Welcome to our dedicated page for Magma Silver news (Ticker: NDENF), a resource for investors and traders seeking the latest updates and insights on Magma Silver stock.
African Energy Metals Inc. (NDENF) provides investors with essential updates through this dedicated news hub. Track verified developments across the company's mineral exploration projects and corporate strategy, including NI 43-101 technical reports and leadership announcements.
This resource delivers timely access to:
• Project Milestones: Niñobamba silver-gold exploration progress
• Financial Updates: Capital raises, TSX Venture Exchange filings
• Strategic Initiatives: Rebranding to Magma Silver Corp. updates
• Expert Analysis: Insights from geological advisors and corporate leadership
All content is sourced directly from company disclosures and vetted for compliance with mining sector reporting standards. Bookmark this page for efficient tracking of NDENF's evolving position in the precious metals sector.
African Energy Metals (NEX: CUCO.H) has announced that the TSXV has accepted its NI-43-101 technical report for the Niñobamba silver-gold project in Peru. The report, prepared by James A. McCrea, P. Geo with an effective date of January 21, 2025, is now available on SEDAR+.
This technical report submission is part of the company's reactivation process from NEX board to Tier 2 of the TSX Venture Exchange, connected to their option agreement with Rio Silver Inc. to acquire 100% interest in the project. The TSXV has provided conditional acceptance of the reactivation, pending the completion of a previously announced $1,000,000 private placement financing and payment of Exchange fees.
African Energy Metals (TSXV: CUCO.H) has received conditional approval from the TSX Venture Exchange for its reactivation from NEX to Tier 2. The reactivation is connected to the company's option agreement dated January 20, 2025, with Rio Silver Inc. to acquire a 100% interest in the Niñobamba advanced silver gold project in Peru.
The final approval is contingent on three key conditions: completing a previously announced $1,000,000 private placement financing, paying Exchange fees, and obtaining Exchange acceptance of the company's NI-43-101 technical report for the project. Upon reactivation, the company will rebrand as Magma Silver Corp. and change its trading symbol to 'MAGA'.
African Energy Metals (TSXV: CUCO.H) has announced amendments to its previously announced private placement and provided updates regarding the acquisition of the Niñobamba silver gold project in Peru. The company has appointed Michael Townsend, a founding partner of Altus Capital Partners, and Jeffrey J. Reeder, P.Geo., as advisors. The company plans to change its name to Magma Silver Corp. with the trading symbol 'MAGA'.
The amended private placement terms include offering up to 10,000,000 units at CAD $0.10 per unit for aggregate proceeds of CAD $1,000,000. Each unit consists of one common share and one-half warrant, with modified terms allowing warrant holders to acquire additional shares at $0.20 within 24 months of closing. The company has submitted applications to TSXV and NEX Exchange for various approvals including the project acquisition, financing, name change, and reactivation to TSXV Tier 2.
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