevada, USA Drilling targeted mapped outcropping massive magnetite occurrences, where previous sampling returned...

Futures indicate the ASX will open higher today despite the US debt ceiling talks continuing to weigh on the minds of investors. US President Biden was due to hold talks after Wall Street closed in a bid to stop the nation from defaultin...

S&P/ASX 200 closes up 0.40%, while the emerging companies index rises 0.43% Algerian mining regulator issues a mining permit for Terramin’s Tala Hamza zinc-lead project Retail component of Next DC’s entitlement offer opens and is expec...

Magnum Mining and Exploration (MGU) enters into an agreement with Shandong Molong Petroleum Machinery (Molong) and Shandong Province Metallurgical Engineering (SDM) for a conditional license to build a HIsmelt pig iron plant The licence...

Magnum Mining and Exploration (ASX:MGU) subsidiary Magnum Green Steel USA is collaborating with the West Virginia Department of Economic Development on the Appalachian Iron Project. The company reports the project has been submitted by the...

The Wage Price Index (WPI) has lifted to its highest level in more than ten years. That’s according to the latest data from the Australian Bureau of Statistics (ABS). The index increased point-eight per cent in the March quarter of 2023,...

Magnum Mining and Exploration (MGU) welcomes backing from US Senator Joe Manchin in requesting appropriation for its Appalachian iron project The company announced its subsidiary, Magnum Green Steel USA, is working in cooperation with th...

An afternoon rally has put some lead back in the market’s pencil, closing down 0.08%. Tech stocks and Small Ordinaries drive the wins, with InfoTech up 1.5% for the day. Lithium’s back on the menu, with three big names making some chunky,...

Electric car-making giant Tesla has been crowned the most-searched-for stock globally, according to the latest study from City Index. Listed on the NASDAQ, Tesla topped the list with 3,569,400 monthly searches globally – 1.5 million more...

Trading platform City Index has released its list of the most-traded stocks worldwide. Taking out the top spot was Tesla, which averaged 3.5 million monthly searches globally – that’s over 1.5 million more than the runner-up, BP. When...

‘More of the same’ since lunchtime saw the benchmark land at -0.25% for the day Health Care coughed up a 1.09% lift while Financials weighed heavily on -0.71% Magnum Mining wins the Small Caps trophy with +44.1% thanks to Mitsubishi deal...

ShareCafeASX falls 0.12% as financial sector suffers by Peter Milios   The S&P/ASX 200 fell 0.12 per cent to 7255.7 on Wednesday, weighed down by losses across the financials sector. National Australia Bank (ASX:NAB) dropped 4 per cent...

Magnum Mining and Exploration (ASX:MGU) has entered into a Memorandum of Understanding (MoU) with Mitsubishi Corporation (TYO:8058) for the offtake of product from its Buena Vista Green Project in Nevada, US. The company reports the MoU cov...

Magnum Mining and Exploration (MGU) signs a memorandum of understanding (MOU) with Mitsubishi for the offtake of products from MGU’s Buena Vista green iron project in Nevada The deal includes direct shipping ore (DSO), iron concentrate,...

10 May 2023 - A snapshot of the stocks on the move featuring Ioneer (ASX:INR), Magnum Mining & Exploration (ASX:MGU), Asra Minerals (ASX:ASR) and Evergreen Lithium (ASX:EG1).

ShareCafeASX drops 0.22% at noon after last night’s budget by Peter Milios   The Albanase government announced the budget last night. The winners in the federal budget include low-income earners, JobSeeker recipients, small businesses, rent...

ShareCafeStocks of the Hour: INR, MGU, ASR, EG1                    Ioneer (ASX:INR) has entered an offtake agreement to supply lithium carbonate to Dragonfly Energy. Bernard Rowe, MD and CEO at Ioneer, commented, “As the world’s deman...

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Today marked the penultimate day of March quarterly reports, and it appears to have pushed the materials sector up by half a per cent. Golden State Mining (GSM) was one of the many companies to release its results, and the market reacted...