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First Growth Funds Limited: First Growth Funds Portfolio Company Magnum Mining to Host an Event
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First Growth Funds Portfolio Company Magnum Mining to Host an Event
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Magnum Mining and Exploration (ASX:MGU) fast tracks iron ore shipments
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Magnum Mining and Exploration (MGU) is rapidly progressing work at its Buena Vista Project in Nevada to bring forward export shipments of iron ore
Managing Director Dano Chan will relocate to the U.S. state this week to oversee development
Meanwhile, Magnum has confirmed the opening of its Salt Lake City office, which it expects to be operational by the end of the month
The company is negotiating the purchase and offtake of its iron ore with several tier-one steel mills and conglomerate commodity buyers
First Growth Funds Limited: First Growth Funds Makes $4M Gain From Magnum Mining
TORONTO, ON / ACCESSWIRE / April 23, 2021 / First Growth Funds Limited
(CSE:FGFL) (Company ) is to provide an update on its investment portfolio and advisory business activities. In the first quarter 2021, Company invested
$1.06M in ASX listed Magnum Mining and Exploration Limited and the investment is now valued at
$5.08M, a gain of over
$4M.
Magnum Mining and Exploration is a mining company with operations in Nevada, USA. Magnum has secured major permits for the long-term production of
232 million tons of high-grade magnetite concentrate grading
+67.5% Fe. The project is well situated to existing rail, power and port facilities.
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