Articles On Magnum Mining and Exploration (ASX:MGU)

The ASX will extend its gains on Monday Wall Street rose despite some disappointing earnings from major banks Bitcoin back to pre-FTX level at US$20k   Aussie shares are set to extend its gains and rise for a fourth consecutive day. At 8a...

Magnum Mining and Exploration (MGU) defines an exploration target for the Buena Vista Green Pig iron project in Nevada, US The exploration target reads 407 to 540 million tonnes at 15 per cent to 22 per cent iron MGU identified and ca...

The ASX is expected to rise for the third straight day today US CPI softened again in December US stocks and bond prices rose after the CPI report   Aussie shares are set to rise for the third consecutive day. At 8am AEDT, the ASX 200 Jan...

Magnum Mining and Exploration (MGU) completes a bulk sampling program at its Buena Vista project in Nevada, USA The work is aimed at supporting further recovery testing to assist in optimising the process flow sheet The samples have...

Magnum Mining and Exploration (MGU) has been officially quoted on the OTC-QB market exchange The company will be trading under OTC-QB ticker code MGUFF Magnum told investors its shares will be traded in US dollars and traded during re...

Iron ore roared back to life yesterday on news China was starting to alter its Covid settings and provide credit support to property developers Prices surged to their highest level in a month, almost touching US$96/t in Singapore intra-day...

Magnum Mining and Exploration (MGU) completes an aeromagnetic survey at the Buena Vista green pig iron project in NevadaThe survey aimed to support mineralisation and structural mapping ahead of mine scheduling and mine planningNow that it...

Magnum Mining and Exploration (MGU) will acquire Appalachian Iron to access new pig iron-producing technologyAppalachian Iron has the right to enter into a formal license agreement for the use of the HIsmelt technologyMagnum plans to implem...

Diamond drilling hits massive sulphides, blebby sulphides and disseminated sulphides at Recharge Metals’ Brandy Hill South project Another good morning for Bubalus Resources, which listed yesterday with a bunch of early-stage manganese and...

Magnum Mining and Exploration (MGU) is acquiring Appalachian Iron through a share purchase agreement with CEO Neil Goodman Subject to shareholder approval, the company will issue 30 million performance shares to Mr Goodman, who is Appalachi...

It is hump day, which the ASX 200 benchmark celebrated with a series of increasingly erratic and – dare we say it, erotic – humps on its way to what looks like an unlikely 0.38% win. With another day in the bag, though, it’s time for an eve...

SPI Futures imply the ASX starts higher Wall St struggled overnight It could be PushPay takeover day Local shares are poised to open lower on Monday. Wall St, rattling along overnight, remains largely rattled and shook. The Nasdaq managed...

It’s the end of the day. Time to kick off the work shoes, throw on some slippers and puff purposefully on your bubble pipe by the fire as we unpack the best and worst of the ASX that you might have missed in all the excitement. For a full m...

Magnum Mining and Exploration (MGU) launches a high resolution, low altitude aeromagnetic survey over its Buena Vista green pig iron project in NevadaThe survey will be completed with a line spacing of 50 metres and a sensor height of 30 me...

Market for DR grade 65% plus iron ore could rise fivefold to 750Mtpa according to new research from Wood Mackenzie As much as US$1.4 trillion needs to be spent on new mines, renewable energy, steel mills, hydrogen and carbon capture to red...

Magnum Mining and Exploration (MGU) enters a trading halt pending an upcoming capital raising The company will remain in the halt until the earlier of Thursday, August 25, or when an announcement with further details is released On August...

Small cap index up 1.1%, stronger than benchmark, but both do good, run hard.   Wall Street snaps 3-day losing streak, China could be back in stimmy mode Uranium’s gone insanium   The ASX 200 is up 0.7% and the Emerging Companies (XEC) in...

Magnum Mining and Exploration (MGU) will sell its 74 per cent interest in the Gravelotte project in South Africa for up to $2 million The company will be paid $200,000 by URA Holdings for each 5 million carats of gemstones produced at the...

Andrew Forrest said he wouldn’t bet against the price of iron ore this week as he addressed media and analysts in a lap of honour for Fortescue Metals Group’s (ASX:FMG) transformative 2021. That was driven by record high iron ore prices thr...

The Magnum Mining and Exploration Ltd (ASX: MGU) share price is having a woeful time during late Friday afternoon trade. This follows the mineral mining company’s latest announcement in regards to its agreement with Anglo American. At the...

While COVID-19 continues to wreck havoc across NSW, the ASX remained in a state of zen on Wednesday, as local stocks eased to new record highs. The ASX 200 finished around 0.3% higher to close at 7,584, outpaced by the microcap Emerging Com...

While COVID-19 continues to wreck havoc across NSW, the ASX remained in a state of zen on Wednesday, as local stocks eased to new record highs. The ASX 200 finished around 0.3% higher to close at 7,584, outpaced by the microcap Emerging Com...

Iron ore falling off a cliff? Hold your horses, say the folks at Goldman Sachs and head of base metals and bulks research Nicholas Snowdon of “copper is the new oil” fame. Snowdon told delegates at last week’s Singapore Iron Ore Forum it wi...

The Magnum Mining and Exploration Ltd. (ASX: MGU) share price is having a day out today. This comes after the mineral mining company announced it is planning to complete a Definitive Feasibility Study (DFS). At the time of writing, Magnum...

The Magnum Mining and Exploration Ltd (ASX: MGU) share price closed the day in positive territory. This came after the mineral miner announced an agreement with global mining company, Anglo American. At the end of market trade, Magnum shar...

The ASX ended the week on a high note, finishing up 0.13 per cent with most sectors in positive territory. The index touched a record high of 7,334 today but failed to keep the momentum and eventually closed at 7,312. For the week, the inde...

The ASX had a positive trading day finishing nearly 0.5 per cent up with almost all sectors in positive territory. The ASX 200 closed at 7,303 – 0.44 per cent higher than yesterday while the ASX Emerging Companies Index rose over 1 per cent...

The Magnum Mining and Exploration Ltd. (ASX: MGU) share price is one of the better performers on the ASX today. This comes after the company announced a successful placement and released its corporate presentation. During early afternoon t...

The ASX 200 managed to hold on to its lunchtime gains today, finishing the day higher by 0.43 per cent. Health care and Information Tech were the best and worst performing sectors respectively. Geospatial tech company Nearmap (ASX:NEA) rose...

On a day the ASX finished nearly 0.5 per cent up, tech stood alone in the red losing more than 2 per cent. The ASX 200 closed 0.56 per cent up at 7,068 points and the ASX Emerging Companies Index rose 0.41 per cent closing at 2,111 points....

The capital raisings boom on the ASX is continuing in 2021 with nearly $10 billion raised in the first four months of the year. Across 325 deals, ASX companies have raised $9.878 billion in capital amidst IPOs, placements and rights issues....

The Magnum Mining and Exploration Ltd (ASX: MGU) share price is on the move in mid-afternoon trade. This comes after the company announced progress on becoming a ‘green’ steel producer. At the time of writing, the miner’s shares are tradin...

The Magnum Mining and Exploration Ltd. (ASX: MGU) share price is rocketing today, after news the company will have a green hydrogen plant built at its Nevada facility. It has also signed a new marketing agreement. At its intraday high, the...

Magnum Mining and Exploration Limited (ASX:MGU) has tapped the US green hydrogen market for its Nevada-based iron ore project. The company has signed a supply deal with AVF Energy Inc, which will build a green hydrogen plant on site at Magn...

Wall Street retreats from record levels All major US indices finally retreated from record levels set last week, as earnings season continues. The Dow Jones fell by 0.36%, S&P500 was down by 0.53%, while tech-heavy NASDAQ also slipped b...

Iron ore fines prices traded this week at $US157.10 per tonne, $US6.50 lower on a week ago Hard coking coal prices were $US2.40 lower on-week at $US106.25 per tonne at Queensland ports China’s steel reinforcing bar price is $US5 higher thi...

A quick wrap of the key winners and losers on Tuesday, May 19. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potential market-moving announcements during the day.   WINNERS: Code Company Price...

On Stockhead today, will cobalt prices surge after another big mine gets mothballed, the tech and pot stocks still surging after IPOs, and the infant formula maker that reckons it’s “ready to capitalise”. But first, here’s what you need to...

On Stockhead today, how to get kids to drink milk infused with fish oil, stocks investors are shorting right now, and the big Chinese gold producer on the hunt for WA projects. But first, here’s what you need to know.   The day ahead At hom...