Magnum Mining and Exploration Limited (MGUFF) Financiero

Magnum Mining & Exploration Ltd. engages in the business of mineral exploration and evaluation. The firm is also developing the Appalachian Iron HIsmelt Green Pig Iron Project located in West Virginia, United States. The company owns 100% interest in Monomatapa Mining Services Inc, which holds the Parker and Mormon Canyon Projects. The project assets include two packages of prospective copper-gold properties situated in Arizona and Idaho, United States. The firm owns 100% interest in EV Resources Inc, which holds the La Cienega Gold Project situated in Arizona, United States. The company owns 100% interest in Palmares Estudos Geologicos LTDA, which owns a major portfolio of Rare Earth Element (REE) prospective mineral exploration licenses. Its Azimuth 125 and Palmares REE Projects are located across the states of Bahia, Minas Gerais and Goias states in south-central Brazil. Both projects cover 1,549 km2.