First Growth Funds Limited: First Growth Funds Secures New Advisory Mandate
TORONTO, ON / ACCESSWIRE / December 9, 2020 / First Growth Funds Limited
(CSE: FGFL) "(Company") is pleased to announce it has secured an advisory mandate to act as lead manager for ASX listed mining company Magnum Mining and Exploration Limited (MGU). Magnum recently acquired the Buena Vista magnetite iron ore project located in Nevada, United States.
Buena Vista is a significant magnetite mineral resource with over $34 million spent on it over the past decade advancing the project to completed feasibility status in 2011 and 2013. The project has secured all major permits for the long term production of a high grade magnetite concentrate grading +67.5% Fe. Iron ore prices continued to rally and the project is well situated to existing rail, power and port facilities.