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Magma Silver (OTCQB: MAGMF) announced a grant of 50,000 incentive stock options on December 12, 2025.
The Stock Options are exercisable into Common Shares at an exercise price of $0.27 per share, have a 5-year term from the grant date, and vest in four equal tranches every three months beginning three months after the grant.
All shares issued on exercise will be subject to a Canadian hold period of four months and one day.
Magma Silver (OTCQB: MAGMF) plans a two‑phase, 4,000‑metre drill program at the Niñobamba Joramina zone targeting gold‑silver mineralization, with Phase 1 starting Q1 2026 from Pad A (2,000 m) and Phase 2 contingent on Phase 1 results.
The company allocated US$1,000,000 (CAD$1,400,000) to Joramina exploration and drilling, citing access to Newmont's historical dataset (US$7m spent, 65 diamond holes) to improve drill targeting. Notable historical and recent assays cited include hole JOR‑001: 72.3 m of 1.19 g/t Au from 53 m, drift sampling: 10 m of 2.32 g/t Au and a 5‑m composite silver result equivalent to 115.8 g/t Ag.
Magma Silver (OTCQB: MAGMF) received a drill permit from the Ministerio de Energía y Minas (Peru) on October 17, 2025 to drill the Joramina zone at its Niñobamba project.
The permit runs for 14 months, allows drilling from 20 drill pads (multiple directional holes per pad) and follows a US$5,000,000 private placement. Magma allocated US$1,000,000 (CAD$1.4M) to expand the Joramina drill program and plans work with an independent NI 43-101 geologist. Recent Phase 2 sampling returned high-grade intercepts including 10 m @ 2.32 g/t Au and a 5 m composite of 4.085 oz/t Ag.
Newcore Gold (OTC: NCAUF) reported that required community access payments for the Jorimina and Randypata projects have been completed, preserving exploration access through the end of the 2025 season and into 2026.
Historical work by Newmont includes CAD$10 million in exploration, 4,377 m drilled at Jorimina and 3,504 m at Randypata, plus channel sample highlights such as 17.4 m of 3.06 g/t Au and long drill intersections (e.g., 150 m of 0.69 g/t Au including 72.3 m of 1.19 g/t Au). The company said it will finalize this summer’s exploration plan shortly.
Magma Silver (OTCQB: MAGMF) reported Phase 2 results from the Niñobamba project in Peru covering Joramina and Randypata. Phase 2 sampled 70 specimens over a 10-day campaign and confirmed historical results in places while exceeding them in others.
Key assays include 10 m @ 2.32 g/t Au, a 5 m composite @ 4.085 oz/t Ag, a 0.70 m chip @ 17.41 g/t Au & 13.94 oz/t Ag, and a Randypata grab of 0.20 g/t Au & 8.55 oz/t Ag. Company plans drilling using revised orientations; some samples will be re-assayed for QC and lead/zinc follow-up assays are planned.
Magma Silver (OTCQB: MAGMF; TSXV: MGMA) announced on October 10, 2025 a grant of 1,850,000 incentive stock options to certain directors, officers, consultants, and employees under its Stock Option Plan. The Stock Options are exercisable for a period of five years at an exercise price of CAD $0.20 per share. The grant follows the company’s equity‑compensation framework and is intended for eligible insiders and service providers.
Magma Silver Corp. (OTCQB: MAGMF) has announced significant results from its Phase 1 work program at the Niñobamba silver-gold project in Peru. The program has validated and exceeded historical results from previous Newmont Mining Corp. exploration, with notable findings including samples averaging 5.32 g/mt Au and 4.812 oz/mt Ag from four old mine workings.
Key highlights include exceptional samples reaching up to 14.56 g/mt Au and 10.594 oz/mt Ag. The Phase 1 campaign, which involved collecting 75 samples across different zones, showed strong correlation with Newmont's previous findings. The company has already initiated Phase 2 of the work program, focusing on additional sampling, including a two km-long untested silver anomaly on the Randypata property.
The project spans 4,100 hectares across three contiguous properties: Jorimina, Randypata, and Niñobamba Main, with plans for a drill program in Q4.Magma Silver Corp. (OTCQB: MAGMF) has announced a 12-month online marketing partnership with AGORACOM featuring AI-generated content to enhance investor outreach. The program, valued at CDN $125,000, will be executed through a shares-for-services agreement with no cash payment required.
The campaign includes innovative AI-driven content such as movie trailers, multilingual avatars, and storytelling elements to showcase Magma's Niñobamba silver and gold project in Peru. Additionally, the company will launch a verified discussion forum on AGORACOM's platform to facilitate moderated engagement between management and shareholders.
The compensation will be distributed in 5 installments of $25,000 worth of shares each, starting August 28, 2025, and continuing quarterly through August 28, 2026, subject to TSXV acceptance.
Magma Silver Corp. (OTCQB: MAGMF) has initiated its Q3 work program at the Niñobamba silver-gold project in Peru. The program aims to define drill targets for a planned Q4 2025 drilling campaign, focusing on the Jorimina and Randypata areas.
Led by Senior Geologist Edgar Leon and supervised by Jeffrey Reeder, P.Geo., the exploration team is now on-site. The company expects to complete the pre-drilling work program by the end of Q3 2025, with rock sample results anticipated in the same period. Q4 2025 drilling at Jorimina is scheduled to commence with results expected before year-end.
Additionally, Magma Silver is actively reviewing potential acquisitions to expand its silver and gold asset portfolio.
Magma Silver Corp. (OTCQB: MAGMF) has announced the initiation of a summer work program at its Niñobamba silver-gold project in Peru. The program will focus on evaluating and defining targets for a planned Q4 drill program at the Jorimina and Randypata deposits.
The project builds upon historical drilling by Newmont Corporation, which included 3,536 rock samples, 2,988 channel samples, and over 7,800 meters of drilling. Notable historical results include an intercept of 72.3m at 1.19 g/t gold in hole JM1. The Randypata zone features a previously undrilled 2 km long silver anomaly.
The work program will be led by Senior Geologist Edgar Leon and supervised by Jeffrey Reeder, P.Geo., with the company planning to present updates at several upcoming mining investment conferences in Q3-Q4 2025.
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