Magnum Mining and Exploration Limited has announced a non‐renounceable entitlement issue, offering one new share for every share held at an issue price of AUD 0.002. This capital raising initiative is designed to secure approximately AUD 2.24 million, with the new shares potentially doubling the current share count from about 1.12 billion to roughly 2.24 billion. The timetable outlines key dates, including the prospectus lodgement on 3 June 2025, an ex-date on 6 June, a record date on 10 June, and a concluding trading date on 25 June. Investors are encouraged to review the personalized entitlement forms and payment instructions, with funds being accepted via Electronic Funds Transfer only. The funds raised will be allocated across several strategic initiatives. Approximately 33% will support exploration and development at the Palmares Projects in Brazil, while 11% each will be dedicated to the Buena Vista Projects and the US gold and copper projects. The remaining proceeds, roughly 41%, are slated for working capital, with a small portion earmarked to cover issuance expenses. Technically, assuming full subscription, the dilution for non-participating shareholders is expected to be near 50%, based on the current share base. The board recommends that shareholders take up their entire entitlement to mitigate dilution and maintain their voting power. From a financial perspective, the pro-forma balance sheet shows an increase in cash reserves from AUD 356,836 to over AUD 2.53 million, boosting overall net assets from nearly AUD 9.84 million to around AUD 12.01 million. The current share trading price stands at approximately AUD 0.007, although past price levels have ranged from AUD 0.004 to AUD 0.009. The increase in the number of shares and the infusion of working capital are expected to provide a stronger liquidity position to support both exploration and operational activities. Bullish sentiment is reflected in the board’s strong recommendation for shareholders to take up their entitlements, the strategic deployment of funds across multiple exploration projects, and the potential for improved working capital which could facilitate future growth. Conversely, bearish factors include the highly speculative nature of the shares, the heightened dilution risk for those not participating in the offer, and inherent operational risks typical of early-stage mining exploration companies. Investors should consider these dynamics, alongside the forward-looking uncertainties discussed in the prospectus, before making an investment decision.