Welcome to our dedicated page for Magellan Copper and Gold news (Ticker: MAGE), a resource for investors and traders seeking the latest updates and insights on Magellan Copper and Gold stock.
Magellan Copper and Gold reports news tied to its precious-metals exploration and development activities in the Western United States. Company updates have covered the Center Star Gold Mine project in Idaho, acquired Idaho exploration properties, and joint venture or participatory agreements involving projects such as the Kris Project in California and the historic Atlantic Cable Gold Mine in Montana.
Recurring coverage also includes material agreements, capital-structure matters, board and officer changes, operating updates, and corporate-status developments for the OTC-traded mining issuer formerly known as Magellan Gold Corporation.
Magellan Copper and Gold (OTC: MAGE) announced that its wholly owned subsidiary, Magellan Energy Corp, has entered into a Letter of Intent (LOI) to acquire Ramm Power Group, a company formed in 2018 to develop pumped storage facilities for solar, wind, nuclear and other power sources.
Upon closing of the acquisition, the combined companies plan to pursue brownfield development opportunities in energy production and storage. Management from both Magellan and Ramm highlight Ramm’s project advancement work and its focus on grid-related power storage issues. Magellan reiterates its core business in precious metals exploration, including the Center Star Gold Mine in Idaho, while signaling a broader strategic interest in the power generation and storage space.
Magellan Copper and Gold (OTC: MAGE) has formed a new wholly owned subsidiary, Magellan Energy Corp, to pursue opportunities in energy production and storage, with a focus on brownfield development of efficient energy solutions aimed at addressing rising power demand.
According to Magellan, the subsidiary will target challenges related to energy storage and resource efficiency, particularly as data center growth driven by Artificial Intelligence increases U.S. energy needs. CEO Mike Lavigne said the company intends to leverage its mining-sector experience and plans to provide further details on Magellan Energy’s initiatives in the coming months.
Magellan Copper and Gold Corp (OTCID:MAGE) entered a letter of intent to acquire the Ophir Creek placer gold mine near Ophir, Alaska, seeking 100% ownership upon closing. The project includes 9 state mining claims (~620 acres), is permitted under APMA #3091, and could begin seasonal mining in 2026.
Magellan completed a site visit and sampling in July 2025 and notes an intrusive-related hard-rock gold target that may be added to exploration plans.
Magellan Copper and Gold Corp. (OTC PINK:MAGE) has entered into a joint venture agreement with Gold Express Mines regarding the historic Atlantic Cable Gold Mine in Montana. The agreement requires Magellan to invest $400,000 in development expenditures over 24 months to earn a 45% participatory interest in the project.
The Cable Mine property encompasses 480 acres of patented ground and 500 acres of unpatented mining claims. A historic resource block, initially explored in the 1900s, was estimated to contain 207,000 tons grading 1.5-4% copper and 0.11-0.14 ounces gold per ton. Recent core drilling showed multiple 5-foot intervals grading between 0.23-3.44 ounces gold per ton.
The companies plan year-round operations pending permit approvals and successful commercial arrangements for ore treatment. Mining will utilize conventional cut-and-fill methods or back-stoping, with processing planned at a permitted facility in Philipsburg.
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Magellan Gold Corporation (OTCQB:MAGE) announced a Joint Venture Agreement with Gold Express Mines on the Kris Project in Plumas County, California. This high-grade underground project encompasses 79 mining claims over 1,580 acres in a historically productive gold belt. It aims to explore a mineralized zone measuring 1,500 feet long and 30 feet wide, with potential for extensive ore-grade mineral deposits. The project is aligned with Magellan's strategy to develop near-term production opportunities. Company CEO Mike Lavigne emphasized the project's significant potential for shareholders.
Magellan Gold Corporation (OTC PINK:MAGE) announced the acquisition of five mining properties in Idaho from Gold Express Mines. The new properties, located across various counties, are at different stages of exploration and development. This strategic move is backed by experienced mining executives Mr. Howard Crosby and Mr. John Ryan, who join Magellan's board and advisory roles, respectively. Their history in founding several successful mining companies is expected to bolster Magellan's operations and exploration efforts. The CEO, Mike Lavigne, expressed optimism about the potential of these properties and the expertise of the new team members.
Magellan Gold Corporation (OTCQB: MAGE) has initiated work to reopen the upper portal of its Center Star Gold Mine in Idaho, aiming to access two previously unknown veins noted in a 1982 report. The veins show impressive assay results of 1.09 oz/ton and 2.75 oz/ton. The reopening will enhance exploration capabilities and provide a secondary escape route within the mine. Since acquiring the project in July 2020, Magellan has expanded its claims to 620 acres. The company is focused on precious metals exploration and aims to increase production and shareholder value.
Magellan Gold Corporation (OTCQB: MAGE) has made significant progress in the exploration and development of its Center Star Gold Mine project in Idaho. Following the issuance of a key permit by the U.S. Forest Service, the company has reopened mine portals and initiated road rehabilitation. Geologists are now conducting further exploration, including sampling and verification of historical data. The Center Star Mine has promising geological reports indicating high-grade gold mineralization, with estimates of approximately 30,000 tons of ore at grades between 0.46oz/ton and 2.75oz/ton from past studies.