Magnum Mining & Exploration: Building a U.S. Focused Critical Minerals Powerhouse

Magnum Mining & Exploration Limited (ASX: MGU) is rapidly establishing itself as a key supplier of critical minerals essential to U.S. defence, clean energy, and industrial resilience. The company’s fully funded strategy is anchored by its 100%-owned Lovelock Processing Hub in Nevada, designed for modular, low-capex production of antimony and rare earth elements (REEs).

Leveraging potential eligibility under the U.S. FAST-41 permitting framework, Magnum aims to accelerate project approvals and commence early-stage production aligned with U.S. strategic mineral initiatives. Complementing its U.S. operations, Magnum’s **Brazilian REE projects—Palmares and Azimuth 125—**span over 1,500 km², with high-grade ionic clay mineralisation and strong leach test recoveries indicating near-term resource potential. Backed by a solid balance sheet, strategic acquisitions, and a highly experienced management team, Magnum is well-positioned to strengthen North America’s sovereign supply chain and capture the growing U.S. demand for rare earths and critical minerals.

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