Magnum Mining and Exploration Limited announced a non-renounceable entitlement offer designed to raise approximately $2.24 million by issuing up to 1,121,650,839 fully paid ordinary shares at a price of $0.002 per share. Held at a significant discount to the last traded price, the offer is intended to reward long-term shareholders while strengthening the company’s capital base as it advances exploration and development initiatives, including the promising Palmares Project and projects in the United States. The offer is available to eligible shareholders based in Australia and New Zealand who hold shares on the record date of Tuesday, 10 June 2025. The entitlement provides one fully paid share for every share held, and it includes a shortfall facility that allows shareholders who have taken up their full allocation to apply for additional shares. This facility could also be extended to third parties at the discretion of the directors, with the overall process spanning up to three months post-closure. The timeline for the offering is clearly defined: a prospectus was lodged with the relevant authorities on 3 June 2025, with key dates including an ex-date on 6 June 2025, the record date on 10 June 2025, and the closing date on 24 June 2025. Following the closure, shares will be quoted on a deferred settlement basis from 25 June 2025, with final confirmation and quotation by early July. Meanwhile, Computershare is managing refunds for the previous entitlement offer that did not reach its minimum subscription requirement, with refunds expected to be completed by 6 June 2025. On the bullish side, the capital raise is a positive signal as it provides the necessary funds to support further exploration and project development activities, potentially driving future growth. The discounted share price may also generate increased investor interest and participation, benefiting long-term shareholders. Conversely, some may view the offer’s steep discount and potential dilution from the additional shares as a bearish aspect, especially considering the previous entitlement offer’s undersubscription, which may raise concerns about current market sentiment. Overall, the initiative represents a strategic move by Magnum Mining and Exploration Limited to secure needed funds while aligning shareholder interests with future project successes.