Magellan Copper and Gold Corp Subsidiary Magellan Energy Corp Enters into Letter of Intent to Acquire Ramm Power Group

Rhea-AI Summary

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.

Positive

• LOI signed to acquire Ramm Power Group, signaling strategic expansion into energy storage
• Access to Ramm’s pumped storage project portfolio focused on renewable and traditional power sources
• Post-closing plan to pursue brownfield energy production and storage opportunities
• Diversification beyond precious metals exploration into power generation and storage markets

Negative

• Acquisition is at Letter of Intent stage and remains subject to closing
• No financial terms, valuation, or closing timeline for the Ramm Power Group acquisition disclosed

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WALLACE, ID / ACCESS Newswire / August 18, 2026 / Magellan Copper & Gold Corp. (OTCID:MAGE) ("Magellan" or the "Company") is pleased to announce that the company's wholly owned subsidiary Magellan Energy Corp. has entered a Letter of Intent to acquire Ramm Power Group. Upon closing of the acquisition, the combined companies will be pursuing brownfield development opportunities in the energy production and storage markets.

Ramm Power Group was formed in 2018 to pursue pump storage facilities specifically to provide storage solutions for solar, wind and nuclear as well as other traditional power generation sources. For more info visit www.rammpowergroup.com

With the demand for energy accelerating due to the large power consumption of data centers which are driven by the growth in Artificial Intelligence, Magellan believes the timing is right for common sense power generation and storage solutions and other related opportunities in the power generation space.

"Ramm Power Group is excited to move some of these projects forward as we have developed a solid approach to helping solve some of the power storage issues related to the grid", said Dr. Michael Warner, CEO of Ramm Power Group.

Magellan Copper & Gold Corp. CEO Mike Lavigne stated, "Ramm Power Group has done extensive work to advance several projects and is in a good position to move them to the next level". He added, "Magellan is committed to helping these projects become a reality".

About Magellan Gold Corporation

Magellan Copper and Gold Inc. (MAGE) is focused on the exploration and development of precious metals in North America and more specifically the Western United States. Magellan currently controls The Center Star Gold Mine located in Idaho County within the State of Idaho.

To learn more about Magellan Copper and Gold Inc., visit www.magellancoppergold.com. To learn more about Magellan Energy Corp., visit www.magellanenergycorp.com

About Ramm Power Group

Ramm Power Group was established to pursue pump storage facilities specifically to provide storage solutions for solar, wind and nuclear as well as other traditional power generation sources. For more info visit www.rammpowergroup.com.

Forward Looking Statements

This release contains "forward-looking statements." Such statements are based on good faith assumptions that Magellan Gold Corporation believes are reasonable, but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Factors that could cause actual results to differ from those anticipated are discussed in Magellan Gold Corporation's periodic filings with the Securities and Exchange Commission.

Contacts:
Magellan Gold Corporation
Mike Lavigne, CEO
mblavigne@magellancoppergold.com

SOURCE: Magellan Copper and Gold Corp

View the original press release on ACCESS Newswire

FAQ

What did Magellan Copper and Gold (MAGE) announce regarding Ramm Power Group on August 18, 2026?

Magellan Copper and Gold announced that its subsidiary Magellan Energy Corp entered a Letter of Intent to acquire Ramm Power Group. According to Magellan, the planned acquisition targets expansion into energy production and storage, leveraging Ramm’s pumped storage project portfolio across renewable and traditional power sources.

What type of company is Ramm Power Group in the planned MAGE acquisition?

Ramm Power Group is a developer focused on pumped storage facilities that provide energy storage for solar, wind, nuclear and other power generation sources. According to Magellan, Ramm was formed in 2018 and has advanced several projects addressing grid-related power storage issues.

How will the Ramm Power Group acquisition affect Magellan Copper and Gold’s (MAGE) business focus?

If the acquisition closes, Magellan plans to pursue brownfield energy production and storage opportunities alongside its existing precious metals exploration. According to Magellan, this would complement its Center Star Gold Mine in Idaho and broaden its presence into power generation and storage markets.

Is the Magellan Copper and Gold (MAGE) acquisition of Ramm Power Group finalized?

No, the transaction is currently at the Letter of Intent stage and has not yet closed. According to Magellan, the parties plan for Magellan Energy Corp to acquire Ramm Power Group, but no specific closing date or conditions were disclosed in the announcement.

Did Magellan Copper and Gold (MAGE) disclose financial terms for acquiring Ramm Power Group?

The announcement did not include any purchase price, valuation, or detailed financial terms for the planned acquisition. According to Magellan, the disclosure focused on the Letter of Intent, strategic rationale, and Ramm’s role in pumped storage and energy storage solutions.

What markets will Magellan Copper and Gold (MAGE) target after the Ramm Power Group acquisition?

Following closing, Magellan expects the combined companies to target brownfield development in energy production and storage markets. According to Magellan, this includes pumped storage solutions that support solar, wind, nuclear and other power generation sources, alongside its ongoing North American precious metals exploration activities.