News: FMG Magmatic Resources Says Fortescue To Farm-In On Myall & Make Cornerstone Investment

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    March 8 (Reuters) - Magmatic Resources (MAG) :

    • FORTESCUE TO FARM-IN ON MYALL & MAKE CORNERSTONE INVESTMENT
    • FARM-IN AND JOINT VENTURE AGREEMENT EXECUTED WITH FMG RESOURCES AT MYALL PROJECT
    • FORTESCUE TO SPEND UP TO A$14M OVER 6 YEARS TO EARN UP TO 75% JV INTEREST IN PROJECT
    • CO TO BE OPERATOR DURING INITIAL FARM-IN PERIOD OF UP TO FOUR YEARS
    • FORTESCUE WILL ALSO SUBSCRIBE FOR 75.9 MILLION SHARES IN MAGMATIC RESOURCES
    • PLACEMENT AT PRICE OF A$0.04884 PER SHARE WILL RAISE A$3.71M
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$18.33
Change
-0.070(0.38%)
Mkt cap ! $56.43B
Open High Low Value Volume
$18.23 $18.47 $18.10 $125.2M 6.834M

Buyers (Bids)

No. Vol. Price($)
1 269 $18.33
 

Sellers (Offers)

Price($) Vol. No.
$18.35 880 2
View Market Depth
Last trade - 16.18pm 03/09/2025 (20 minute delay) ?
FMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.